This report is an updated version of the report published on 13 March 2024 at 3.55 pm AEDT.

Company Overview: Peninsula Energy Limited (ASX: PEN) is an Australia-based uranium mining company. The company operates in 3 segments: Lance Projects, Karoo Projects, and South Africa.  Kalkine’s Daily Report covers the Key Financial Metrics, Risks, Outlook, Technical Analysis along with the Valuation, Target Price, and Recommendation on the stock.

Section 1.0: Key Metrics in Pictures

Having looked at the key financial metrics above the below sections provide in-depth fundamental, and technical analysis on this Uranium Mining stock along with recommendation, technical support, and resistance level & indicative stop-loss.

Section 2.0: Peninsula Energy Limited (‘Speculative Buy’ at AUD 0.105, current market price per share as on 13 March 2024)

2.1 Company Details

2.2 Valuation, Technical Summary & Stock Recommendation

The stock has declined by ~15.38% in the last one month, and over the last nine months, it has decreased by ~37.14%. The stock has a 52-week low and 52-week high of AUD 0.076 and AUD 0.200, respectively and is currently trading below the average level of its 52-week low and high. PEN was last covered in a report dated ‘13 February 2024’.

Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical issues prevailing geopolitical tensions. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is 13 March 2024. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual’s appetite for upside potential, risks, holding duration, and any previous holdings. An ‘Exit’ from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Dividend Yield may vary as per the stock price movement.

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.

Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.