Imagine if they come out of ferret testing suggesting that if covid infection has set in and recce compound is given by nasal spray it all goes away?? I would think based on previous updates there might even be a market for same thing for influenza as they showed efficiacy there originally?? happy days.
I would imagine the only reason it is down is because it was trying to push through 1.40 resistance only a few weeks ago. I get the impression 1.60 was going to be next resistance level but it went straight through that on news. Many saw 1.80 as longer term target and it also hit that level. I guess it is just setting and testing the lower support level now before going back to re test recent high. It will probably need more news to break 1.80. I wonder if skin/ topical trial starting will be enough to do that.
Either way, right now they are in an amazing position with 150 mil shares only on issue and sp $1.50+. Even a cash raise will not be scary and certainly not very dilutive. No reason they cant even raise at a premium if news keeps flowing.
RCE Price at posting:
$1.61 Sentiment: Buy Disclosure: Held
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