Because it's a nothing announcement. RCE has received plenty of rebates in the past, here's a few:
https://hotcopper.com.au/threads/ann-r-d-incentive-rebate-received.5666273/
https://hotcopper.com.au/threads/ann-r-d-incentive-rebate-received.4962200/
https://hotcopper.com.au/threads/ann-r-d-incentive-rebate-received.4880227/
https://hotcopper.com.au/threads/ann-r-d-incentive-rebate-received.4741183/
It's entirely expected and priced in that RCE will continue to receive rebates as it has done for years.
RCE likes to share lots of little funding announcements. This isn't even the first dumb argument because of it, remember this? https://hotcopper.com.au/threads/ann-recce-pharmaceuticals-receives-innovation-connections-grant.5597366/ These announcements aren't a bad thing, it's nice to keep the market informed, much better than those companies that say nothing besides quarterlies. But it's important to keep them in perspective. This rebate is just informing the market that it's business as usual, that's good. It's the results from studies that the market is really waiting for.
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Last
30.0¢ |
Change
-0.010(3.23%) |
Mkt cap ! $86.51M |
Open | High | Low | Value | Volume |
30.5¢ | 32.0¢ | 29.5¢ | $30.88K | 101.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 21103 | 30.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
32.0¢ | 15000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 21103 | 0.300 |
4 | 126250 | 0.295 |
1 | 9274 | 0.290 |
3 | 113518 | 0.285 |
11 | 291389 | 0.280 |
Price($) | Vol. | No. |
---|---|---|
0.320 | 15000 | 1 |
0.330 | 139230 | 2 |
0.350 | 31000 | 3 |
0.375 | 8002 | 1 |
0.380 | 6820 | 2 |
Last trade - 15.59pm 26/06/2025 (20 minute delay) ? |
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