Shares of Sareum Holdings Plc (LON: SAR) surged higher despite the biotech company announcing that it would postpone the release of its interim results for the six months ended 30 December 2020.
Investors were not pleased with the postponement, but this was not reflected in its share price, which edged higher despite the announcement. However, the company’s shares struggled to rally higher today as investors digested the news.
Since January, the lack of significant announcements from Sareum has left the company’s shares trading at the mercy of investor sentiment. Investors have been waiting for a breakthrough announcement, but nothing has happened so far.
Ready to put what you’ve learned into practice?
Try IG’s platform with £10,000 in virtual funds and practise trading
without putting your own money at risk.
Try IG with a demo account →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Learn the markets with IG Academy
Build your knowledge with IG Academy educational content, then use a
demo account to practise what you’ve learned on the IG platform.
Explore IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
See how trading works before risking real money
IG’s demo gives you access to thousands of markets and £10,000 in
virtual funds, so you can explore the platform and test your ideas first.
Open an IG demo →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Turn trading theory into practical experience
Learn with IG Academy, explore charts and market tools, and practise
strategies in a simulated trading environment before going live.
Start practising with IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Ready to take your learning further?
IG combines market education, analysis and an established trading platform,
giving you the tools to keep learning as you develop your trading skills.
Discover IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Sareum’s postponement may indicate that the company is struggling to compile its financial reports for the period and could mean that the report may not be a good one. On the other hand, the delay could be nothing serious and may be a simple logistical challenge.
Investors will be waiting for the results once they are ready to get an accurate picture of the biotech company’s finances after the new deadline allowed the company to publish its results by 30 April 2021.
The company’s fundamental picture is stable as it continues working on a COVID-19 cure while at the same time advancing its cancer drug candidates based on TYK2/JAK1 inhibitors with some drugs going through phase II clinical trials.
Sareum share price.
Sareum shares are still trading within the wide sideways range highlighted above with a slight bullish bias.
Should You Invest in Sareum Shares?
One of the most frequently asked questions we receive is, “what stocks are best to buy right now?” It’s a wide-ranging question, but one that we have answered… Our AskTraders stock analysts regularly review the market and compile a list of which companies you should be adding to your portfolio, including short and longer-term positions. Here are the best stocks to buy right now
