RAD 1.47% 3.4¢ radiopharm theranostics limited

I don't think the debt ceiling or wider macro environment is the...

  1. 55 Posts.
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    I don't think the debt ceiling or wider macro environment is the cause of the short term decline in price here - I see it as a major holder dumping its holding from a reasonable short term gain ($0.14 to $0.20) down to level it acquired them at (underwriters typically don't want to get lumped with the stock) ... look at the increased sell volumes since $0.20

    hence the reason why only 50k shares traded yesterday at the not so coincidental price of $0.14 ... also have a look at the sell volume >1m (when mkt open) recently which is far higher than not too long ago (often exceeding the buy volume - why isn't the typical observation in recent times either) ... someone is moving a bit of stock hence the reason for the decline - it will increase once they get out and move on or on positive news but at least you know the bottom benchmark of ~$0.14.

    I may be wrong on the who but not likely on the why
 
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Last
3.4¢
Change
-0.001(1.47%)
Mkt cap ! $69.65M
Open High Low Value Volume
3.4¢ 3.4¢ 3.4¢ $8.337K 248.8K

Buyers (Bids)

No. Vol. Price($)
8 941032 3.3¢
 

Sellers (Offers)

Price($) Vol. No.
3.4¢ 247927 4
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Last trade - 14.00pm 06/09/2024 (20 minute delay) ?
RAD (ASX) Chart
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