Another day, another 52-week low. Market Cap at $65 million, with ~$17-ish million in the bank. Maybe a much more reasonable valuation now? Lesson learned.
I’m not seeing any signs it’s slowing down. I wonder when we’ll finally end with capitulation. Having so much cash is great, but legal proceedings hanging over till Feb 2023 is going to be an ongoing issue. No confidence to be found from insider or institutional buying, either.
On the other hand, if biotech swings back into favour, this one could be attractive in the short-term due to cash levels.
Next support at 60¢ ish do you all reckon?
Chart Thread, page-1491
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 (20min delay)
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Last
58.0¢ |
Change
0.025(4.50%) |
Mkt cap ! $61.20M | |||
| Open | High | Low | Value | Volume |
| 57.5¢ | 58.0¢ | 57.0¢ | $53.14K | 92.55K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10066 | 57.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 57.5¢ | 10242 | 2 |
View Market Depth
| Last trade - 14.36pm 27/06/2024 (20 minute delay) ? |
| IIQ (ASX) Chart |