I don't think current price fully reflected the significance of the announcement, the independent committees do not make this kind of recommendation lightly, it's not only made FDA approval almost certain, more importantly imho it indicated the superiority of Technegas to alternatives and rapid market expansion after the approval. Have a look at the CEO's take about the announcement:
https://www.finnewsnetwork.com.au/archives/finance_news_network286908.html
Ann: Technegas USA Trial Successfully Meets Primary Endpoint, page-14
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Last
95.0¢ |
Change
0.025(2.70%) |
Mkt cap ! $105.5M | |||
| Open | High | Low | Value | Volume |
| 92.5¢ | 97.5¢ | 92.0¢ | $80.23K | 85.21K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1076 | 93.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 97.5¢ | 3000 | 1 |
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| Last trade - 15.58pm 25/06/2025 (20 minute delay) ? |
| CYC (ASX) Chart |