IVX 20.0% 0.4¢ invion limited

Cash position

  1. 252 Posts.
    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?
 
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Last
0.4¢
Change
-0.001(20.0%)
Mkt cap ! $25.69M
Open High Low Value Volume
0.4¢ 0.4¢ 0.4¢ $5.78K 1.445M

Buyers (Bids)

No. Vol. Price($)
30 12797949 0.4¢
 

Sellers (Offers)

Price($) Vol. No.
0.5¢ 7472779 27
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Last trade - 14.20pm 28/06/2024 (20 minute delay) ?
IVX (ASX) Chart
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