Lets be honest - share price reflects people piling in on the hope of positive Ph 2 results giving the share price a blip, following which they will sell out; but because long term holders arent selling (due to their level of confidence) its forcing the price up. its not a leak or takeover, its people buying on the rumour/expectation. It happens every pre clinical trial result for every bio tech
Issues
- when there is positive Ph 2 results, the price already reflects a good proportion of that result so not much further increase (and then perhaps even a decrease as everyone sells out)
- bigger drop if Ph 2 isnt as expected
But if it goes up another 0.82c then that makes it a 10X for me, so not complaining!
Lets be honest - share price reflects people piling in on the...
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$16.54 |
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Mkt cap ! $2.114B | |||
| Open | High | Low | Value | Volume |
| $16.94 | $17.02 | $16.38 | $10.33M | 620.5K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5061 | $16.52 |
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| Price($) | Vol. | No. |
|---|---|---|
| $16.62 | 1284 | 1 |
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