Pensana (LON:PRE) Trading Down 10.9% – What’s Next?

Pensana Plc (LON:PREGet Free Report)’s stock price traded down 10.9% during trading on Wednesday . The company traded as low as GBX 28 ($0.35) and last traded at GBX 28.25 ($0.36). 2,657,836 shares changed hands during trading, an increase of 259% from the average session volume of 740,669 shares. The stock had previously closed at GBX 31.70 ($0.40).

Pensana Price Performance

The firm’s 50-day moving average price is GBX 24.04 and its 200-day moving average price is GBX 20. The stock has a market cap of £80.83 million, a P/E ratio of -3,200.00 and a beta of 0.68.

Pensana Company Profile

(Get Free Report)

Pensana Plc engages in the exploration and development of mineral properties in Angola. The company primarily explores for neodymium and praseodymium (NdPr) deposits. Its flagship assets are the Saltend rare earth project located in the United Kingdom and the Longonjo NdPr project located in Angola. The company was formerly known as Pensana Rare Earths Plc and changed its name to Pensana Plc in February 2021.

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