Penisula Energy (PEN) – our thoughts

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Question asked 11/06/2021

Penisula Energy (PEN) – our thoughts

Morning Market Matters team, You have covered Peninsula Energy (PEN) back in March. Can you provide any updated commentary on your thoughts on this uranium play. Their recently announced SPP for retail investors follows a successful institutional capital raise to purchase Uranium. Do you think there is value in the placement? Still bullish on this small cap? Any other points to note?

Thanks Steve

Answer

Hi Steve,

We are bullish the Uranium sector here and PEN is a small cap stocks that we like around current levels. From what I understand, the placement was heavily oversubscribed from institutions which is a good read through for the SPP available at 15c.

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Peninsula Energy (PEN)

LAST UPDATED 11/06/2021 11:55

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