I was thinking the same despite the market being a bit shaky, we've still seen some solid runs lately (ADN springs to mind), so there's definitely still appetite out there. I quickly checked in with ChatGPT for its take on how ATH might react to the Fast Track news:
What Could Happen to ATH?
ATH last traded at $0.009, with a market cap of $85M. Based on historical comparisons:
% Increase Implied Price Implied Market Cap 1 +25% $0.01125 ~$106M 2 +50% $0.0135 ~$127M
A 25–50% move would be typical for a micro-cap biotech if retail momentum kicks in — which often happens after news like this.
⚠️ Caveats
Final Take:
- ATH's illiquidity and high retail ownership could trigger volatile overreactions.
- Gains may not stick unless strong clinical trial data or a partnership follows.
- ATH434 is still in Phase 2, so no guarantees of commercial success just yet.
If the market responds well, ATH could see a short-term pop to around $0.013 — but holding those gains will depend on what comes next.
Curious to see how accurate it is, this is the result after I asked it to give me the typical reaction to this annnouncment.
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- Ann: Alterity Granted U.S. FDA Fast Track Designation for ATH434
ATH
alterity therapeutics limited
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1.0¢

Ann: Alterity Granted U.S. FDA Fast Track Designation for ATH434, page-31
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Last
1.0¢ |
Change
-0.001(9.09%) |
Mkt cap ! $91.27M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.0¢ | $42.87K | 4.214M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 55000 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 6683005 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 55000 | 0.010 |
22 | 8904750 | 0.009 |
12 | 7174794 | 0.008 |
14 | 5158107 | 0.007 |
14 | 8953518 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 6683005 | 16 |
0.012 | 23825450 | 32 |
0.013 | 6944325 | 13 |
0.014 | 12788180 | 6 |
0.015 | 2039976 | 8 |
Last trade - 15.48pm 23/06/2025 (20 minute delay) ? |
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ATH (ASX) Chart |