Pensana Plc (OTCMKTS:PNSPF – Get Free Report) saw a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 5,012 shares, a decline of 81.4% from the April 30th total of 26,975 shares. Based on an average daily trading volume, of 1,655 shares, the short-interest ratio is currently 3.0 days.
Pensana Stock Performance
Shares of OTCMKTS:PNSPF remained flat at C$1.33 during mid-day trading on Friday. Pensana has a 52 week low of C$0.52 and a 52 week high of C$2.58. The company has a 50 day moving average price of C$1.27 and a 200 day moving average price of C$1.33.
About Pensana
Pensana Plc is a critical metals company engaged in the exploration, development and processing of rare earth elements essential for clean energy and high‐technology applications. The company’s flagship asset is the Longonjo rare earths project in Angola, which is being advanced toward production of neodymium and praseodymium—key magnets in electric vehicles, wind turbines and consumer electronics. Pensana has structured its operations to address both upstream mining and downstream beneficiation, ensuring that its concentrate is processed into separated rare earth oxides.
To support a robust and secure supply chain, Pensana is developing the Saltend rare earth processing facility in the United Kingdom.
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