KZA 1.67% $1.22 kazia therapeutics limited

Novogen - Still undervalued

  1. 3,567 Posts.
    NRT stock hasn't moved up enough today to keep in line with US trading in NVGN shares on the Nasdaq.

    Last night NVGN traded as high as $2.22 (equivalent ASX price) and closed at $1.98.

    So at current prices $1.78 there looks to be some arbitrage. Either NVGN shares will come off or NRT will rise higher. With Novogen undergoing a massive re-rating upwards I will stick my neck out and suggent NRT will match NVGN over the next few days.

    Cheers,
    Munch.
 
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