After such a solid and pacy run up a retracement would not surprise me. There are two short term news catalysts coming in the next few months:
1. The in-vivo results of R327 & R529 in ferrets
2. Results from the CSIRO/Doherty institute study into R327
Not sure on the timeline to get results from the phase 1 trial for sepsis from CMAX in Adelaide but expect those to be medium term. Probably early next year. A quick google says phase one of a trial takes a few months to complete.
Positive data on 1 or more of the above could see huge spikes in the share price.
RCE Chart Thread, page-41
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Last
48.0¢ |
Change
-0.005(1.03%) |
Mkt cap ! $111.1M | |||
| Open | High | Low | Value | Volume |
| 48.5¢ | 48.5¢ | 48.0¢ | $664 | 1.371K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 16317 | 47.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.5¢ | 1517 | 1 |
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| Last trade - 13.10pm 16/08/2024 (20 minute delay) ? |
| RCE (ASX) Chart |