Interesting question.
No-one can predict with any certainty which way it will go.
The short-term bear case is that ~166m shares were issued recently at .05c per share. Those who believe the stock market will fall due to geopolitical, macroeconomic and the fallout of the failures of Chinese Property Developers, may have a strong incentive to realise profits.
The short-term bull case is that the co is presenting to US investors tomorrow at 7.45 AEDT, while the US stock market futures are pointing green. This may lead to an up day tomorrow.
The long-term bull case is the company is now in stage 2B of their trials and results should be in within 1 to 1.5 years.
For LT holders like me, we compare the downsize risk to the upside potential. Since 1c down is < at least .95c up, we weather the machinations in the SP and the overall market.
Interesting question. No-one can predict with any certainty...
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Last
7.7¢ |
Change
0.004(5.48%) |
Mkt cap ! $69.41M | |||
| Open | High | Low | Value | Volume |
| 7.3¢ | 7.7¢ | 7.3¢ | $40.33K | 536.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 7.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.7¢ | 79999 | 1 |
View Market Depth
| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
7.6¢ |
Change
0.004 ( 5.56 %) |
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| Open | High | Low | Volume | ||
| 7.5¢ | 7.6¢ | 7.4¢ | 32400 | ||
| Last updated 14.37pm 02/05/2024 ? | |||||
| PER (ASX) Chart |