RAC 2.11% $1.45 race oncology ltd

Everyone is worried about the most recent decrease in the SP....

  1. 2,466 Posts.
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    Everyone is worried about the most recent decrease in the SP.

    From our recent high of $4.23, we've retraced to $3.32, which is a ~21.5% decrease and less than $1. While we had a massive decrease on Friday, and the day before, these were quite common back when we were trading below $1.

    When we hit $10, or even $20 and we get a similar decrease, that's approximately a decrease down to $7.85 and $15.70 respectively. A massive swing when you're looking at those dollar values. We've risen in price pretty quickly and people should be happy about that, but what I think is amazing is that we've held that price quite well which a lot of smaller companies SP's don't seem to do so well - the majority spike up and then spike down very quickly. What has helped us is that we have a large number of investors rather than traders, to help maintain the pressure.

    The next week, or few weeks will be a great opportunity for long term holders to continue to accumulate. I myself am looking forward to having some small funds coming my way that I'll be able to put into RAC and continue growing my holding to hopefully buy half a lambo club card lol.
 
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Last
$1.45
Change
0.030(2.11%)
Mkt cap ! $247.1M
Open High Low Value Volume
$1.43 $1.45 $1.40 $163.8K 115.3K

Buyers (Bids)

No. Vol. Price($)
1 500 $1.44
 

Sellers (Offers)

Price($) Vol. No.
$1.45 31396 1
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Last trade - 16.10pm 15/11/2024 (20 minute delay) ?
RAC (ASX) Chart
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