RHT 2.50% 6.2¢ resonance health limited

this stock is for fundamentalists

  1. 10,339 Posts.
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    I think we have a lot od day traders in RHT nowadays. Because they come in large numbers and buy and sell on chart movements anything can happen to the price, so fundamentalists should be happy to pick up stocks while they are cheap.

    I have said this before, but I don't mind saying it again. RHT has:
    - Ferriscan which, on its own, is close to making the company cash flow positive
    - Hepafat which has just received FDA approval and provides the first approved non-invasive test for a high volume market, both in normal patient testing AND in providing a safe effective test for pharmaceutical companies wanting to develop new drugs
    - The possibility of a liver fibrosis test which would be very successful if it reaches approval status.

    These are facts whatever may happen to the 'day trader charts'. Sure, the charts might cause the price to fall in the SHORT TERM, but that will not stop the fundamental underlying value from emerging as product sales and pharmaceutical contracts emerge over time.
 
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Last
6.2¢
Change
0.002(2.50%)
Mkt cap ! $27.48M
Open High Low Value Volume
6.2¢ 6.2¢ 6.2¢ $2.662K 43.29K

Buyers (Bids)

No. Vol. Price($)
1 297 6.1¢
 

Sellers (Offers)

Price($) Vol. No.
6.2¢ 100000 1
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Last trade - 13.57pm 16/08/2024 (20 minute delay) ?
RHT (ASX) Chart
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