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Bullboard - Stock Discussion Forum Algernon Pharmaceuticals Inc. C.AGN

Alternate Symbol(s):  AGNPF

Algernon Pharmaceuticals Inc. is a clinical-stage drug development company. The Company is focused on developing repurposed therapeutic drugs in the areas of non-alcoholic steatohepatitis (NASH), a type of liver disease, chronic kidney disease (CKD), inflammatory bowel disease (IBD), idiopathic pulmonary fibrosis (IPF) and chronic cough as well as advancing a stroke program using N, N... see more

CSE:AGN - Post Discussion

Algernon Pharmaceuticals Inc. > Today’s Trading
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Post by nodaytrader on Dec 19, 2023 2:40pm

Today’s Trading

Desjardins is active in trading today and is pre-eminent in the depth chart, suggesting that it is interested in buying but only at progressively lower prices.I find that puzzling!

A Google search told me that low share prices make it more difficult for the listed company to raise funds. In Algernon's case, it would hinder the development of treatments for those suffering from a variety of serious and painful diseases.

But Desjardins is a credit union, with 250,000 members, and credit unions, rightly, take pride in their community support. Desjardins' own web site describes its function as "Money at the service of human development " and that its "commitment to individuals and communities is baerd on kindness and mutuall assistance "

I am not at all knowledgeable about trading and it may well be that these trading patterns do align with corporate values - but I'm puzzled.

Could someone put me right on this?
Comment by renegadesled on Dec 20, 2023 5:27pm
Faut attendre....avec la dernire vente de 2 millions  de $....a peux prendre j usqu'  3 mois.apres,ils vont avoir du cash pour continuer  ....en fait,l action est rabais en ce moment.
Comment by nodaytrader on Jan 02, 2024 3:41pm
Vous avez raison de dire que les actions sont dcotes   La lettre d'intention de Seyltx signifie qu'un groupe d'investisseurs sophistiqus est prt investir entre 11 et 14 millions de dollars canadiens pour une part de 80 % dans une seule thrapie.   Mme au seuil de rentabilit, cela valorise lui seul les actions d'Algernon entre 0,73 et 0,91 dollars, mais elles se ...more