Pensana Plc (OTCMKTS:PNSPF – Get Free Report) saw a large decline in short interest in July. As of July 31st, there was short interest totaling 326 shares, a decline of 55.2% from the July 15th total of 728 shares. Based on an average trading volume of 1,287 shares, the days-to-cover ratio is presently 0.3 days.
Pensana Stock Down 7.9%
PNSPF opened at C$1.05 on Friday. The company has a fifty day moving average price of C$1.04 and a two-hundred day moving average price of C$1.25. Pensana has a 1-year low of C$0.78 and a 1-year high of C$2.58.
Pensana Company Profile
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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