Yup, and serious potential too.
I've looked into RCE's highest record of market capital/value back in 2020, and it looks to be that RCE had a MV of approx ~$240m. (allows for share dilution)
Today, imo, with the current stimulation and encouraging news flow, there's no reason the MV shouldn't exceed this value seen in 2020. RCE is in a far better position for commercial *potential* today, than it was in 2020. Perhaps a deflated bank balance in its comparison is the only negative.
Perhaps the market is still numb and cautious from, what was, a slow and quiet development for some time. If RCE can keep up this pace with a steady stream of development, I can see this price going for a run once the pins and needles wear off.
An announcement re Indonesian timelines could be a catalyst. An announcement re capital raise could be such a tease.
Will it be both?
Ann: Recce Completes 5,000 R327 Doses Per Week under GMP, page-45
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Last
56.0¢ |
Change
-0.035(5.88%) |
Mkt cap ! $114.2M | |||
| Open | High | Low | Value | Volume |
| 59.5¢ | 59.5¢ | 56.0¢ | $156.3K | 273.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 29113 | 56.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 59.0¢ | 587 | 1 |
View Market Depth
| Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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Last
57.0¢ |
Change
-0.035 ( 2.56 %) |
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| Open | High | Low | Volume | ||
| 58.0¢ | 58.0¢ | 56.0¢ | 61716 | ||
| Last updated 15.34pm 05/06/2024 ? | |||||
| RCE (ASX) Chart |