PEN peninsula energy limited

Tomas...I agree it certainly looks like volume is rising and the...

  1. 2,500 Posts.
    lightbulb Created with Sketch. 1039
    Tomas...I agree it certainly looks like volume is rising and the price has made a bottom. Hopefully a strong move to higher prices from here..Has all the overhead supply gone...are all the knee tremblers out...It certainly seems so as you can drive a coach and horse through the gap between buyers and sellers..With $1.03 bid and 1.085 on offer... and the volume for the day approx. 864 thousand...fairly near the average at approx 878 thousand.

    It seems on the five year adjusted chart we have hit the five year low range...and we are moving up from this long term low...with the largest volume of sales since 2020 in November of this year.

    Yes it's a fair bet to say most of the distressed sellers are gone and the shares are now moving up from a bottom...seems on the whole buyers will have to keep paying more!!!
    All the Best to all
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.