Last night's PBMD volume of 170 ADRs was the highest recorded since listing on Nasdaq. These need to be bought from ASX. If the demand continues, the SP will naturally rise, and perhaps exponentially as there are only 10 to 12 million PRR shares on sale (agree there will be more sale offers as the SP rises).
Hopefully, in coming days, the market makers will need approx 5 million PRR shares if not more to execute PBMD orders. This should itself see the SP rise sharply.
I see good action today and on Monday, before the conference call.
Breakout chances are bright. And then herd mentality, greed, blockbuster potential, etc, MAY see the SP rise to new highs.
Brainy
5 mi prr shares needed to cover pbmd sales
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Last
29.5¢ |
Change
-0.040(11.9%) |
Mkt cap ! $428.5M | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 33.0¢ | 28.0¢ | $7.278M | 23.75M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 53192 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 41048 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| IMM (ASX) Chart |