I totally agree Pewal that this stock has been 'defying gravity' for awhile now, and exactly, that's what you get when stocks are undergoing a market re-rate. Few examples I have also seen in the last few weeks are BTU and FMJ.
Once we take into account that the market is simply 'catching up' with what this stock should be worth given the greater publicity/ recognition it has received - 14.5c should provide the new support as the higher low and upside from here.
Will post a chart tonight after work if i have time :)
Foxtrot
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I totally agree Pewal that this stock has been 'defying gravity'...
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Last
8.4¢ |
Change
0.006(7.69%) |
Mkt cap ! $267.7M |
Open | High | Low | Value | Volume |
8.3¢ | 8.6¢ | 8.2¢ | $1.524M | 18.28M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 302820 | 8.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.5¢ | 500000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 302820 | 0.084 |
2 | 60000 | 0.083 |
2 | 42201 | 0.082 |
4 | 134530 | 0.081 |
4 | 253001 | 0.080 |
Price($) | Vol. | No. |
---|---|---|
0.085 | 500000 | 2 |
0.086 | 432923 | 6 |
0.087 | 1037481 | 5 |
0.088 | 44500 | 2 |
0.089 | 123363 | 3 |
Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
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PEN (ASX) Chart |