Notably, taking into account PBT's % fall today, it has really only brought it back into line with NEU's current market cap - despite the dramatic 75% fall.
PBT's market cap @ 25c is c.111m, NEU @ 8c is c.$123m and our Ph2 trial's havent failed (yet). So one could argue that our theoretical blue sky remains intact, whereas PBT's is now somewhat cloudy. On a like for like, NEU is either now far more compelling, or PBT was just far too expensive relative to the risk.
Eitherway, I think of these sell-off's like a good bushfire - you need one every so often for the overall health of the forest. In this case, the deadwood are the speculators.
Notably, taking into account PBT's % fall today, it has really...
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Last
$20.10 |
Change
-0.620(2.99%) |
Mkt cap ! $2.569B | |||
| Open | High | Low | Value | Volume |
| $20.41 | $20.45 | $19.92 | $5.947M | 296.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 999 | $20.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.19 | 10 | 1 |
View Market Depth
| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| NEU (ASX) Chart |