The US aftermarket price on low volume is irrelevant. The Aussie close today was 39.5c - holding the level. That's $US1.30 per MESO ADR. The buying has been pretty intense in Oz the past few days and continued today, with 7.5m on ASX and 1.5m on CBOE - that's more than 3x the average daily volume of the past year. We should get an indication tomorrow if it's short covering or strong new buying. My instinct says short covering - but that's a guess.It is certainly soaking up the selling while steadily moving the price higher.AGM now only 5 days away and I'm hoping they will give the market some solid indications as to timeframes, approval pathways and how the cash burn will be addressed. If they can avoid a capital raise then the shorts will be smacked on the nostrils by a claw hammer.
Sounds painful
Aloha.
Ann: Mesoblast Partners with BMT CTN on Adult SR-aGVHD Trial, page-141
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Last
$1.19 |
Change
0.085(7.69%) |
Mkt cap ! $1.358B | |||
| Open | High | Low | Value | Volume |
| $1.10 | $1.20 | $1.09 | $13.21M | 11.37M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15000 | $1.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.19 | 75212 | 5 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| MSB (ASX) Chart |