I agree re good value, although for different reasons.
I think the result from here is binary:
(1) FDA approval there will be some sort of re-rate upwards (hopefully significant); or
(2) no FDA approval, its f*ct (can't see them being able to raise money when they run out Q3 or Q4 2024 without FDA in place).
I think this all turns on the USA.
Despite the binary outcome, I think its a good bet at this price given that:
(1) from the announcements this FDA process seems to be collaborative - i.e they are working with the FDA and aren't submitting until they are confident they will receive approval; and
(2) the re-rate on FDA approval should be significant from current levels (I'd like to think a SP in excess of $0.60 at a minimum), with significant momentum upwards if they can land some contracts shortly after.
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22.0¢ |
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Mkt cap ! $17.31M |
Open | High | Low | Value | Volume |
24.5¢ | 25.0¢ | 22.0¢ | $4.612K | 19.33K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 83865 | 22.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.0¢ | 12000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 68865 | 0.220 |
3 | 29500 | 0.215 |
1 | 93979 | 0.210 |
1 | 100000 | 0.205 |
5 | 154732 | 0.200 |
Price($) | Vol. | No. |
---|---|---|
0.250 | 2050 | 1 |
0.260 | 1360 | 1 |
0.270 | 1482 | 1 |
0.300 | 23056 | 2 |
0.320 | 4350 | 1 |
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