RE:RE:RE:RE:Volume To qualify for Nasdaq biotech index, company must
1. be a biotec. Onc meets thst
2. have a market cap of over 200million...not quite there yet***
3. Average daily trading volumes of 100k shares or more...close.
*** when Oncy gets to just under $4/ share, they will be eligible for biotech index inclusion.
Should they make it in!
then all ETF funds & index funds, will have to buy Oncy
Point ? If it gets to $4 and holds, that is as good as $6++
people have asked for a long time why such limited institutional ownership.
Too small & rules in place,
should the price climb, then the rise itself will perpetuate an upward spiral.
it's called gaining traction. The recent clinical results are a great start.