The rise yesterday was likely just matching the U.S. trading overnight, where over 9 million shares were traded (900k ADSs). The closing price in the U.S. corresponded to about 0.29 here. Investors here can't really ignore such a large volume on another exchange.
Volumes in the U.S. have gone from pitiful to very large for five days straight now. Last night it was over 5 million shares (500k ADSs), but the price fell 10c to USD 2.17/ADS (= AUD 0.283/share), so I don't expect much to happen today.
Pezz
PSD
psivida limited
