Pensana Plc (OTCMKTS:PNSPF – Get Free Report) was the recipient of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 15,386 shares, an increase of 85.2% from the February 12th total of 8,307 shares. Based on an average daily volume of 1,524 shares, the short-interest ratio is currently 10.1 days. Based on an average daily volume of 1,524 shares, the short-interest ratio is currently 10.1 days.
Pensana Stock Up 15.6%
PNSPF stock opened at C$1.48 on Friday. Pensana has a 12 month low of C$0.41 and a 12 month high of C$2.58. The firm’s 50-day moving average is C$1.41 and its 200 day moving average is C$1.49.
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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