can be seen in a lot of cases on the asx - especially in microcap speculative stocks. Little volume or interest then, material announcement, then rerate over several months. We’ve gone from like 5c to somewhat sustained 15c region in a few months.
id rather not have major interest in heads, stick with my investment thesis and if I’m right - be thankful for the buying opportunity.
A lot of the time there’s significant opportunity missed by many.
also, the company is in a position where we need to cap raise probably mid year, uncertainty on clinical trial outcome (both in depth results of 2a and entire 2b arm) and a long history of disgruntled shareholders and share price for many reasons.
sentiment doesn’t change overnight, or in biotech, over months.
i know much of the above is all platitudes but just generally just how I see the situation. I don’t think there’s one factor you can put little interest in volume to. Also, I think most people have their fill in heads. Only a few hundred/ thousand people would be interested to invest in this company right now. Most of which have been holding for a long time thinking this trial was going to happen over a year ago.
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island pharmaceuticals limited
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Ann: Completion of patient dosing in Phase 2b clinical trial, page-11
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Last
14.0¢ |
Change
-0.005(3.45%) |
Mkt cap ! $33.05M |
Open | High | Low | Value | Volume |
15.0¢ | 15.5¢ | 14.0¢ | $30.62K | 207.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 14370 | 13.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.0¢ | 43667 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 14370 | 0.135 |
8 | 333311 | 0.130 |
3 | 30000 | 0.125 |
3 | 114645 | 0.120 |
1 | 60000 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 43667 | 1 |
0.145 | 100000 | 1 |
0.150 | 150000 | 2 |
0.155 | 124876 | 2 |
0.160 | 29460 | 3 |
Last trade - 13.47pm 23/06/2025 (20 minute delay) ? |
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ILA (ASX) Chart |