The $2.40ish up 20% at 7.00am yesterday call. The positive to take out of that is that it keeps happening on no news, to me it's the market re-rating RAC. The reason I believe it will keep happening is the very low market cap of RAC, circa 320 mil in comparison to it's asset Bisantrene and the capabilities of Bisantrene and the addressable markets of Bisantrene.
There is a strong case in my mind that at the end of next week we are sitting at a market cap of $480 mill or $3.60 per share.
The $2.40ish up 20% at 7.00am yesterday call. The positive to...
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Last
$1.55 |
Change
0.050(3.33%) |
Mkt cap ! $264.0M | |||
| Open | High | Low | Value | Volume |
| $1.50 | $1.55 | $1.49 | $86.32K | 57.56K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4520 | $1.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.55 | 2259 | 1 |
View Market Depth
| Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
| RAC (ASX) Chart |