After today’s crossings and the volume I am calling the absoloute bottom.
This chart looks absolutely primed and has bottomed and is moving up in volume as the 10 bear market comes to an end.
When institutional investors start needing exposure to Uranium in Australia they won’t have any other choice than PEN.
Not many funds can buy companies that don’t make money and can’t give guidance...
PEN have a 10 mile head start being in production and not many shares on issue, no risk of capital raising as they have cash and a great order book at a spot price over 100% higher.
I take my hat off to the directors of this company for implementing the forwards they did, they have truly ensured this was a going concern through these devastating years for the sector, they are now easily in the strongest position within the industry as far as listed Australian companies are concerned.
Whilst others apply for licenses and build processing plants PEN will be enjoying the uranium bull market that is.
All my opinion DYoR.
After today’s crossings and the volume I am calling the...
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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 |
