IXC 0.00% 6.6¢ invex therapeutics ltd

80% of the float is held by long term investors waiting for the...

  1. 1,366 Posts.
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    80% of the float is held by long term investors waiting for the end result. If any insto wants a piece of the action before read out they will need need to up the ante to shake out a few more holders. That would happen around about CR price and they will start testing the waters a year out. Current fair value prior to new indication was about $2 imo (others had it higher). Now, you can double it and if FOMO kicks in pre-read out along with the general bio sentiment then it's $5 plus. Keep in mind on the ASX atm there are no easy plays and with winners harder to come by people are going to want to back a horse at 2-1 odds with a clear pay day (end of 2025). The fact that this didn't continue to run to $1 this week is ridiculous but this low volume pull back from day traders and a few more stale tax loss sellers will set it up nicely for the next run. We had a 50% run off of 700k of stock sold, imagine when they really come after it and find that no one is selling until read out. It's only a matter of time.
 
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Last
6.6¢
Change
0.000(0.00%)
Mkt cap ! $4.960M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
1 100000 6.2¢
 

Sellers (Offers)

Price($) Vol. No.
6.8¢ 10000 1
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Last trade - 16.12pm 12/07/2024 (20 minute delay) ?
IXC (ASX) Chart
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