I really didn't expect the SP to jump after the Sheba results were released. Unfortunately RAC doesn't have a retail cult following like other Biotechs and so there is no one to really pump this stock amongst retail investors.
Retail investors only get excited when there is FOMO and with a new revised strategy yet to be announced and with no clinical trials in play , there is nothing enticing to lure new investors to dive into.
Unfortunately all Sheba did for me is derisk my underwater investment to a large extent but that's about it .
RAC - Charts & Price Action, page-17872
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Last
$1.53 |
Change
-0.060(3.79%) |
Mkt cap ! $259.9M | |||
| Open | High | Low | Value | Volume |
| $1.54 | $1.56 | $1.53 | $130.2K | 84.73K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4993 | $1.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.58 | 10451 | 1 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| RAC (ASX) Chart |