I may be proven wrong, but I don't see that new/existing investors are going to stampede out at 30c+, to take a couple of cents profit.
Sure it looks good in % terms, especially in less than a month, but a these guys on the whole are not short of a buck (need to be multi-millionaire to be a spoh investor) and are after large profits.
Also, as I have said before, only a very limited amount of institutions would have a mandate to invest in a company like PRR. Again the vast majority of these investors are knowledgable in the bio space, and are looking for multiple sp increments to justify the early stage risk.
Sure there will be some sellers. But there may also be some unsatisfied placement demand to take up the slack.
In any event PRR is a marathon not a sprint, and I'm going to sit back and watch the race unfold.
Chawkey
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Last
35.5¢ |
Change
0.015(4.41%) |
Mkt cap ! $515.6M |
Open | High | Low | Value | Volume |
34.0¢ | 36.0¢ | 34.0¢ | $1.270M | 3.611M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 286261 | 35.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
36.0¢ | 253490 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3250 | 0.345 |
2 | 17500 | 0.340 |
4 | 97500 | 0.330 |
2 | 33079 | 0.325 |
1 | 6234 | 0.320 |
Price($) | Vol. | No. |
---|---|---|
0.360 | 138490 | 4 |
0.365 | 64000 | 4 |
0.370 | 110306 | 3 |
0.375 | 45000 | 2 |
0.380 | 201873 | 5 |
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