It's called underwriters holding $24M of stock desperately wanting to offload it. Volume is already 5x Friday volume. There are keen buyers taking bargain stock willingly from the underwriters.
PEN 20 cent target, page-6
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 (20min delay)
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Last
11.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $243.8M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 11.5¢ | 11.0¢ | $322.3K | 2.822M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 62 | 4989632 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 1154531 | 19 |
View Market Depth
| Last trade - 16.10pm 15/05/2024 (20 minute delay) ? |
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Last
11.5¢ |
Change
0.000 ( 2.13 %) |
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| Open | High | Low | Volume | ||
| 11.5¢ | 11.5¢ | 11.3¢ | 575451 | ||
| Last updated 15.56pm 15/05/2024 ? | |||||
| PEN (ASX) Chart |