It looks like the forced sellers and other sellers not prepared to wait for our payday have exited the register .Currently buyers outweigh sellers 5 to 1 .It looked like some serious buying came in yesterday and I think the stock has found the bottom and will continue to rise from here.I have had another close read of the company’s Investor update of the 7th of August and two things stood out for me.
1.They have plenty of money in the bank and have now deferred the settlement of the Lanstead’s sharing agreement money for 120 days .
2.I don’t think the market truly appreciates NNZ-2591.In their update they stated that NNZ-2591 has demonstrated efficacy in models of Parkinson’s disease,stroke,traumatic brain injury,Fragile X syndrome,memory impairment and multiple sclerosis and that they now have funds to accelerate development .
Buyers v Sellers
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 (20min delay)
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Last
$16.57 |
Change
2.170(15.1%) |
Mkt cap ! $2.117B | |||
| Open | High | Low | Value | Volume |
| $14.85 | $16.67 | $14.60 | $24.77M | 1.544M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1500 | $16.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.57 | 1717 | 1 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| NEU (ASX) Chart |