No idea, too many variables (i.e. does the CPACS work being funded by the $1m government grant get published prior to the commencement of P1a/b to drive recruitment or do they sit on it and delay patent lodgement?).
If this really is a fomo rally then news is not required. Conversely, the absence of news probably drives fomo.
We funded the RC110 CPACS trial at $3. With that logic, anything less than $3 (and RC220 CPACS trial imminent) is a bargain.
RAC - Charts & Price Action, page-20331
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Last
$1.70 |
Change
0.090(5.59%) |
Mkt cap ! $289.5M | |||
| Open | High | Low | Value | Volume |
| $1.60 | $1.76 | $1.59 | $142.7K | 84.97K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 17175 | $1.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.77 | 6060 | 1 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| RAC (ASX) Chart |