I think they're bailing coz the uranium market is dead since 2011 (or 2007?), and in that time management has failed to meet objectives continuously, and yet continuously raised their remuneration and hired people that are possibly unnecessary.
Oh, and they give freebies to large opportunistic companies instead of any "loyal shareholders" that may remain.
I'm in PEN (almost 7 years now!) mainly because I believe in periodic pumps and dumps to take advantage of, and some of the kind of things Zubana has been talking about.
That and I'm free carried, having mostly got out near the top in March 2011.
I think they're bailing coz the uranium market is dead since...
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Last
11.0¢ |
Change
0.005(4.76%) |
Mkt cap ! $350.4M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.0¢ | 10.5¢ | $1.540M | 14.39M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 4155665 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 4142147 | 42 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| PEN (ASX) Chart |