Always good to remind yourself why invested in the first place.
I also look at a few other biotech on HC. the negativity and pessimism going around is enormous, prior to any deals or news, it's absolutely at rock bottom.
Then out of nowhere, good news comes in, everyone starts congratulating each other ..
In RAC's case, seems market has over reacted to some of the delays and 2023 events, and is turning a blind eye to what's ahead.
We've had very good results with Sheba2, solid preclinical results in 100 different cancer cell lines, and out of all the waiting over years, this year, most likely RAC is going into clinic for FTO and cardioprotection using RC220.
We're also going with low dose combo with decitabine for AML (minimal funding, I wonder who is interested for the trial)..
At some point triangle figures will start to come into play,
.more likely after good clinical data..IMO
RAC - Charts & Price Action, page-18542
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Last
$1.66 |
Change
-0.040(2.35%) |
Mkt cap ! $282.9M | |||
| Open | High | Low | Value | Volume |
| $1.69 | $1.69 | $1.66 | $22.50K | 13.45K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 16514 | $1.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.67 | 900 | 1 |
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| Last trade - 10.30am 18/09/2024 (20 minute delay) ? |
| RAC (ASX) Chart |