Unsure exactly why it is so so unloved. Second half results will tell us a bit. PharmX is a cash cow so no income issues expected. Pharmacy software development has been slow and costs associated with trying to increase market share may be a worry. The legal case between PharmX and Fred IT (50% + owned by Telstra Health) is ongoing with the case being heard in October I believe. Bit like David an Goliath. Previous court decisions allowed Corum/PharmX to acquire Fred IT's 25% share on fairly generous terms which they would not have been happy with. Share price has dropped on incredibly low volumes but that can easily happen with a minnow stock.
Thought the announcement may have been considered price sensitive but the PharmXchange Platform is only being trialed at this stage.
Ann: PharmX Launches PharmXchange Platform, page-4
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Last
3.3¢ |
Change
-0.002(5.71%) |
Mkt cap ! $19.75M | |||
| Open | High | Low | Value | Volume |
| 3.7¢ | 3.9¢ | 3.3¢ | $20.63K | 578.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10934 | 3.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.7¢ | 125772 | 1 |
View Market Depth
| Last trade - 13.29pm 17/06/2024 (20 minute delay) ? |
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Last
3.6¢ |
Change
-0.002 ( 12.5 %) |
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| Open | High | Low | Volume | ||
| 3.6¢ | 3.6¢ | 3.6¢ | 16667 | ||
| Last updated 11.37am 17/06/2024 ? | |||||
| PHX (ASX) Chart |
