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2.56% 4.0¢ neuroscientific biopharmaceuticals ltd

Wasa,Apologies, NED meaning non-executive director.Well, current...

  1. Ahmed
    853 Posts.
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    23/05/23
    21:40
    Post #: 67926658
    Wasa,

    Apologies, NED meaning non-executive director.

    Well, current EV is sub $10M. Despite, the difficult time biotech globally (incl Aus) has had over the last 2-3 years, this is very cheap for a NCE Phase 1 asset addressing some very large clinical indications.

    Before the recent issues they had, it was comfortably trading above 20c (peaked around 50c in the lead up), and I believe deserves to at least get back there once Phase 1 initiation is in sight.

    GLTA,
    A.
    NSB Price at posting: 9.9¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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