my 2 cents worth;
the broker report gave out a price target of 33c.
with a currenr price of 29c.
thats a diff of circa ~10%
who are the main target market of that report ?
sophs/high net worth/perhaps retail
point is, some large holders likely.
why on earth would they hold big bags pre FDA approval with only 10% upside left , according to the broker ??
FDA is a significant risk, unfortunately.
so the risk reward situation for the target market of the broker report would likely explain the selloff on decent volume.
just my 2c
my 2 cents worth;the broker report gave out a price target of...
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Last
28.0¢ |
Change
-0.010(3.45%) |
Mkt cap ! $441.0M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 29.0¢ | 28.0¢ | $599.4K | 2.107M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 647996 | 28.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.5¢ | 275 | 1 |
View Market Depth
| Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
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Last
28.5¢ |
Change
-0.010 ( 0.04 %) |
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| Open | High | Low | Volume | ||
| 29.0¢ | 29.0¢ | 28.0¢ | 1016190 | ||
| Last updated 15.54pm 30/05/2024 ? | |||||
| BOT (ASX) Chart |