Not sure what the issue is, perhaps insiders selling their shares that they got at a ridiculously low price. Yeh I guess there is a small risk of not getting to Phase 3, but had good feedback on their product so hopefully can get some sales next year to help pay for Phase 3. I have never seen a company trade at this bigger discount to net cash. Any positive news will be welcomed by the market as the share price has a lot of negativity built into the share price.
-$10mil EV, page-3
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Last
38.0¢ |
Change
-0.050(11.6%) |
Mkt cap ! $22.97M | |||
| Open | High | Low | Value | Volume |
| 40.0¢ | 42.0¢ | 35.0¢ | $929.9K | 2.389M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 74487 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 1426 | 1 |
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| TRP (ASX) Chart |