BIT 5.26% 2.0¢ biotron limited

Yikes..., page-12

  1. 938 Posts.
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    It's EOFY. The time for people to take advantage of losses so a drop of a few 100ths of a cent is no surprise really. Very few buyers willing to dip in and buy more so a weak market for sellers trading out for losses, almost a surprise that it wasn't worse, maybe tomorrow? We will see next week whether there is a bit of a bounce back though with the low volumes I wouldn't expect anything more than a mild one if it does.

    Also "Promised" news by the middle of the year on results of testing for an anti COVID 19 compound. - shouldn't be all that far away, maybe this week or next? Who knows? If it comes up positive it will be a positive encouragement even though a way to go - the COVID 19 story at the moment is not a good one as I sit in lock down. Vaccines, whilst a big help are not the final answer. If a "cure pill" happens to be found and can be developed from one of BIT's latest compounds, it should go gang busters eventually and if not, well, I guess it's just busters until the HIV drug can move onto phase 3.and then maybe it can be rescued. If results look good, a takeover buyout might be on the cards whilst the shares are still cheap. Limited options for shareholders I think. Although not about to go broke yet the company is way under capitalised for bigger things.
 
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Last
2.0¢
Change
0.001(5.26%)
Mkt cap ! $18.04M
Open High Low Value Volume
2.0¢ 2.1¢ 2.0¢ $9.288K 460.4K

Buyers (Bids)

No. Vol. Price($)
1 15038 2.0¢
 

Sellers (Offers)

Price($) Vol. No.
2.1¢ 24000 1
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Last trade - 15.05pm 07/11/2024 (20 minute delay) ?
BIT (ASX) Chart
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