Today we have evidence of another swap at the top in the tightly-held share register of Cryosite.
An investor outlaid some $144k on 400k shares at 36c.
The on-market deal boosted daily turnover to the third highest for the year.
Is today's buyer associated with director Andrew Kroger? Or top institutional holder DMX Asset Management? Or is it another insto new to the register?
Whatever, I regard the deal as a further bullish indicator for CTE.
While the stock has triple-bagged in the last 52 weeks, MC today stands $17.3m.
This a modest number for a TGA-backed operation that plays a pivotal role in the $1b+ Australian clinical trials industry.
I think today's buyer is aiming to double its money. And I sense it will.
Cryosite swap at the top, page-26
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Last
$1.24 |
Change
0.100(8.77%) |
Mkt cap ! $60.52M | |||
| Open | High | Low | Value | Volume |
| $1.20 | $1.24 | $1.20 | $20.39K | 16.87K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3420 | $1.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.24 | 9580 | 1 |
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| Last trade - 14.25pm 28/06/2024 (20 minute delay) ? |
| CTE (ASX) Chart |