I really didn't expect the SP to jump after the Sheba results were released. Unfortunately RAC doesn't have a retail cult following like other Biotechs and so there is no one to really pump this stock amongst retail investors.
Retail investors only get excited when there is FOMO and with a new revised strategy yet to be announced and with no clinical trials in play , there is nothing enticing to lure new investors to dive into.
Unfortunately all Sheba did for me is derisk my underwater investment to a large extent but that's about it .
I really didn't expect the SP to jump after the Sheba results...
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Last
$1.22 |
Change
-0.010(0.81%) |
Mkt cap ! $202.7M | |||
| Open | High | Low | Value | Volume |
| $1.26 | $1.26 | $1.14 | $381.6K | 320.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7000 | $1.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.22 | 2171 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$1.17 |
Change
-0.010 ( 5.54 %) |
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| Open | High | Low | Volume | ||
| $1.23 | $1.23 | $1.14 | 48407 | ||
| Last updated 15.52pm 03/05/2024 ? | |||||
| RAC (ASX) Chart |