Novogen shares rose to $4.60 over night hitting a day high of $4.70.
At the closing price of $4.60 this equates to $1.67 in our terms. The volume was 3.75 times higher than the average daily trading volume.
I think we'll see investors (including brokerage houses) slowly recognise the significance of recent deals + positive developments. The recent news includes the HRT scare that should boost Promensil sales along with positive testing news of the anti-cancer drug Phenoxodiol. New clinical trials at Yale university and NIDCR shows just how much recognition the medical community is giving Novogen.
It sounds silly but I believe NRT should be trading at levels over double current levels. Hopefully NRT release commentary regarding recent trials so negate fears about delays in Phenoxodiol testing.
Novogen up 19.5% in the states
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Last
$1.36 |
Change
-0.020(1.45%) |
Mkt cap ! $176.2M | |||
| Open | High | Low | Value | Volume |
| $1.38 | $1.38 | $1.35 | $167.9K | 123.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2034 | $1.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.38 | 4000 | 1 |
View Market Depth
| Last trade - 15.54pm 07/05/2021 (20 minute delay) ? |
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Last
$1.36 |
Change
-0.020 ( 1.45 %) |
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| Open | High | Low | Volume | ||
| $1.38 | $1.38 | $1.36 | 7486 | ||
| Last updated 15.54pm 07/05/2021 (live) ? | |||||
| KZA (ASX) Chart |