I think you'll find a lot of funds will be trading this for a quick profit. It's really quite an easy play with the FDA approval on the horizon, and the high probability of success. They also have Japan sales as proof that there's a large market for this. As long as WW3 doesn't break out I can't see how this doesn't have a run to 30c and above before approval in anticipation
Of course as well there will be fresh investors who are only now coming across this. They'll need to do their DD and will gradually buy in as well. Probably many as well who were waiting on the sidelines hoping for our friend's 10c price target coming true, and will gradually accept that this is not going to happen and will buy in before approval.
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Last
34.5¢ |
Change
-0.020(5.48%) |
Mkt cap ! $543.4M | |||
| Open | High | Low | Value | Volume |
| 35.5¢ | 35.5¢ | 34.0¢ | $4.566M | 13.13M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 410003 | 34.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.0¢ | 346713 | 8 |
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| BOT (ASX) Chart |