Mr Dasher, unfortunately the selling pressure is likely to be greater than buying for some time.
MSB was laden full of potential a few months back. It's now had a series of bad announcements, namely FDA rejection & failed trials. Massive blows to the Company & holders (I was one a few months back). Considering the market cap and recent bad news, a few 100 k buy orders isn't anything to write home about. it's hardly even worth posting about. it's been a devastating few months.
Too many are trying to manufacture good news out of a bad situation. No quicker way to lose your money, or more of it..
Based on news received and current market capitalisation, the share price has a long way to fall in my opinion. It's hard to justify a 1.3 billion market cap on hope. Their balance sheet will be stretched in 2021 with minimal revenue. They rolled the dice with COVID, & I don't blame them, but it appears to have failed along with other trials. When, if ever, will the FDA approve one of their products?
Unless there is a surprise positive result or partner, MSB has done the proverbial chocolates to boiled lollies..
GLTAH
Mr Dasher, unfortunately the selling pressure is likely to be...
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Last
$1.10 |
Change
-0.025(2.23%) |
Mkt cap ! $1.250B | |||
| Open | High | Low | Value | Volume |
| $1.13 | $1.16 | $1.04 | $14.57M | 13.49M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 21024 | $1.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.10 | 241 | 1 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| MSB (ASX) Chart |