You're calculations are correct, I did the numbers myself and got the same result.
Based on this, the share price is actually now less than it was immediately before the heart protection news was released. So either this is a total market overreaction, or the heart protection news has been deemed by the market to be negative. My money is on the former!
Ann: Race Oncology Share Purchase Plan Opens, page-162
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Last
$1.54 |
Change
-0.015(0.97%) |
Mkt cap ! $261.5M | |||
| Open | High | Low | Value | Volume |
| $1.55 | $1.55 | $1.50 | $111.4K | 73.35K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $1.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.56 | 1400 | 1 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| RAC (ASX) Chart |