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
11.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $243.8M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 139117 | 12.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.0¢ | 102792 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 139117 | 0.120 |
3 | 19813 | 0.115 |
34 | 1931778 | 0.110 |
27 | 2466960 | 0.105 |
89 | 5382590 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.100 | 102792 | 3 |
0.105 | 258000 | 4 |
0.110 | 528812 | 7 |
0.115 | 1531724 | 18 |
0.120 | 3387031 | 31 |
Last trade - 16.16pm 16/05/2024 (20 minute delay) ? |
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