Good post Centurione.
For what its worth, I believe the market is rating PRR down because it is realised that their pivotal study is well behind timelines.
Longer timeline = more cash burn = more chance for competition to arise = longer wait for a return.
IMO even if you believe whole heartedly in this stock, you could sell now, put your cash to work elsewhere and re-enter in 12-18 months time at a similar level.
Good post Centurione.For what its worth, I believe the market is...
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Last
33.5¢ |
Change
0.010(3.08%) |
Mkt cap ! $486.6M | |||
| Open | High | Low | Value | Volume |
| 32.5¢ | 33.5¢ | 32.0¢ | $584.2K | 1.787M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 311433 | 33.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.5¢ | 113721 | 6 |
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| Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
| IMM (ASX) Chart |