"Also, as I have said before, only a very limited amount of institutions would have a mandate to invest in a company like PRR. Again the vast majority of these investors are knowledgable in the bio space, and are looking for multiple sp increments to justify the early stage risk."
I would like to agree with you on these points here Chawkey but I really doubt there are many insto's in our market who know this company well.
12.5mil shares @ 32c locks in 500k profit. Insto's like Ord would jump at these profits in a heartbeat... this company also widely publicised for stepping outside their mandate.
I hold long and hope I'm proven very wrong. I just find it a little too coincidental that a nicely leaked & pumped up announcement is presented the day before 75mil is placed in the hands of these people.
Tomorrow will tell.
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Mkt cap ! $493.8M |
Open | High | Low | Value | Volume |
34.0¢ | 34.0¢ | 32.5¢ | $1.317M | 3.935M |
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---|---|---|
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11 | 193888 | 0.320 |
1 | 25000 | 0.315 |
2 | 35400 | 0.310 |
5 | 103336 | 0.305 |
Price($) | Vol. | No. |
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0.340 | 674262 | 1 |
0.345 | 179754 | 4 |
0.350 | 527571 | 5 |
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0.360 | 51000 | 2 |
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