I'm not convinced PEN can survive long enough for the uranium 'recovery' to unfold. In my mind, there is a very real possibility that they'll fold or be taken over for cents in the dollar - RCF perhaps? They have money problems and a lot of technical baggage. Throw poor U sentiment into the mix, and it's an awful investment proposition that PEN is offering.
I don't see any silver lining for PEN in the medium term and therefore I reckon the SP will drift toward the sub-10c range. In this range, PEN is a true penny stock, subject to the whims of day traders. There may be opportunity to make a few bucks on the pump and dump events - you know, 'working your trading parcel'. I'm no day trader but I may be tempted to gamble a few dollars in that range. Cue phish - "Ah ha, so you are a trader". Whatever.
Another comment - PEN's continued SP decline has nothing to do with Coronavirus - that's just another excuse fabricated by the bulls. The decline is real - no one out there believes the PEN narrative. Plus the financial evidence (half yearly report) is downright horrible.
All the above is obviously my opinion and I could be totally wrong.
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Last
11.0¢ |
Change
-0.005(4.35%) |
Mkt cap ! $233.1M |
Open | High | Low | Value | Volume |
12.0¢ | 12.0¢ | 11.0¢ | $1.395M | 12.06M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
21 | 2065396 | 11.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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11.5¢ | 1951109 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
20 | 1965396 | 0.110 |
27 | 2829373 | 0.105 |
78 | 6448086 | 0.100 |
7 | 521213 | 0.099 |
10 | 905420 | 0.098 |
Price($) | Vol. | No. |
---|---|---|
0.115 | 1951109 | 6 |
0.120 | 4793717 | 48 |
0.125 | 4641529 | 32 |
0.130 | 5831838 | 54 |
0.135 | 4268700 | 29 |
Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
11.5¢ |
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Change
-0.005 ( 1.37 %) |
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Open | High | Low | Volume | ||
11.8¢ | 12.0¢ | 11.3¢ | 3267295 | ||
Last updated 15.55pm 03/05/2024 ? |
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