Biggest Daily Vol since 2009 today. Just 165M shares and few sellers. Price well above 200d MA. Re-rate well underway. The 12/10 announcement was a good one, " a licence agreement with Premneo Pharmaceuticals Pty Limited (Premneo) to accelerate development of Clover’s DHA emulsion for treatment of premature babies. Premneo is a newly formed company with Dr Brian Mc Namee, the former MD and CEO of Australia’s largest pharmaceutical company, CSL Limited, serving as Executive Chairman. Dr Mc Namee will lead an experienced team to develop market opportunities for Clover’s DHA product."
CLV Price at posting:
36.5¢ Sentiment: Hold Disclosure: Held