A number of US biotechs have risen 2-4 fold in last few weeks after raising capital. Let’s hope this company gets caught up in the shift in sentiment for cashed up biotechs. I might have a go at articulating specifics tomorrow if no one else does.
A very small sell side is what I see, and anyone with shares looks to be hanging on to them and not selling into this increase….which augers well…ive been in quite a few raises and to have an arbitrage like this is very uncommon. Augers well for a jump in sp next few days imo.
PYC Chart and Technical Analysis, page-43
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Last
11.0¢ |
Change
0.005(4.76%) |
Mkt cap ! $513.2M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.0¢ | 10.5¢ | $355.5K | 3.310M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 47619 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 720205 | 5 |
View Market Depth
| Last trade - 16.10pm 29/05/2024 (20 minute delay) ? |
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Last
11.0¢ |
Change
0.005 ( 4.76 %) |
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| Open | High | Low | Volume | ||
| 10.8¢ | 11.0¢ | 10.3¢ | 1399972 | ||
| Last updated 15.49pm 29/05/2024 ? | |||||
| PYC (ASX) Chart |