Interesting to see PRU capped at these levels despite strong gold price. There is quite persistent selling, not huge but nevertheless hasn't stopped yet and so price is fairly stagnant. Am patiently waiting to see if more buyers step in leading up to the July 30th quarterly release. JQ previously mentioned that a share buyback might be on the table. Not sure if that will go ahead given the new Tanzania mine has to be funded but will be something to look out for in the quarterly. I'm a long term investor so this monthly channel going back to 2019 is interesting to me and suggests a PRU price target of $2.80ish if the gold price can hold above $2300. Just some thoughts on PRU which currently seems a bit forgotten by the market.
So much under valued, page-185
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Last
$2.52 |
Change
0.045(1.82%) |
Mkt cap ! $3.399B | |||
| Open | High | Low | Value | Volume |
| $2.52 | $2.54 | $2.50 | $1.283M | 509.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 39680 | $2.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.52 | 37069 | 21 |
View Market Depth
| Last trade - 10.42am 15/11/2024 (20 minute delay) ? |
| PRU (ASX) Chart |