In my opinion, what makes it even more worrisome is the recent pump in share price is a calculated move from the company. To be honest, I was a bit surprised that the share price was up like 60% even they have taken their words of COVID-19 back. I believed they may have borrowed money to boost up the SP through a third party, so as to provide a "better price" for the forthcoming CRs. I mean I believe no any sound investors will believe in using "natural food supplement" for COVID-19.
Of course, the above is just my suspicion. But if that's the case, what will happen is the SP will drop back to 1.7c or even lower in a month time.
Let's see what will happen.
In my opinion, what makes it even more worrisome is the recent...
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Last
30.5¢ |
Change
0.015(5.17%) |
Mkt cap ! $14.76M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 31.5¢ | 30.5¢ | $34.11K | 111.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5838 | 30.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.0¢ | 4444 | 1 |
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| Last trade - 11.50am 23/07/2024 (20 minute delay) ? |
| RGT (ASX) Chart |