3c M/C $18m going to 20c M/C $120m in 150 days, page-49

First 49 Last

Share
Profile

Follow
whiteox

170 Posts.

13

26/03/21

17:19

Post #: 52073168
Share
Originally posted by TerribleTadpole: ↑

There won't be any results until some time after the trials actually begin. That hasn't happened yet. In fact the company hasn't even announced any plans around the trial: no partner, no enrolment criteria, no starting time frame. Try not to get ahead of yourself.

I've observed these inexplicable spikes with other Brian Leedman stocks. If the same pattern plays out here the two most likely scenarios are:
ASX issues a price query, the company responds that there is no news, the share price will rapidly retrace to 7c.
The company releases a non-material announcement with some vague parameters around the next trial or a new line of investigation, volume will spike without the price moving more than a few points, the share price will retrace to 7c.

In my opinion the third and least likely outcome is that the company will announce something material and the new price will stabilise, possibly with a long gradual retrace if there is no follow-up news. I'm not aware of anything in the pipeline that could possibly be considered material at this stage, especially given the lack of concrete plans for starting a new trial.

Expand

Why would the ASX issue a price query on a 9% share price rise? I would have thought this would occur regularly.

They announced in Mar 2 release that phase 1/2 human clinical trials through Monash Children’s by end of Q1, 2021. Maybe this is having effect on share price, which again I would expect as a normal resultant effect.
NTI Price at posting: 8.2¢ Sentiment: Hold Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

AI stocks: What to expect in 2024-25

CTT

Cettire shares jump on FY24 revenue growth up 80% vs pcp – but stock still badly bruised

ATH

Trial for Alterity's neurodegenerative drug ATH434 shows reduced disability

LRL

Labyrinth shares rocket by 219% on news of Comet Vale and Vivien gold project acquisitions

NWC

New World Resources inks complete PFS for Antler Copper Project in Arizona, USA

There are more pages in this discussion • 1 more message in this thread...

First 49 Last

Add NTI (ASX) to my watchlist

(20min delay)
Last 7.9¢		Change 0.001(1.28%)		Mkt cap ! $80.37M

Open	High	Low	Value	Volume
7.8¢	8.0¢	7.8¢	$53.93K	683.7K

Buyers (Bids)

No.	Vol.	Price($)
2	162328	7.8¢

Sellers (Offers)

Price($)	Vol.	No.
7.9¢	115820	2

View Market Depth

No.	Vol.	Price($)
2	162328	0.078
2	100000	0.077
3	111764	0.076
2	110000	0.075
2	200000	0.074

Price($)	Vol.	No.
0.079	115820	2
0.080	100000	1
0.081	32000	1
0.085	80000	1
0.088	108000	1

Last trade - 15.43pm 17/07/2024 (20 minute delay)

NTI (ASX) Chart

3c M/C $18m going to 20c M/C $120m in 150 days, page-49

AI stocks: What to expect in 2024-25

Cettire shares jump on FY24 revenue growth up 80% vs pcp – but stock still badly bruised

Trial for Alterity's neurodegenerative drug ATH434 shows reduced disability

Labyrinth shares rocket by 219% on news of Comet Vale and Vivien gold project acquisitions

New World Resources inks complete PFS for Antler Copper Project in Arizona, USA

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

3c M/C $18m going to 20c M/C $120m in 150 days, page-49

Top Stories

AI stocks: What to expect in 2024-25

Cettire shares jump on FY24 revenue growth up 80% vs pcp – but stock still badly bruised

Trial for Alterity's neurodegenerative drug ATH434 shows reduced disability

Labyrinth shares rocket by 219% on news of Comet Vale and Vivien gold project acquisitions

New World Resources inks complete PFS for Antler Copper Project in Arizona, USA

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News