71c4
Another leg up would see the share price around 6 cents or above. Options would be exercised and the company would have more capital. Do your own calculations, but a share price above 6 cents would benefit us all and the company wouldn't need to use the $50 mil facility.
The charts support another leg up and the current price is just testing the lower support level which is OK in the short term. The longer term trend is still up.
I don't know how you can randomly come up with and post a figure of 2.5 cents though.
pen potential, page-11
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Last
11.5¢ |
Change
0.005(4.55%) |
Mkt cap ! $366.3M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.5¢ | 10.5¢ | $2.185M | 19.39M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 1892350 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 3719 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| PEN (ASX) Chart |