I am new to this site. I have been watching this stock for a while as there appears to be some potential here, however it has seemed to struggle lately. Reading the latest cash position, I can only assume that a capital raising is highly likely in the short term (i.e. $10 million cash burn last year and 30 June 2015 cash position of a bit over $2 million)0 I also note they have maxed out a small loan facility ($1 million). For those with more experience in these types of speculative biotech's is this a valid assumption? Or am I missing something?
Cash position
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Last
0.6¢ |
Change
0.001(20.0%) |
Mkt cap ! $38.54M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.6¢ | 0.5¢ | $5.101K | 850.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2721876 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 10596414 | 13 |
View Market Depth
| Last trade - 12.33pm 13/05/2024 (20 minute delay) ? |
| IVX (ASX) Chart |