1.1: Company Overview: Peninsula Energy Limited (ASX: PEN) is an Australia-based uranium mining company. The company operates in 3 segments: Lance Projects, Karoo Projects, and South Africa. Kalkine’s Global Fully Charged Report covers the Investment Highlights, Management Insights, Key Financial Metrics, Risks, Technical Analysis along with the Valuation, Target Price, and Recommendation on the stock.
The top 10 shareholders together form ~30.67% of the total shareholding. Alps Advisors, Inc. and Mitsubishi UFJ Financial Group Inc are holding maximum stakes in the company at ~7.59% and ~6.12%, respectively.
In FY23, PEN embarked upon pursuing a steady state of production at the Lance Project. The binding commitments received to raise AUD 50mn were expected to be used for construction works and wellfield development for the restart of production at the Lance Project. Below is captured other metrics showing the annual trend of Net Sales and Cash and Short-Term Investments since FY19:
The stock price declined by ~25.00% in last 1 month and over the last 6 months, stock prices went down by ~43.75%. The stock has a 52-week low and 52-week high of AUD 0.076 and AUD 0.200, respectively, and is currently trading below the mid-range of the 52-week-high-low levels. PEN was last covered in a report dated ’26 September 2023’.
Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.
Note 1: Past performance is neither an indicator nor a guarantee of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is 21 November 2023. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.
Technical Indicators Defined: -
Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.
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