This current run has all the hallmarks of what IMU and RAC experienced going from their respective lows to their speculative highs. Fundamentally, PAR is similar in many respects.
With enough funds to see PAR through to mid-2023 and only ~ 35 mill needed to see iPPS through to registration, PAR is currently one of the best biotech plays on the ASX and should start to attract the attention of the usual bag chasers to this stock.
Taking into account the reduced liquidity after being kicked out of the ASX 300 and the possibility that short sellers are not yet covering their positions, it's very much possible the SP could be well over $5 after 008 results drop.
My views only, dyor, not advice
This current run has all the hallmarks of what IMU and RAC...
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Last
24.5¢ |
Change
-0.015(5.77%) |
Mkt cap ! $85.70M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 26.0¢ | 24.5¢ | $265.4K | 1.050M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 130186 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 11571 | 1 |
View Market Depth
| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| PAR (ASX) Chart |