The expectation of some has changed very quickly, volume of over 1M shares is now a subdued day and anything but a 52 week high is unacceptable.
This time last month any current holder would have been satisfied with a sp over 20c with volume consistently above 1M, where nothing has fundamentally changed over this period.
In saying that, although the recent price increase has occurred over a short space of time this really ‘should’ have occurred gradually as each cohort was successfully completed. The current market cap of $100M seems about fair value for an ASX biotech pending phase II results.
Passing Through the 20's, page-101
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.81M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.8¢ | 0.7¢ | $6.268K | 895.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 4707556 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 1255620 | 12 |
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