Pensana (LON:PRE) Shares Down 2.6% – Time to Sell?

Pensana Plc (LON:PREGet Free Report) shares fell 2.6% on Thursday . The company traded as low as GBX 18.55 ($0.24) and last traded at GBX 19 ($0.25). 1,896,807 shares traded hands during mid-day trading, an increase of 172% from the average session volume of 697,859 shares. The stock had previously closed at GBX 19.50 ($0.25).

Pensana Price Performance

The stock’s 50-day moving average price is GBX 18.73 and its 200 day moving average price is GBX 19.67. The firm has a market cap of £55.15 million, a P/E ratio of -1,900.00 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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