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
0.4¢ |
Change
-0.001(20.0%) |
Mkt cap ! $25.69M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.4¢ | $76.49K | 15.36M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 32 | 21389999 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 11516796 | 1 |
View Market Depth
| Last trade - 16.10pm 27/05/2024 (20 minute delay) ? |
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Last
0.4¢ |
Change
-0.001 ( 20.0 %) |
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| Open | High | Low | Volume | ||
| 0.5¢ | 0.5¢ | 0.4¢ | 637194 | ||
| Last updated 15.59pm 27/05/2024 ? | |||||
| IVX (ASX) Chart |