Biotron released an announcement re. Coronavirus. It basically said that it may have a compound to cure the virus and was currently doing it tests. This also coincided with a few interviews with MM.
this increased activity drew a bunch of day traders to the stock who pumped up the price, and are now taking profits.
I would expect the the price to spike again once (if) BIT release a positive update about the testing.
They also have a major conference next month, during which they will be showcasing the findings from last years 2nd clinical trial of BIT225.
I would expect a yo-yo share price over the next month. BIT have a really opportunity to use all this as a catalyst to secure a deal or funding for a 3rd clinical trial.
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Last
5.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $48.72M | |||
| Open | High | Low | Value | Volume |
| 5.2¢ | 5.4¢ | 5.2¢ | $2.393K | 44.94K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19600 | 5.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.6¢ | 188178 | 2 |
View Market Depth
| Last trade - 15.15pm 03/05/2024 (20 minute delay) ? |
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Last
5.4¢ |
Change
0.000 ( 3.85 %) |
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| Open | High | Low | Volume | ||
| 5.4¢ | 5.4¢ | 5.2¢ | 120722 | ||
| Last updated 15.15pm 03/05/2024 ? | |||||
| BIT (ASX) Chart |