From MST today:The OPT share price is continuing to digest the...

From MST today:

• The OPT share price is continuing to digest the recent capital raise, turning over significant volume and presenting an attractive near term buying opportunity…
• We have seen a bit of tax loss selling weigh on the stock, which should abate over the next week.
• We also saw this reaction to OPT’s previous capital raise as well as the recent raising for CU6 (figure 1 & 2).
• This stock has one of the clearest valuation catalysts in small cap biotech… the Phase 3 readout will be one of the biggest events in biotech globally in CY25. We anticipate a rerate into this event, and you want to be on the register before it tightens in the leadup to the data.

Figure 1: OPT share price whilst digesting previous capital raise then subsequent rerate (source Bloomberg)

Figure 2: CU6 share price whilst digesting the capital raise then subsequent rerate (source Bloomberg)

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