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?
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Last
46.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $102.0M |
Open | High | Low | Value | Volume |
46.0¢ | 46.5¢ | 46.0¢ | $19.60K | 42.56K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 41004 | 46.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
46.5¢ | 38272 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4993 | 0.460 |
6 | 185159 | 0.455 |
12 | 216338 | 0.450 |
2 | 110000 | 0.445 |
5 | 121417 | 0.440 |
Price($) | Vol. | No. |
---|---|---|
0.465 | 38272 | 2 |
0.470 | 43385 | 4 |
0.475 | 32507 | 2 |
0.480 | 16600 | 1 |
0.485 | 82243 | 1 |
Last trade - 15.56pm 26/07/2024 (20 minute delay) ? |
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RCE (ASX) Chart |