Pensana (LON:PRE) Stock Price Down 9% - What's Next?

Key Points

• Pensana Plc shares fell by 9%, closing at GBX 75 ($1.01), with a trading volume that was 30% below average.
• Insider Robert Kaplan sold 120,000 shares at £35 ($0.47) each, contributing to a total of 320,000 shares sold by insiders worth approximately $11.2 million in the last ninety days.
• The company is focused on building a sustainable metal supply chain to support the growing demand from electric vehicles and offshore wind sectors.

Pensana Plc (LON:PRE - Get Free Report) traded down 9% during mid-day trading on Monday . The stock traded as low as GBX 73 ($0.96) and last traded at GBX 75 ($0.99). 696,026 shares were traded during trading, a decline of 30% from the average session volume of 987,284 shares. The stock had previously closed at GBX 82.40 ($1.09).

Pensana Price Performance

The firm's 50-day moving average is GBX 62.07 and its 200-day moving average is GBX 39.36. The company has a debt-to-equity ratio of 21.17, a current ratio of 0.15 and a quick ratio of 1.03. The company has a market capitalization of £267.61 million, a P/E ratio of -54.44 and a beta of 0.68.

Insider Transactions at Pensana

In other Pensana news, insider Robert Kaplan sold 100,000 shares of the company's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of GBX 39 ($0.52), for a total value of £39,000 ($51,519.15). Company insiders own 38.68% of the company's stock.

About Pensana

Building the world's first sustainable magnet metal supply chain to meet the burgeoning demand from EVs and Offshore Wind