Do You Know Why Biotron Stock Is Surging High?

  • Jan 18, 2019 AEDT
  • Team Kalkine
Do You Know Why Biotron Stock Is Surging High?

Health Care company Biotron Limited (ASX: BIT) today announced the quarterly cash flow report for the period ended 31 December 2018. Cash flows from operating activities accounted for an inflow of $380,000 during 2Q FY19. But for the entire year to date, there has been $226,000 net cash used in the operating activities including an outflow of $511,000 towards research and development expenses.

During the December quarter, Cash flow from investing activities was negative $17,000 that took the year to date cash outflow from investing activities to $36,000. Whereas, cash flow from financing activities was $5,737,000 mainly driven by the proceeds raised from the issue of shares. As at 31 December 2018, cash and cash equivalents of the company stood at $6,996,000, up from the opening balance of $896,000 at the start of the quarter. 

For the year ended 30 June 2018, company’s operating loss after income tax was $1,593,645 compared to FY17’s loss of $3,093,405. Biotron has incurred $1,692,656 expenses towards Research and Development undertaken during the Fiscal Year 2018.

Biotron Limited focuses on the development of new drugs for the treatment or prevention of serious viral diseases with unmet medical needs and substantial worldwide market. It specializes in the development and design of first-in-class drugs that have the potential to treat a range of viruses including HIV-1, Hepatitis C virus (HCV) and Hepatitis B virus (HBV).

During the Fiscal Year ended 30 June 2018, Biotron demonstrated several of its compound performing anti-viral activity against Hepatitis B virus (HBV). As per GBI Research, it has been estimated that market for HBV drugs will reach to US$3.5 billion by 2021.

While the Company’s principal focus and significant business development activities are on achieving a commercial outcome for its HIV-1 program in worldwide markets, including the USA and Europe, it stays committed to identifying suitable partners for other programs including HCV and executing a China commercialization strategy.

The company’s outlook for treatment of HCV is particularly strong in emerging markets such as China, where an estimated 30 million people or more are infected with the virus. It overall remains focused on achieving a commercial outcome for all its antiviral programs in worldwide markets, including the USA, Europe, and China.

In today’s trading session, Biotron shares traded at a higher level. The stock price jumped 4.167% to last trade at $0.125 on 18 January 2019. Over the past 12 months, BIT has witnessed more than three-fold increase in its stock price. It translates a massive increase of 372.46% over the past 12 months with a positive price change of 471.43% over the past six months. Its market capitalization stands at $71.4 million as at 18 January 2019.


This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.


All pictures are copyright to their respective owner(s) does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK