VWAP .272, no stock appreciates in a straight line and IMO this is not the end of the current re-rate.
If someone was to show me a NASDAQ listed biotech stock with the most advanced products pipeline in the world for the theraupetic applications of a particular molecule - which happens to be a molecule with one of the most exciting potential for applications of the last 50 years (!) - and I'd find out that this stock had -as for today - a MC of $138m USD, I 'd be rushing it to buy it. But the chances of that happening in the USA are slim, they'd know exactly how much a biotech like that would be worth.
It's the usual 'cringe de fringe' that dogs any good Australian story.
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