Interesting question, I was just consulting my old friend Benford on the weekly close numbers as an approximation. To neatly fit the data fed into his rule:
Close above $3 this week
Close above $5 by end of April
Close above $8 by end of June
Close above $10 by end of July
These milestones have been brought closer than my earlier predictions - as of last year until January this year my expectation was $8 in October 2021.
Share price growth rate from Aug 2019 is 800% pa (doubling every 4 months)
Share price growth rate from October 2019 is 800% pa (doubling every 4 months)
Share price growth rate from Jan-Feb 2020 is 800% pa (doubling every 4 months)
Note, however, Share price growth rate since Sep-Oct 2020 is more like 2000% per annum (doubling every 2.8 months)
RAC - Charts & Price Action, page-4020
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Last
$1.55 |
Change
0.020(1.31%) |
Mkt cap ! $267.5M | |||
| Open | High | Low | Value | Volume |
| $1.56 | $1.57 | $1.55 | $1.987K | 1.274K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6040 | $1.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.56 | 100 | 1 |
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| Last trade - 10.53am 17/10/2024 (20 minute delay) ? |
| RAC (ASX) Chart |