It will be interesting to see how much the ASX drops today. The NASDAQ is really the index taking the hit. It’s got all the bubbles and cryptos. Out bios like IMU have very low valuations by US standards.
PH copped a lot of flak over the $90m cap raise, but it’s at timeline these having $120M in cash really pays off. During the GFC most of the Bios had not fat to survive. Doing cap raises in this climate really kills a stock. Locks in the low shareprice for a long time.
Certainly going to be interesting to watch. The shorters got stuck into IMU before the market correction got underway which had exacerbated the drop. So now it’s time to watch when the money sees opportunity and comes back in.
News from CF33 breast cancer trial can’t be too far away. The third patient is probably already receiving treatment. That’s the jewel in the crown.
From the Professor ..., page-15
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Last
5.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $379.2M | |||
| Open | High | Low | Value | Volume |
| 5.2¢ | 5.2¢ | 5.0¢ | $1.098M | 21.50M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 97 | 7481668 | 5.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.1¢ | 1703097 | 4 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| IMU (ASX) Chart |