AEZS | A Stock For The Wheel Strategy

Why AEZS could be a Good Stock for the Wheel Strategy

• It raised money ($30 M) recently: Likely won’t run out of money soon or doing another round of equity offering to dilute the equity value. This means the stock price will likely remain stable for a while.
• Some positive announcements: European partnership, Reestablishing a pipeline, Covid-19 vaccine.
• Technical analysis shows the stock price will likely remain around $1 or higher in the near future.
• Options chains indicate a nice ROI.