the fact that many margin lenders have LVRs against this stock and it has fallen subsantially, means anyone with this stock as a large portion of their portfolio would be getting margin calls and if they dont meet this with lodging more shares, or with cash then their portfolio will be sold down, so margin call liquidations could be responsible for some selling, which in turn pushes the price down which leads to more margin calls (a vicious cycle) Also the Zinc price and commodity environment at the moment is a huge factor, even larger zinc companies like OZL are going through pain atm.
PEM Price at posting:
0.0¢ Sentiment: ST Sell Disclosure: Not Held
