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
I don't think current price fully reflected the significance of...
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Last
$1.44 |
Change
0.055(3.99%) |
Mkt cap ! $155.3M | |||
| Open | High | Low | Value | Volume |
| $1.40 | $1.48 | $1.40 | $290.0K | 203.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6992 | $1.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.53 | 7000 | 1 |
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| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
$1.43 |
Change
0.055 ( 3.64 %) |
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| Open | High | Low | Volume | ||
| $1.40 | $1.48 | $1.39 | 252588 | ||
| Last updated 15.59pm 31/05/2024 ? | |||||
| CYC (ASX) Chart |