I don't see it under pressure at all myself.
The last week has seen steady trade keeping it at 7 to 14% above the CR price and trading volumes less than a 5th than when Sofdra got FDA approval and the CR was announced. What we see here is entirely normal following a cap raise at a price less than where it sits presently. Now if the volumes we up in the 30/40/50m then possibly there'd be some pressure, but what we see presently is just BAU waiting for the next announcement, following a 30c cap raise. But each to their own opinion.
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Ann: FDA Approves Sofdra, page-505
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Last
31.0¢ |
Change
-0.050(13.9%) |
Mkt cap ! $561.1M |
Open | High | Low | Value | Volume |
35.5¢ | 36.0¢ | 30.8¢ | $5.995M | 18.12M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 311214 | 31.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
31.5¢ | 203760 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 311214 | 0.310 |
13 | 412202 | 0.305 |
23 | 516115 | 0.300 |
4 | 520460 | 0.295 |
4 | 180288 | 0.290 |
Price($) | Vol. | No. |
---|---|---|
0.315 | 203760 | 3 |
0.320 | 50000 | 1 |
0.325 | 129900 | 2 |
0.330 | 32852 | 1 |
0.335 | 615385 | 4 |
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