RGT argent biopharma limited

Ann: Pharma Update - Increased Orders and Clinical Study, page-31

  1. 15,121 Posts.
    lightbulb Created with Sketch. 2683
    I think there is an SP manipulation issue - you only have to see the number of very small trades that come in at below the SP at the time. No one looks at a company where the SP is trending upwards after an announcement and then sells a small parcel at a lower price and when that is happening several times in a trading session - and every trading session - something does not feel right. I am not into conspiracy theories - and I get the irony of me just pointing one out of my own - but it is hard to fathom out why this is happening.

    Over the last two months, there have been some very material announcements - mixed in with some minor ones of course. It would be logical that the SP would be positively affected - and that has not happened. A company announces almost a $1mil total revenue increase from a previous quarter where revenue was almost non existent - that is not talking up a situation. That is a significant change in circumstances. That is the basis of a potential enhanced future. All that promise needs to be realised of course but it certainly should have had a visible SP nudge upwards.

    12 months ago, MXC was a shambles. Today, you could almost be forgiven for thinking this is a different company altogether. Some decisions made in 2018 defy logic and do appear to be very amateurish as you pointed out. I am heartened that there seems to be a change in management style and, perhaps, a renewed energy in getting MXC back on track. The move to focus on MM may well be the catalyst for that change.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
13.0¢
Change
-0.030(18.8%)
Mkt cap ! $7.705M
Open High Low Value Volume
16.5¢ 16.5¢ 13.0¢ $3.438K 22.02K

Buyers (Bids)

No. Vol. Price($)
4 45231 12.5¢
 

Sellers (Offers)

Price($) Vol. No.
15.0¢ 245 1
View Market Depth
Last trade - 14.33pm 02/04/2025 (20 minute delay) ?
RGT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.