The EOFY rebalancing of portfolios hasn't been a great time for PTX to make an announcement (remember last year CellPryme-M in June shot the price up only for it to come crashing back down soon after?).
They've made some strategic appointments this year that give a very strong push that commercialisation is on foot for PTX-100 but I don't expect to see much come out from the company until after June 30. Meanwhile the SP has just drifted lower and lower, concerning when this is at a time they are building towards landing a deal, and whilst a concern is not a cause for alarm yet. Seems like a good time to hoover up a few loose hands in anticipation for some positive announcements to kick off over the next two quarters. The chart really gives nothing away at the moment, but if you start seeing volumes pick up through June then I would be thinking something is on the way deal wise.
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Open | High | Low | Value | Volume |
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5 | 445355 | 0.041 |
9 | 926898 | 0.040 |
7 | 597589 | 0.039 |
4 | 386382 | 0.038 |
5 | 570000 | 0.037 |
Price($) | Vol. | No. |
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0.043 | 268891 | 4 |
0.044 | 27665 | 1 |
0.045 | 843286 | 6 |
0.046 | 513200 | 2 |
0.047 | 613389 | 3 |
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