People are selling because, unless another funding source is found, e.g. partnership, the cash will run out before the clinical mBC trial starts.
The sellers are assuming that:
* another funding source won't turn up, so there will have to be a CR
* if they want to, they can buy back at that time for less than the current SP.
Their behaviour is rational if you accept their assumptions.
Ann: Race Strategic Update August 2023, page-120
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Last
$1.86 |
Change
-0.015(0.80%) |
Mkt cap ! $316.8M | |||
| Open | High | Low | Value | Volume |
| $1.88 | $1.88 | $1.79 | $163.0K | 89.00K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 34299 | $1.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.86 | 3635 | 1 |
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| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| RAC (ASX) Chart |