While we are all guessing about the cause of some strong momentum my take is that it's not a takeover but much more straight forward.
MSB is an undiscovered/discarded gem on the ASX / global scene. While a few "true believers" were getting set, licking their wounds after years of the price being trampled we now have a mix of local traders, longer term investors, local funds, potentially international specialist funds all wanting to buy as they are seeing what the "true believers" saw earlier. Potential for 3 FDA approved products in time/ lots of revenue/ potential for extensive expansion around inflammation . Hence price moving up. Shorts are probably trying to cover as price moves up without trying to push the price higher.
Its all pretty orderly - less than 1% of shares are being traded daily / no massive price movements. All the buyers want to keep it orderly and move the price up gradually to free up more shares. Its all very early - as OP wrote the other day its the start of the beginning "" ( or something similar). The buyers are getting set while the shorts scramble and "hope "that no positive news drops.
If the CHF trial results are strongly positive this price movement will be dwarfed. Imagine if 5 or 10% of the total shares was being traded daily.
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$1.00 |
Change
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Mkt cap ! $1.141B |
Open | High | Low | Value | Volume |
$1.01 | $1.01 | 94.3¢ | $8.618M | 8.821M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 43508 | $1.00 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.01 | 34138 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 500 | 1.100 |
1 | 30000 | 1.050 |
1 | 2911 | 1.025 |
1 | 500 | 1.020 |
3 | 25200 | 1.005 |
Price($) | Vol. | No. |
---|---|---|
0.950 | 1 | 1 |
0.990 | 1000 | 1 |
1.000 | 67444 | 3 |
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1.010 | 70263 | 5 |
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