Last Q they forward sold a future contract to generate cash which is why you see the Q figures as they are. Remove this and they are running at a loss.
PEN is dependent on sorting their production issues out which will take time and is no surety of being successful. Any rise in spot in time being will have a negative impact on their performance, due to having to purchase on the spot market.
Last Q they forward sold a future contract to generate cash...
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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 |
View Market Depth
| Last trade - 12.28pm 04/12/2024 (20 minute delay) ? |
| PEN (ASX) Chart |
