Perhaps the wash trading has ceased, because there wasn't much volume for them to play with at 64 cents..Because, Nobody was selling.
So, if you think wash trading is the biggest cause of our SP deterioration, then it's a good thing, ceased for now..
Enjoy while it lasts.
If we are talking about the same entity, then at least they have more or less maintained their core holding for a very long time.. which isn't a bad thing, they could have sold and moved on..
In RAC's history, there have been BG, JC, Resident Traders, etc. to put a blame on.
I believe, this is about market trying to catch up on RAC to some extent, while the rest of the Biotech boomed last few months..
Some are obviously putting gains from one biotech to other.
Another factor is- people are taking position, before our blue sky opportunity for Cardioprotection and FTO starts to get validated end of this year, with RC220..
Perhaps the wash trading has ceased, because there wasn't much...
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 (20min delay)
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Last
$1.41 |
Change
0.095(7.22%) |
Mkt cap ! $234.3M | |||
| Open | High | Low | Value | Volume |
| $1.32 | $1.41 | $1.32 | $249.8K | 182.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2826 | $1.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.43 | 40000 | 1 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
$1.37 |
Change
0.095 ( 6.64 %) |
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| Open | High | Low | Volume | ||
| $1.34 | $1.41 | $1.32 | 16145 | ||
| Last updated 15.53pm 10/05/2024 ? | |||||
| RAC (ASX) Chart |