Even with the welcome appreciation in the company's share price over the past 3 weeks which has seen it jump to 2.7c from 1.4c, the company remains very undervalued.
With a current Market Cap. of just AUD$97million (USD$68 million), it should be remembered that we still have AUD$19million in CASH in the bank which effectively gives the company an Enterprise Value of just AUD$78 million.
If we were listed on the NASDAQ, a company with our IP, vaccine pipeline and management/scientific board would have a Market Cap. at least 3 times this!!!!
A share price of 4c by year end should be readily achieved given the pipeline of news still to come on the progress of all of the various vaccine trials, FDA approval, and the shareholder vote approving purchase of CF33.
This would give us a more realistic Market Cap. of AUD$145 million.
IMU still very undervalued
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Last
5.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $396.8M | |||
| Open | High | Low | Value | Volume |
| 5.4¢ | 5.4¢ | 5.3¢ | $339.4K | 6.365M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 895592 | 5.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.4¢ | 672708 | 10 |
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| Last trade - 16.10pm 28/08/2024 (20 minute delay) ? |
| IMU (ASX) Chart |