MVP had a cracking day today, up 9%. I don't do technical analysis, but it just felt like it was oversold and is now heading back to it's comfortable level of $5-$5.30.
If you're interested in my thoughts, I wrote up an article on A Rich Life. I firmly believe that there is significant upside potential with the new management and the roll-out of Penthrox.. but, if they can't drive those international sales through improved distribution, well watch out below. Anyway, you can link on the article below. Not that I ever thought I could move the market, but just to be clear the price movement obviously has nothing to do with this article, as it was published near the end of trading.
https://arichlife.com.au/medical-developments-international-asx-mvp-providing-an-alternative-to-opioid-addiction/
Apologies for the twitter post above, HC hates Twitter and freaks out if you try to link it. Anyway, that was my research from March when I first initiated a position.
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Last
39.5¢ |
Change
-0.010(2.47%) |
Mkt cap ! $34.09M |
Open | High | Low | Value | Volume |
40.5¢ | 41.0¢ | 39.5¢ | $30.16K | 75.23K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 13630 | 39.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
42.0¢ | 2741 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 13630 | 0.395 |
2 | 28655 | 0.390 |
5 | 10273 | 0.385 |
6 | 40250 | 0.380 |
4 | 20448 | 0.375 |
Price($) | Vol. | No. |
---|---|---|
0.420 | 2741 | 2 |
0.425 | 12983 | 1 |
0.430 | 8245 | 1 |
0.435 | 2300 | 1 |
0.440 | 6818 | 1 |
Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
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