Pretty clear what is happening today.
1.) The release after market opened, while only by 15 or so minutes, means alot of investors will have missed this announcement till after work. Yes big money, can boost the SP however, it is generally retail excitement that does the trick. For most, they will watch open and maybe the close.
2.) Very common for the SP to drop or remain static for a day or two from the announcement as the news digests, and traders leave their positions. Wouldn't be surprised if a few traders are down 2-7%, thinking that this would moon today and will now be forced to mitigate their losses, keeping the price stagnant.
3.) Unfortunately, RNU does have long periods of time between announcements. Management does the business behind the scenes which is clear but this does cause people to loss focus on RNU and have even potentially dropped it off their watch lists for later. Quite plain to see, compare this event which is arguably the most anticipated of the year for RNU to the PEPR approval last year. Volumes leading up the events were entirely different and the SP appreciation followed that trend of excitement and hype. It will take a few days for this to gain traction imo if not another announcement, hopefully within a one month period to really get the light back on us.
Future SP evaluation is plain as day from this report, if you know how to crunch the numbers. Upside is huge and risk is getting smaller and smaller. Personally, wouldn't mind if we hung around here till the mid month payday so I can get one more fill before we start moving up.
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Last
6.0¢ |
Change
-0.002(3.23%) |
Mkt cap ! $152.5M |
Open | High | Low | Value | Volume |
6.2¢ | 6.2¢ | 6.0¢ | $95.26K | 1.575M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 296089 | 6.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.2¢ | 7791 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 126089 | 0.060 |
4 | 1052329 | 0.059 |
3 | 714155 | 0.058 |
3 | 567000 | 0.057 |
3 | 475000 | 0.056 |
Price($) | Vol. | No. |
---|---|---|
0.062 | 7791 | 1 |
0.063 | 540000 | 3 |
0.064 | 269661 | 5 |
0.065 | 248919 | 6 |
0.066 | 204000 | 2 |
Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
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RNU (ASX) Chart |