You're looking at it in the wrong way imo. Before the announcement, the stock was trading at 80c for a AUD$130 million market cap. It has added 50% since the announcement or AUD$66 million. So where you say that 2/3 of the current market cap (AUD$126 million) is linked to the most recent news, the market only assigns 1/3 of the market cap to the news (AUD$66 million).
I do however agree that the deal is worth more than the AUD$66 million added in market cap as it completely derisks the story and it now presents a low risk way to play the Alzheimer story as it will benefit from ongoing clinical research / trials, ALZ commercialization, etc.
You're looking at it in the wrong way imo. Before the...
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Last
$1.16 |
Change
-0.020(1.70%) |
Mkt cap ! $197.2M | |||
| Open | High | Low | Value | Volume |
| $1.18 | $1.19 | $1.15 | $101.3K | 87.10K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15135 | $1.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.17 | 5670 | 1 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| CGS (ASX) Chart |