The key here is the time to market. It took 8 months to completely transfer technology to Operon. This could have contributed to the delay in getting Covid test approved. No time to waste when we are battling a pandemic.
I believe the SP has reached this level on Covid hype alone. Battery news will have minimal impact considering our market cap now. The market is expecting news on sales contracts. None has been forthcoming. It will now stay at this level or drift towards 26c until contracts are announced. 26c is now a strong support IMO.
Ann: EuGeni Test Strip Manufacturing Strategy, page-54
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Last
2.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $49.79M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.1¢ | 2.0¢ | $3.965K | 195.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 1417631 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 95237 | 1 |
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| Last trade - 14.20pm 11/10/2024 (20 minute delay) ? |
| ADO (ASX) Chart |