KZA 1.90% $1.55 kazia therapeutics limited

Novogen - Solid buying interest

  1. 3,567 Posts.
    Solid buying in Novogen today as the company reported the following:

    1) Reduced losses due to cost reduction program
    2) Increase cash reserves to fund clinical trials
    3) Cash burn in the last half was very small
    4) Trials are on schedule

    All this along with its low share price looks like a good bet. We should see results from stage two trials in the coming weeks/months along with an announcement regarding stage 3 trials. A very interesting time for Novogen shareholders.

    I also received a copy of the Marshal Edwards prospectus. Very interesting reading.

    Cheers,
    Munch.
 
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$1.55
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-0.030(1.90%)
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1 1499 $1.55
 

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