PTX is probably one of the simplest stocks I hold. With $9.6m cash as at last Q they are cash backed to 2.4c per share. If they royally screw up on PTX-200 then you probably lose 50% or so before getting to the door, quite likely less given that they would still have PTX-100. By bio standards I'd consider this 'safe'
On the other had you have a number or irons in the fire, a successful result from any could be the initiator for a 5-10 bag run
PTX-200 - BREAST CANCER (Ph2 pt1 readout Q4 2019)
PTX-200 - AML (Ph1b readout Q3/Q4 2019)
PTX-200 - OVARIAN (Ph1b readout Q4 2019)
PTX-100 - RhoA & Ras MUTANT CANCERS (Ph1b readout Q2 2020)
While it's not one I will mortgage the house for it's pretty compelling as a risk v's reward play down here.
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 456872 | 3.9¢ |
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Price($) | Vol. | No. |
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4.1¢ | 66952 | 1 |
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8 | 456872 | 0.039 |
12 | 1469182 | 0.038 |
2 | 103515 | 0.037 |
5 | 429500 | 0.036 |
5 | 313576 | 0.035 |
Price($) | Vol. | No. |
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0.041 | 66952 | 1 |
0.042 | 380000 | 3 |
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