Who's selling?
Margin calls, sorting selling, and/or selling due to fear.
The guys who sell it might be the same guys who buy it back again later at a cheaper price.
What is important is that PDN have cash, and should be able to service their debt & expenses until uranium price is recovering. It is also good to see that they are cutting costs further to break even.
I think when the Japan restart their first reactor, hopefully before the end of this month, it would help to take out the psychological affect of the oversupply people have claimed. or is the a fact? considering the number of new reactors in the pipeline to be commission soon vs inventory and world uranium production.
I will hold my and consider buying more when the price falling below 15c.
Who's selling? Margin calls, sorting selling, and/or selling due...
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Last
$9.72 |
Change
0.090(0.93%) |
Mkt cap ! $2.907B | |||
| Open | High | Low | Value | Volume |
| $9.94 | $10.07 | $9.69 | $34.89M | 3.537M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3453 | $9.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.73 | 4814 | 2 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| PDN (ASX) Chart |