As mentioned by someone earlier, I'm guessing that Friday's selling was no more than a quick money grab.
On Thursday, these shares were issued against the .10c options from the last capital raise.
The participants in the raise were likely short term money makers, not long term biotech investors
Then sold these 682,500 shares on Friday for an average of around .30.
$136K profit. Not bad.
About that simple I reckon.
Anyway, let's see how this week goes.
How long for Prof Rowe to process his 3 patients on the OLE study? Macquarie Uni holidays last week and this week, no students etc. ... so a perfect opportunity to " get the job done". Maybe results this week, but most likely next week.
As mentioned by someone earlier, I'm guessing that Friday's...
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Last
18.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $73.24M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 24.0¢ | 18.5¢ | $2.617M | 12.78M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 231369 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 50000 | 1 |
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| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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19.0¢ |
Change
0.000 ( 4.17 %) |
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| Open | High | Low | Volume | ||
| 23.5¢ | 24.0¢ | 18.5¢ | 9241539 | ||
| Last updated 16.02pm 17/05/2024 ? | |||||
| PAA (ASX) Chart |