To add something more I just added to my holding here after noticing the price had reached lowest since launch.
….Which - based on my past experience - is no indication it will not fall lower.
My logic - such as it was is;
-currently the market is one that many are cashing out of, and Pentanet is NOT an exciting company in the near term in regards potential for ‘zoomies’.
- But it seems solid
- Maybe it is being hit particularly hard by the selling of some/all of the 12m shares that came out of escrow late last year plus stop losses?
… Also IPO investors (25c a share ?) are still well in profit and might be heading for greener pastures? (Ouch that’s a lot)
- BUT there will be a base from which the price will turn around (I hope) and maybe I should have waited till then except I am impulsive and hope others with deeper pockets and analytical skills will see value and start buying too.
-Market Cap $86.07M (at 40c a share) and last quarter it had ~$29m cash [quarterly results 27.10.21] minus $4m since then, invested in Canopus.
I think/hope the price will turn round if all goes as management hopes.
cheers
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Last
3.7¢ |
Change
-0.001(2.63%) |
Mkt cap ! $16.02M |
Open | High | Low | Value | Volume |
3.8¢ | 3.8¢ | 3.6¢ | $3.388K | 91.55K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 254717 | 3.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.0¢ | 104254 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 244717 | 0.036 |
6 | 406323 | 0.035 |
1 | 14735 | 0.034 |
1 | 30000 | 0.032 |
2 | 56700 | 0.030 |
Price($) | Vol. | No. |
---|---|---|
0.040 | 104254 | 2 |
0.041 | 100000 | 1 |
0.042 | 162880 | 2 |
0.047 | 141000 | 1 |
0.051 | 50000 | 1 |
Last trade - 15.55pm 09/08/2024 (20 minute delay) ? |
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