I believe this is international money flowing in.
News comes out here yesterday. Aussies distracted by next headline of au g/t and not much happens. Market closes as internationals are getting out of bed and see news. They have all day to process the news and leave their overnight orders in. Market open today was their first opportunity to buy on the news. As someone pointed out earlier, day 2 buying has been the pattern for quite some time on IMU. Aussies don't rate biotech but international money does. I believe this will become more evident with data and hints at commercialisation. Don't be surprised to see a pullback tomorrow.
IMUGENE CHART. TA only, page-15056
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Last
4.9¢ |
Change
-0.001(1.02%) |
Mkt cap ! $364.4M | |||
| Open | High | Low | Value | Volume |
| 4.9¢ | 5.0¢ | 4.9¢ | $237.3K | 4.848M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 107 | 14460931 | 4.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.9¢ | 701942 | 17 |
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| Last trade - 13.08pm 17/10/2024 (20 minute delay) ? |
| IMU (ASX) Chart |