I think you are right that they have their reasons for selling. From an FA perspective, I have a theory we are seeing some low volume selling due to smaller investors who may not do heavy DD on each announcment. As the selling began after the 4C release, I hazard a guess that those who only skim read would have seen that there are only 3Q of funding according to the 4C. They would expect another imminent CR or would consider the company's cash position too high of a risk.
Of course the reality is the burn rate was higher due to payments for upcoming trials and are not indicative of running costs in each quarter. They may not also be aware of the 'baked-in' CR that will take place at a higher price within 10 months assuming trial results go well. These are factors that all holders here are aware of, but not necessarily everyone is as 'invested' as those here.
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Last
$1.63 |
Change
-0.030(1.81%) |
Mkt cap ! $278.6M |
Open | High | Low | Value | Volume |
$1.67 | $1.67 | $1.62 | $142.3K | 86.99K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 5779 | $1.63 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.64 | 2300 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 5779 | 1.625 |
3 | 4400 | 1.620 |
1 | 8347 | 1.610 |
4 | 12373 | 1.605 |
6 | 28315 | 1.600 |
Price($) | Vol. | No. |
---|---|---|
1.640 | 2300 | 1 |
1.650 | 900 | 1 |
1.655 | 1163 | 1 |
1.660 | 4075 | 1 |
1.670 | 5000 | 1 |
Last trade - 13.50pm 10/09/2024 (20 minute delay) ? |
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