Yup. I think someone is trying to get in ... up 5% on a day when the market is down by 3%, with no recent news.
All other things being equal, and if you believe in the CAPM, Clinuvel should be down by 4.5% (beta of 1.5).
Maybe it's these guys:
"...further investments are likely, with substantial cash being kept in reserve by institutional investors such as venture capital firm GBS Ventures, which announced last month that its new life sciences fund had raised $122.5 million."
http://business.theage.com.au/business/investment-boom-rejuvenates-biotechs-20090413-a4uh.html
the run is finally here, page-3
Add CUV (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$14.58 |
Change
-0.930(6.00%) |
Mkt cap ! $730.1M | |||
| Open | High | Low | Value | Volume |
| $15.35 | $15.74 | $14.23 | $4.173M | 285.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $14.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.58 | 1486 | 2 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| CUV (ASX) Chart |