I topped up today on weakness at $0.965 because:
- U3O8 spot just keeps going up,
- most uranium equities have been under pressure (I.e. doesn't appear to be anything PDN specific, e.g. project issues)
So why are equities under pressure?
Possibles are:
- they are predicting that U3O8 spot is going to slump.
- profit taking
- EOFY (USA) tax loss selling (ie. locking in gains to offset other losses)
- uranium ETF funds selling to raise cash for dividend payments (I see juniors and miners went ex.div on 14 Dec)
- some of the above have hooked in the momentum traders.
Hopefully not the first one, any or all of the rest would result in a Happy New Year.
THE SQUEEZE IS ON, page-1597
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Last
$14.11 |
Change
-0.120(0.84%) |
Mkt cap ! $4.211B | |||
| Open | High | Low | Value | Volume |
| $14.70 | $14.78 | $14.11 | $33.46M | 2.330M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2817 | $14.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.20 | 1075 | 1 |
View Market Depth
| Last trade - 16.10pm 13/06/2024 (20 minute delay) ? |
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Last
$14.15 |
Change
-0.120 ( 0.06 %) |
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| Open | High | Low | Volume | ||
| $14.71 | $14.77 | $14.12 | 272129 | ||
| Last updated 15.59pm 13/06/2024 ? | |||||
| PDN (ASX) Chart |