Hemo - Trading update on Ortex - etc4 Feb 2024 08:44
Morning all
Hemogenyx Pharmaceuticals, operating in the biotech sector under the ticker HEMO,
with a market cap of $54.31 million, has experienced a notable rise compared to its sector peers.
Over the last month, HEMO's movement was up 58.03% more than the average of its comparable sector companies.
Its share price performance shows an impressive one-week increase of 35.19%, with the Relative Strength Index (RSI) reaching 80.43, indicating significant investor attention, while the year-to-date price change stands at 58.7%.
This surge in activity is also reflected in the news, where there has been a marked increase in mentions of HEMO in the last 24 hours. In terms of trading volume, a substantial 15,994,260 shares were traded, notably surpassing the three-month average by 185.77%.
To add
Charts ( if your into them ) currently showing strong buy on all technicals
Investing.com
Average daily vol 7 million
Average spread in previous week 8-12%
Stock on loan / shorts
Very little interest in shorting Hemo
Showing average of 100k - tiny & no price effect
High cost to borrow
With Prevail getting involved in sept imo is the stock underpinning on Hemo CAR T & possibly other Hemo Science .
Prevail obviously liked what was on the CAR T menu hence paid a premium
Prevail RNS paragraph & carry’s clout -
Mary Schaheen, President of Prevail Partners, stated: "Everyone at our fund is confident in the growth and success of Hemogenyx Pharmaceuticals as they develop CAR-T cells to target acute myeloid leukemia. Furthermore, Hemogenyx Pharmaceuticals has a seasoned management team with the expertise to accelerate the company to a significant value inflection point through the completion of its planned clinical trial."
Since then very positive RNS & awaiting clinical CAR T confirmation
& now Fridays CDX RNS update
Absolutely superb for all invested + 35% in a week & 4p paid Friday .
In a nutshell
CAR T - Boiling
CDX - cooking
CBR - simmering
All points a transformational year for Hemo & all invested in the stock .
Fetch the Sunday Full English with all the trimmings washed down with early grog