Well the Lance resource announcement has certainly sent PEN's SP into a frenzy.....NOT.
It looks like the SP wont be going anywhere unless they announce they have a multi billion dollar resource which is 12 months from being mined and the funds in the bank to achieve it.
No junior resource stock is moving anywhere on any announcements apart from backwards. No one is prepared to sink any capital into these sort of stocks until they prove they have an economic resource and the finance to actually mine it within 12 months.
Guess I am getting a bit jaded sitting on a few paper losses. Might be time to stop watching for a few months before I do something stupid and sell.
Well the Lance resource announcement has certainly sent PEN's SP...
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Last
11.0¢ |
Change
0.010(10.0%) |
Mkt cap ! $350.3M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.0¢ | 10.0¢ | $1.070M | 10.13M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1005100 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 2868820 | 31 |
View Market Depth
| Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
| PEN (ASX) Chart |