Why is Ibex Shareprice holding up ??A few things (off the top of my head)
i QI and Q2 were pretty good. And despite cautious guidance at the last year end, it looks like Ibex will be profitable this year.
ii, Underexposed small-cap Biotech is a hot sector...and they don't come much smaller or
underexposed than Ibex.
iii. And with that added exposure, people are looking a bit closer at Ibex's cash, P/E etc. And
maybe thinking it is still undervalued ?
iv Technically, IBT broke through 15 years of resistance at 30 cents. And is holding North of 30
v. Diamine Oxidase is progressing. According to Paul, it has the potential of doing $3-5M per year...and at the top end, that would mean a doubling of sales.
vi Covid is still around. And subsequent Heparin use translates into Heparinase demand
vii Paul stated in the recent Youtube interview, that Ibex would certainly look at takeover offers.
So, maybe some people are looking at Ibex as a Takeover Candidate,
viii A lot of he shareholders have been around for a while. And most are not short term players