The market is speaking with the SP down to where it started before the last announcement.
Cooler heads seem to have prevailed once the dust had settled.
People are waking up to the fact that magic mushrooms won't generate the revenue required to keep this rusty ship afloat. Cash burn is just too great for MXC to navigate the next 12-24 months - no matter how big the death spiral financing efforts are undertaken.
Too many red flags now.
Ann: MGC Receive Permission for Psilocybin Research & Development, page-7
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Last
25.5¢ |
Change
0.005(2.00%) |
Mkt cap ! $11.61M | |||
| Open | High | Low | Value | Volume |
| 24.0¢ | 25.5¢ | 24.0¢ | $136.6K | 547.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1879 | 25.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 1873 | 1 |
View Market Depth
| Last trade - 15.58pm 20/08/2024 (20 minute delay) ? |
| RGT (ASX) Chart |