Very healthy turnover today, going up. It does not feel like day trading to me but more the market sees PTX as undervalued but we will have to wait and see. Its MC is so low that it must be rerated.The further attraction of PTX that it can be developed over in the US and their economy is at a more advanced stage of the economic cycle than ours and biotechs are valued higher, so in reality investors are buying an American biotech at a depressed Australian SP and Aussie Dollar. In $US terms its MC is $2.75 million
PTX Price at posting:
7.1¢ Sentiment: Buy Disclosure: Held
