I was just comparing PEN to a number of other U stocks (majority of their activity) and it is by far has the lowest share price
ACB .40
AEE .335
BMN .515
DYL .255
EVE .175
SHE .145
USA .375
UNX .34
Each one of these companies has different holdings and are at different levels of pre production.
What I don't understand is that PEN has a large amount of proven resources (which is growing everyday), can extract the proven resources at a low cost, and has forward contracts locked in.
Is the share price a lot lower due to the amount of shares / options on issue?
Thoughts?
pen undervalued compared to other u stocks
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Last
10.0¢ |
Change
-0.005(4.76%) |
Mkt cap ! $318.4M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.0¢ | $474.9K | 4.569M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 48 | 4751025 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 2534472 | 22 |
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| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| PEN (ASX) Chart |