Investors have good reason to mistrust PEN. They went into production with a process that proved to be uneconomic and it has taken them years and M$ to establish new processes. Fortunately for them they, had offtake agreements that they could supply from purchases on the spot market but this still did not allow them to make a profit.
I took a loss and sold out some time ago.
When the latest DFS was published, I considered PEN was already valued at the NPV and so it had become a play on the uranium price. However, with the latest fall-back in SP, I have bought in again, as a short term investment. Obviously, it remains a play on the uranium price but at least there is more room to make some gain.
All the best to every investor.
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Last
8.4¢ |
Change
0.006(7.69%) |
Mkt cap ! $267.7M |
Open | High | Low | Value | Volume |
8.3¢ | 8.6¢ | 8.2¢ | $1.524M | 18.28M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 302820 | 8.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.5¢ | 500000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 302820 | 0.084 |
2 | 60000 | 0.083 |
2 | 42201 | 0.082 |
4 | 134530 | 0.081 |
4 | 253001 | 0.080 |
Price($) | Vol. | No. |
---|---|---|
0.085 | 500000 | 2 |
0.086 | 432923 | 6 |
0.087 | 1037481 | 5 |
0.088 | 44500 | 2 |
0.089 | 123363 | 3 |
Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
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PEN (ASX) Chart |