We have seen these large volume days happen every 3 to 6 months for a while now. Interesting to note that the 19million shares on the buy side hasnt changed while over 5 million shares have traded. There has been a small number of cross trades, but nowhere near enough to explain the off market trades happening.
These high volume days normally coincide with a market news release.
Three trials hitting arms now. Another to start soonish. All novel drugs against unmet needs. Market cap $21 million, over half of which is money in the bank. I haven't seen this before. The expansion trial could possibly be the catalyst for a fast track approval trial for the GBM drug. This could happen before end of CY24 if recruitment goes ok. It would only have to replicate the phase 1a trial results to achieve this.
There would appear to be incredible value here.
CHM Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
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