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?
Yup, and serious potential too. I've looked into RCE's highest...
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Last
61.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $124.4M | |||
| Open | High | Low | Value | Volume |
| 62.0¢ | 62.0¢ | 60.0¢ | $14.69K | 24.34K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3915 | 60.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 61.0¢ | 305 | 1 |
View Market Depth
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
62.0¢ |
Change
0.000 ( 0.80 %) |
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| Open | High | Low | Volume | ||
| 62.5¢ | 62.5¢ | 60.5¢ | 50 | ||
| Last updated 14.46pm 16/05/2024 ? | |||||
| RCE (ASX) Chart |