Still holding a small parcel. There was never any validity to IMU’s crazy valuation, imo. It was a classic case of hype and fomo that drove it. We have some promising technology but IMU is still an early to mid stage biotech and the road is loooong.
Fundamentally, I think we are worth about $500 mil at most so I won’t be adding until the share price reflects that. I think we’ll eventually drop back to around 7 or 8 cents and normal programming will resume.
What we’ve just been through was classic market irrational exuberance turned up to 11.
Just a humble opinion.
IMUGENE CHART. TA only, page-14592
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Last
5.3¢ |
Change
-0.001(1.85%) |
Mkt cap ! $389.5M | |||
| Open | High | Low | Value | Volume |
| 5.4¢ | 5.4¢ | 5.3¢ | $269.6K | 5.066M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 841238 | 5.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.4¢ | 1476784 | 28 |
View Market Depth
| Last trade - 14.00pm 28/08/2024 (20 minute delay) ? |
| IMU (ASX) Chart |