Pensana (LON:PRE) Stock Price Up 5.6% - Should You Buy?

Key Points

• Pensana Plc (LON:PRE) experienced a 5.6% increase in stock price, rising to GBX 131 ($1.76) from a previous closing of GBX 124 ($1.67).
• The stock's trading volume decreased by 15%, with approximately 860,938 shares traded compared to an average of 1,009,959 shares.
• Pensana is focused on developing the world's first sustainable magnet metal supply chain to cater to the increasing demand from electric vehicles and offshore wind sectors.

Pensana Plc (LON:PRE - ) rose 5.6% during mid-day trading on Wednesday . The stock traded as high as GBX 133.50 ($1.80) and last traded at GBX 131 ($1.76). Approximately 860,938 shares were traded during mid-day trading, a decline of 15% from the average daily volume of 1,009,959 shares. The stock had previously closed at GBX 124 ($1.67).

Pensana Trading Up 5.6%

The firm's 50 day moving average price is GBX 95.46 and its 200-day moving average price is GBX 59.79. The stock has a market cap of £391.92 million, a P/E ratio of -7,197.80 and a beta of 0.68. The company has a debt-to-equity ratio of 21.17, a current ratio of 0.15 and a quick ratio of 1.03.

Pensana Company Profile

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.