I seem to recall 51 Capital have been a 'true believer' in PAR. I think they went to Germany about 5 years ago to understand a little about how the Germans had the right (secret) formula for the pentesol (spelling) that no other para has been able to replicate. There was an item published soon this a few years ago.
What I find that I am not understanding is that having come so far with trials and what to my layman's eye are positive results, is that the market has decided to drop the stock like a 'hot potato'.
Maybe it has been one large holder who has sold for other reasons which has triggered stop loss orders.
Can someone with a good understanding of the trials and prospects please set out briefly why the stock price is so far down.
Also, what is the pathway and potential timeline to get to a FDA submission which may lead to registration. Are we still 'light years away'?
I seem to recall 51 Capital have been a 'true believer' in PAR....
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Last
24.5¢ |
Change
-0.030(10.9%) |
Mkt cap ! $85.7M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 27.5¢ | 24.0¢ | $429.9K | 1.713M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 161991 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.5¢ | 29634 | 2 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
25.0¢ |
Change
-0.030 ( 7.51 %) |
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| Open | High | Low | Volume | ||
| 27.0¢ | 27.0¢ | 23.5¢ | 433775 | ||
| Last updated 15.57pm 03/05/2024 ? | |||||
| PAR (ASX) Chart |