BIT 3.13% 3.1¢ biotron limited

this could be dynamite //////////, page-2

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    While Volante got in ahead of the ASX speed police on Friday -
    in a day of many ASX queries, by the way - BIOTRON (BIT) came up with
    one of the most helpful replies.
    It said it was not aware of any information which could explain
    the rise from 20c on Thursday to 28.5c on Friday.
    However, the company said, "It is possible that the price change
    in the securities of the company is a recognition by the market of the
    significance of the latest results which demonstrated that BIT225,
    Biotron's lead compound which progressed recently into a clinical
    development program, is able to improve the activity of current HIV
    therapies.
    "These recent studies, independently performed by Southern
    Research Institute of Maryland, USA, are significant as they indicate
    that the company's compound will be complementary to existing HIV
    treatments regimens.
    "These latest BIT225 results are further evidence that Biotron's
    anti-HIV therapy will play a critical role in HIV treatment.
    "As previously reported, BIT225 is active against strains of HIV
    that are resistant to existing drugs.
    "Discovery and development of new anti-HIV-1 drugs that attack
    different parts of the virus life cycle is essential in the continuing
    fight against resistance."
    If that's the case then the "recognition" took a long time to
    materialise because the shares fell from 20c to 17.5c after the November
    30 announcement.
    Biotron closed off the top at 25c, up 3c, as turnover soared to
    1.7 million shares, a fivefold increase on recent averages.
 
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Last
3.1¢
Change
-0.001(3.13%)
Mkt cap ! $27.97M
Open High Low Value Volume
3.1¢ 3.1¢ 3.0¢ $7.106K 236.2K

Buyers (Bids)

No. Vol. Price($)
5 849906 3.0¢
 

Sellers (Offers)

Price($) Vol. No.
3.3¢ 361155 3
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Last trade - 10.38am 30/07/2024 (20 minute delay) ?
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