I just can't see how the share price wouldn't spike on approval, particularly with the short squeeze as a result.
I suspect shorters are there more to profit from rejection, than hoping that approval won't lead to a price rise. If CUV get access to the US market then the current share price will look pretty cheap in a year or so once they hit full stride (probably less than that, given they'll be ready to pull the sales trigger immediately, and will likely have plenty of doctors/patients who are already aware of the product).
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Last
$15.27 |
Change
-0.090(0.59%) |
Mkt cap ! $762.4M |
Open | High | Low | Value | Volume |
$15.30 | $15.55 | $15.13 | $315.3K | 20.65K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 35 | $15.27 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$15.28 | 20 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 45 | 15.270 |
1 | 85 | 15.250 |
3 | 145 | 15.240 |
4 | 436 | 15.230 |
4 | 265 | 15.220 |
Price($) | Vol. | No. |
---|---|---|
15.280 | 9 | 3 |
15.290 | 22 | 5 |
15.300 | 112 | 2 |
15.310 | 291 | 5 |
15.320 | 204 | 4 |
Last trade - 12.09pm 18/07/2024 (20 minute delay) ? |
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CUV (ASX) Chart |