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81.5¢ argenica therapeutics limited

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Topboy1

459 Posts.

17

05/04/23

08:35

Post #: 67139619
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Originally posted by Aki23: ↑

Hi All, I have been researching this stock,
I dont have much experience in healthcare stocks, but this looks like this could have some good potential.

I have few questions if someone could help,

First, can someone please explain from experience in this space what is the likelihood of a deal (license/takeover ) being done after phase 1 or do companies need to see phase 2 data before showing some interest?

Can someone please post some links or past deals in the stroke space in order for me to understand what the landscape looks like. I couldn't find much, hence the request.

Secondly, I dont see this stock having much of a re-rating when it completed its phase 1 (it hit $1 before it completed phase 1). In most cases healthcare stocks should pass their all time highs, I am surprised that this didn't have much of a movement. Any guesses why?

Lastly what is the likelihood of a cap raise ?

Thanks
Aki.

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I don't think a TO will happen until at least phase 2 completion and a CR is possible for phase 2! I'm new to biotechs but i suspect a rerate will happen as AGN progresses to phase 2 with good results.

AGN Price at posting: 45.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 81.5¢		Change 0.025(3.16%)		Mkt cap ! $103.6M

Open	High	Low	Value	Volume
81.0¢	81.5¢	79.0¢	$61.36K	76.96K

Buyers (Bids)

No.	Vol.	Price($)
1	64912	79.5¢

Sellers (Offers)

Price($)	Vol.	No.
81.5¢	374	1

View Market Depth

No.	Vol.	Price($)
1	64912	0.795
3	69853	0.780
2	30844	0.775
2	12406	0.770
2	58000	0.760

Price($)	Vol.	No.
0.815	374	1
0.830	14798	3
0.840	3571	1
0.850	620	1
0.860	650	1

Last trade - 16.10pm 02/09/2024 (20 minute delay)

AGN (ASX) Chart