AGN 1.37% 72.0¢ argenica therapeutics limited

You are correct in they do need capital, and they themselves...

  1. 970 Posts.
    lightbulb Created with Sketch. 172
    You are correct in they do need capital, and they themselves have stated it. The positive with these guys is that if you look back at their financials, they are extremely fiscally responsible. So a cap raise is going to happen at some stage soon, but this could be a CU6 type of situation, where the raise happens at $1+ and possibly be pro rata.

    So investors don't be disappointed by a cap raise, I feel this company knows how to spend well. Very rare. This is up there with RAC, EMV in terms of companies who value the cash and not raise perpetually like most biotechs.

 
watchlist Created with Sketch. Add AGN (ASX) to my watchlist
(20min delay)
Last
72.0¢
Change
-0.010(1.37%)
Mkt cap ! $88.42M
Open High Low Value Volume
74.0¢ 74.0¢ 70.0¢ $70.67K 98.28K

Buyers (Bids)

No. Vol. Price($)
1 600 71.5¢
 

Sellers (Offers)

Price($) Vol. No.
74.0¢ 82 1
View Market Depth
Last trade - 15.56pm 05/06/2024 (20 minute delay) ?
Last
71.0¢
  Change
-0.010 ( 3.40 %)
Open High Low Volume
74.0¢ 74.0¢ 71.0¢ 17811
Last updated 15.15pm 05/06/2024 ?
AGN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.