Agree this morning is the consolidation on volume that was required & the CR was a great way to manufacture this.
However, I feel it will only last a couple of hours. IMO this closes today green & very green which will be the beginning of its epic re-rate.
This stock has not really been held by the Insto community (I recall reading this somewhere - maybe * or something). The CR was an opportunity for some Insto's to get set with a teaser position on which they IMO will build.
The announcement today is very telling - ie - New Institutions from USA, Europe, Asia & Australia... The key word here is NEW.
Being conservative & saying it was only 1 New Institution from each region, that's AT LEAST 4 new institutions on the registry.
IMO the US & European Insto's will go crazy for this stock as it is ALREADY GENERATING REVENUE in Australia (for OA) under the special access scheme... There is a stock report in the marketplace out there that says it can do $25m revenue in Aus Alone before even the Phase 3 trials in the US are complete!!
Don't worry about daily or hourly moves on this one - IMO tuck it away & let the insto's rip it in to a valuation in the Billions
Don't forget that the active ingredient in the drug has previously been FDA approved.... the only difference now is that it's being re-purposed...
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Last
24.5¢ |
Change
-0.030(10.9%) |
Mkt cap ! $85.7M |
Open | High | Low | Value | Volume |
27.5¢ | 27.5¢ | 24.0¢ | $429.9K | 1.713M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 161991 | 24.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.5¢ | 29634 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 44751 | 0.245 |
5 | 58371 | 0.240 |
2 | 8088 | 0.235 |
4 | 79340 | 0.230 |
4 | 58888 | 0.225 |
Price($) | Vol. | No. |
---|---|---|
0.255 | 29634 | 2 |
0.260 | 14040 | 2 |
0.270 | 10200 | 4 |
0.275 | 64943 | 3 |
0.280 | 100000 | 1 |
Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
25.0¢ |
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Change
-0.030 ( 7.51 %) |
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Open | High | Low | Volume | ||
27.0¢ | 27.0¢ | 23.5¢ | 433775 | ||
Last updated 15.57pm 03/05/2024 ? |
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