I agree, I like the way you think!haha Such strong buying actions in the fast 2 days, while 95% stocks are red. Insider trading happens to all companies, let's be honest.
I just checked the CFDA official website. The last updated list of infant formula CFDA approvals was on 23 February, exactly 1 month ago. Usually there's a new list of companies which gets CFDA approval every week. So it should be a longer list this time. Sometimes it's published on Friday, it's only 12:05 in China right now so news might come soon if they have got CFDA approval. A trading halt ensures that information asymmetry doesn't happen. Or those who can read Chinese can just buy tons of shares while most Australians have no idea what's happening, would be unfair.
Although it's a bit too fast ? it's 3 months before July (their estimated time). lol Of course I don't mind early approval. But even if it's just good news of the update will be nice too. I'm patient.
CFDA website : http://www.sda.gov.cn/WS01/CL1199/
IMHO DYOR GLTA
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Last
77.5¢ |
Change
0.025(3.33%) |
Mkt cap ! $64.53M |
Open | High | Low | Value | Volume |
75.0¢ | 77.5¢ | 75.0¢ | $18.16K | 24.17K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 321 | 75.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
78.0¢ | 70000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 321 | 0.750 |
1 | 3846 | 0.650 |
1 | 17500 | 0.645 |
1 | 1650 | 0.600 |
1 | 11888 | 0.590 |
Price($) | Vol. | No. |
---|---|---|
0.780 | 70000 | 2 |
0.800 | 22550 | 3 |
0.805 | 18000 | 2 |
0.820 | 42584 | 2 |
0.830 | 908 | 2 |
Last trade - 13.19pm 07/10/2024 (20 minute delay) ? |
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