Zubana, one of the reasons the PEN price is where it is now is due to PALA selling (along with U price, etc).
PALA still have more to offload. Wouldn't then the share price more likely decrease from here? (until PALA are gone completely)
I'm assuming no one supportive comes along and takes their stake. I'm also assuming U price isn't going to improve any time soon.
Yes, off-take agreements and other announcements will help the share price but who knows when they will come? We know it's a tough environment at the moment and have been waiting ever since the SML was issued, with still no news.
real struggle to get the supply, page-9
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Last
9.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $312.3M | |||
| Open | High | Low | Value | Volume |
| 9.9¢ | 10.5¢ | 9.8¢ | $2.048M | 20.49M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 628476 | 9.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.0¢ | 983486 | 7 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| PEN (ASX) Chart |