PEN 1.37% $1.08 peninsula energy limited

Ann: Global X Index Change and Company Update, page-93

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  1. 136 Posts.
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    Unless some large buyer steps up to absorb the huge number of shares that Global X is required to sell each week over the next 4 months, PEN is going to keep dropping in price until such time as Global X has finished selling. Two parties have controlled the price over the past 6 months, being GX buying up big to just below 50c, Blackrock selling down to around 30c (wonder if it had inside advance knowledge of Solactive's change of index and that Global X would undergo an index change so that it will be tracking Solactive?), and now GX selling. There will be a time to buy this stock again but it is very difficult to go against the current incessant tide of the second largest holder exiting its holding.
 
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Last
$1.08
Change
-0.015(1.37%)
Mkt cap ! $274.0M
Open High Low Value Volume
$1.09 $1.12 $1.08 $237.1K 216.2K

Buyers (Bids)

No. Vol. Price($)
2 18320 $1.08
 

Sellers (Offers)

Price($) Vol. No.
$1.10 4076 3
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Last trade - 12.28pm 04/12/2024 (20 minute delay) ?
PEN (ASX) Chart
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