GOT TO LOVE the asx. FDA approval for a drug and the price will go down.
This is a clown show.
See the news headlines now. 1st new chemical entity for treatment of AH approved by FDA- amazing achievement by Australian company. Shares down 10%. Doesn’t really pass the pub test. Approval of FDA derisks a company and should have a significant re-rate upwards. No wait but you aren’t generating revenue - you have to be making money in order for the share price to appreciate. Wait that isn’t enough money! Asx biotech special.
Ann: Botanix $70 Million Institutional Capital Raising, page-88
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Last
34.5¢ |
Change
-0.020(5.48%) |
Mkt cap ! $543.4M | |||
| Open | High | Low | Value | Volume |
| 35.5¢ | 35.5¢ | 34.0¢ | $4.566M | 13.13M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 410003 | 34.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.0¢ | 346713 | 8 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| BOT (ASX) Chart |