I'd say it's a hedge, as other folks have mentioned. They can't know the results of the trial without having disclosed to the market (one would hope anyway).
Other side of the coin though is who would throw money at them now at these prices when the results are so close to being announced? Suggests confidence in the results perhaps.
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Last
14.5¢ |
Change
-0.010(6.45%) |
Mkt cap ! $34.23M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.0¢ | 14.5¢ | $24.99K | 171.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 19113 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 12700 | 1 |
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| Last trade - 11.47am 18/06/2025 (20 minute delay) ? |
| ILA (ASX) Chart |