As for the drop ion SP -
With such a low number of shares on issue - the price can rise/fall significantly quite with small volumes.
IMO - someone has sold down to “free carry” before the unknown results of the Phase 3 trail are announced.
A very risk adverse strategy that makes short term financial sense - but can exponentially reduce potential future earnings on positive news and subsequent SP re-rate.
I dont think the Nvidia or greater global context has anything to do with LTP SP (other than putting fear into investors).
As@Wiji suggests - can be viewed as a 20% discount for those looking to accumulate.
As for the drop ion SP - With such a low number of shares on...
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Last
29.5¢ |
Change
0.015(5.36%) |
Mkt cap ! $33.58M | |||
| Open | High | Low | Value | Volume |
| 28.5¢ | 30.5¢ | 28.5¢ | $91.29K | 311.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5020 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 12255 | 2 |
View Market Depth
| Last trade - 14.43pm 20/06/2025 (20 minute delay) ? |
| LTP (ASX) Chart |