RE: Likely Up tomorrow after FDA approval of BIIB8 Jun 2021 14:45
Hi PJT12
not sure you can compare the FDA approval effect between Biogen and Angle for the following reasons:-
1. Biogen already had a 40Bn market cap before etc eFDA approval, so no way was this going to double to treble on approval. Angle on the other hand has a tiny market cap by comparison so could easily multiply on FDA approcval.
2. Biogen is a highly liquid stock with very high daily trading volumes whereas Angle is relatively illiquid. Should Angle get approval the volume of share trades will be many multiples the daily volume average.
3. Angle has relatively few shares in issue and many of those are in sticky hands. The limited availability of free float will quickly drive the price sharply higher as the mm's look for stock.
4. The Parsortix concept is simple and lends itself to great headlines....e.g. 'UK company first in the world to get approval for cancer biopsy using blood draw....'
FDA approval will, IMO lead to 100% + increase.