Low Market Cap £1.81 May 2020 18:44
Focus should be on Market Cap, not share price. Valirx has a very low market cap £1.8m at close today of 10.25p
You can have 1,000,000 in a company at £1 each, MC is £1,000,000
You can have 1,000 in a company at £1000 each, MC is still £1,000,000
At such a low MC for a pharma company, with agreements in place and potential JV's, there is low risk with multiple gains, as you've seen this has easily multi-bagged in days.
Shares in Issue: 17,992,906
closing Price 10.25p
MC £1.8m (17,992,906 * 10.25p)
For those that are twitter obout hitting £1-£2, isn't out of the question, especially with low market cap.
For it to go to £1 share price, Valirx MC will only be £17m,
and £2 MC will go to £34m
Still very low MC for a Pharma company, so understand why this isn't out of the question.