The trading halt concerns the release of 1200 mg trial data from DARRT-1. My guess is that the trading halt was designed to prevent anyone with price-sensitive information taking advantage of existing shareholders by buying their shares at low prices.
We have seen this before, particularly if conference organisers demand that price-sensitive data be released exclusively to their meeting. A massive spike in price and volume recently occurred in the US when good trial results were described in a poster that could be found online, before presentation. While some might applaud those who took advantage of their information, I feel sorry for the shareholders who sold, not knowing the full story.
The release of 1200 mg DARRT data is a significant milestone for Noxopharm. The Trading Halt suggests that the data will indeed be price-sensitive. Bring it on!
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Last
7.2¢ |
Change
0.002(2.86%) |
Mkt cap ! $21.04M |
Open | High | Low | Value | Volume |
7.2¢ | 7.2¢ | 7.2¢ | $1.367K | 18.99K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 72463 | 6.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.2¢ | 8810 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 14000 | 0.068 |
1 | 1672 | 0.066 |
1 | 15000 | 0.065 |
1 | 79000 | 0.063 |
1 | 100000 | 0.062 |
Price($) | Vol. | No. |
---|---|---|
0.072 | 8810 | 1 |
0.074 | 50000 | 1 |
0.076 | 4999 | 1 |
0.079 | 12000 | 1 |
0.080 | 100000 | 1 |
Last trade - 15.33pm 26/07/2024 (20 minute delay) ? |
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