Normally ANP trades around $10 m when no results are imminent, as it is always cum a capital raising.
It is trading better this time with a $20m mkt cap, but this does seem a little light on given the number of files in the fire, given the ISIS validation, and given its ability in the past to get commercial partners.
Cash getting low, multiple projects underway that cost money, that's how the mkt will be thinking.
I still have memories of the day it spiked to over $100m mkt cap in Feb 2010 for about 2 hours, yes that spike is real on the charts. There was no real reason at the time, except a steady stream of positive patent approvals and things, that eventually took it higher. I expect something simiar as the positive news flow builds over the next months.
ANP Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
