Biota Included in S&P / ASX 200
More later, but thought this was certainly a moment to celebrate.
From the horses mouth, Biota included in S&P / ASX200 and Biota Announcement at ASX.
On a down day Biota is trading up 5% to $3.08 down from the day’s high thus far of $3.15.
Biota’s CEO, Peter Cook, has stated a couple times he would like larger, less speculative (my words), institutional holders. With the large international trade the other day and now inclusion in the XJO, it appears Mr Cook’s wish has been granted.
Inclusion in the XJO should result in less share price volatility, which some people like. More importantly more analysts and PMs will be looking at Biota and seeing excellent future cash flow supporting a good business model with good probable upside from LANI and possible upside from HRV.
After the first hour of trade, one million shares have traded hands, that’s equal to the daily average, so it’s going to be a high volume day. No surprise there!
S&P ASX /200 ADDITIONS
- WHC Whitehaven Coal Ltd
- KZL Kagara Ltd
- MRM Mermaid Marine Australia Ltd
- AAD Ardent Leisure Group
- CRZ Carsales.Com Ltd
- BTA Biota Holdings Ltd
S&P ASX /200 REMOVALS
- CXP Corporate Express Australia Ltd
- NXS Nexus Energy Ltd
- MPO Molopo Energy Ltd
- AJA Astro Japan Property Group
- AJL AJ Lucas Group Ltd
ERC Eircom Holdings Ltd
Disclosure: Long Biota
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