Pensana Plc (LON:PRE – Get Free Report) shot up 9.7% during mid-day trading on Friday . The stock traded as high as GBX 19.50 ($0.25) and last traded at GBX 19.50 ($0.25). 312,767 shares changed hands during trading, a decline of 47% from the average session volume of 587,073 shares. The stock had previously closed at GBX 17.78 ($0.23).
Pensana Price Performance
The company’s 50-day simple moving average is GBX 21.83 and its 200-day simple moving average is GBX 24.48. The stock has a market capitalization of £51.98 million, a P/E ratio of -1,800.00 and a beta of 0.71.
Insiders Place Their Bets
In related news, insider Tim George acquired 21,034 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were bought at an average cost of GBX 24 ($0.30) per share, with a total value of £5,048.16 ($6,403.86). Insiders own 39.73% of the company’s stock.
Pensana Company Profile
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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