Pensana Plc (OTCMKTS:PNSPF – Get Free Report) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 3,000 shares, an increase of 365.1% from the September 15th total of 645 shares. Based on an average daily trading volume, of 12,562 shares, the short-interest ratio is currently 0.2 days.
Pensana Price Performance
OTCMKTS PNSPF opened at C$0.55 on Tuesday. The firm’s fifty day moving average price is C$0.88 and its 200 day moving average price is C$1.07. Pensana has a 12 month low of C$0.55 and a 12 month high of C$2.58.
About Pensana
Pensana plc is a United Kingdom-based rare earths company focused on developing an integrated supply chain for magnet metals, particularly neodymium and praseodymium (NdPr). These elements are used in high-strength permanent magnets found in electric vehicles, wind turbines, robotics and other advanced technologies.
The company’s principal asset is the Longonjo Rare Earths Project in Angola, which is intended to produce a mixed rare earth carbonate containing NdPr and other rare earth elements.
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