CUV 0.24% $29.00 clinuvel pharmaceuticals limited

ferret bourse report psd

  1. blt
    164 Posts.

    There's been some rough-as-bags trading in EPITAN (EPT) - again!
    It's the second time this month and the third time in two
    The ASX ought to crack the whip - this company leaks like a
    Epitan's October 10 announcement of a meeting with the US FDA
    was preceded by a rise in the previous two trading sessions totalling
    11c, to 68c, on quadrupled turnovers of 2.3 million and 2 million
    Two days later the price hit 87c before coming off the top and
    quietening down for a while.
    In the latest instance of "sus" trading Epitan rose 7c to 85c on
    Monday as turnover once again quadrupled to 2.2 million.
    Yesterday morning, before the start of trading, Epitan
    announced that the "outstanding results recorded in its recently
    completed Phase IIb 'sunburn injury' clinical trial represent a massive
    step forward in the drug's commercialisation progress".
    The shares shot up a further 6c to 91c.
    However, profit-takers moved in and beat the price down to 78c at the
    close, a loss for the day of 7c, as turnover trebled to almost 7
    Back on September 23 Epitan came from behind at 43c to close up
    8.5c at 55c.
    We naively surmised it simply may have been due to the fact that
    it had been a wildly fluctuating stock in the past.
    The real explanation came next day when Epitan announced a
    collaborative agreement with PSIVIDA (PSD) to develop a new liquid-based
    sustained-release formulation for melanotan.
    The shares rose a further 4c to 59c after the announcement.


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Mkt cap ! $1.432B
Open High Low Value Volume
$28.90 $29.85 $28.73 $6.305M 216.2K

Buyers (Bids)

No. Vol. Price($)
1 445 $28.92

Sellers (Offers)

Price($) Vol. No.
$29.01 443 1
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Last trade - 16.10pm 23/01/2020 (20 minute delay) ?
0.070 ( 0.26 %)
Open High Low Volume
$29.02 $29.84 $28.78 11137
Last updated 15.59pm 23/01/2020 (live) ?
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