PDN has trod a very similar path to CCJ, and although we aren’t bearish the miner, much of the good news for 2024 is already baked into the share price, making it look unlikely to forge significantly higher over the coming months – note another 20-30c dip will rapidly see us change our tune.
- We have been targeting a test/break of $1.50 by PDN, which was satisfied yesterday – MM is long PDN in our Active Growth Portfolio and Emerging Companies Portfolio.
MM is neutral PDN short-term ~$1.50 but bullish medium/long term
Add To Hit List
