Anavex Life Sciences Corp (AVXL)

[Steady_T]

AVXL is a penny stock trading well above its fundamentals.

That is a silly statement. AVXL has no fundamentals. It is an R&D stock with no product on the market. THERE CAN BE NO FUNDAMENTALS. By definition.

What AVXL is, is a biotech drug company with 4 trials underway.

AVXL only needs one to succeed. If more than one succeeds it will be a blockbuster stock.

Several trials will be finished before the cash runs out and that assumes the company doesn't use any of its previously set up facilities to raise additional cash.

The company has access to funding for the next 3 years or so. And that assumes that it doesn't have a partnership agreement or a drug approval before then.