Two stocks I punted in the uranium space are PEN and ACB .
Both have some cash , around 18 months left at current spend , but I cannot see how at such an early exploration stage , and in harsh locations, that these Uranium explorers are going to be able to be able to raise money to survive
Both still have a significant premium over cash in their market cap , and in my opinion are worth PEN sub 2c , and ACB sub 10c
I sold and took my loss
time to cut losses
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Last
11.5¢ |
Change
0.005(4.55%) |
Mkt cap ! $366.2M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.5¢ | 10.0¢ | $3.735M | 32.91M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1600000 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 6110118 | 73 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| PEN (ASX) Chart |