PEN
Click for more information
2.35% 8.3¢ peninsula energy limited

Why?, page-32

  1. Vainglorious
    603 Posts.
    clock Created with Sketch.
    03/10/15
    18:17
    Post #: 16110071
    No.

    Currencies are just mediums of exchange. PEN's earnings can be translated into yen, dollars, or seashells, the price to earnings measured in each currency will be identical.

    Hypothetical scenario:

    Earnings US$1
    Share Price US$10
    PE 10

    Translate to Aussie $

    Earnings AU$1.42
    Share Price AU$14.20
    PE 10

    If there wasn't parity between the values there would be an arbitrage opportunity.
    PEN Price at posting: $1.04 Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

LU7 Filling the Lithium Conversion Gap: Lithium Universe commits to community collaboration through formation of joint committee for Bécancour
right-arrow Created with Sketch.
MBK Metal Bank setting up shop in Saudi Arabia as part of MENA expansion plans
right-arrow Created with Sketch.
NEWS Earnings wrap Monday Week 34: A2 Milk, Bluescope, Suncorp's climate woes & more
right-arrow Created with Sketch.
NEWS Want to talk crypto? Click here to join the discussion!
right-arrow Created with Sketch.
NEWS Good habits matters when it comes to finances
right-arrow Created with Sketch.
RDN Raiden Resources hopeful it can start drilling Andover South, WA, as early as mid-October
right-arrow Created with Sketch.
watchlist Created with Sketch. Add PEN (ASX) to my watchlist
(20min delay)
Last
8.3¢ 		Change
-0.002(2.35%) 		Mkt cap ! $264.5M
Open High Low Value Volume
8.5¢ 8.6¢ 8.2¢ $453.2K 5.435M

Buyers (Bids)

No. Vol. Price($)
2 249998 8.3¢
 

Sellers (Offers)

Price($) Vol. No.
8.5¢ 88201 3
View Market Depth
Last trade - 16.10pm 22/08/2024 (20 minute delay) ?
PEN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.