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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Everyone is worried about the most recent decrease in the SP....
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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. |
---|---|---|
$1.45 | 31396 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 500 | 1.440 |
1 | 11250 | 1.390 |
1 | 1000 | 1.380 |
1 | 5000 | 1.370 |
1 | 1279 | 1.365 |
Price($) | Vol. | No. |
---|---|---|
1.450 | 31396 | 1 |
1.480 | 3055 | 2 |
1.500 | 17040 | 2 |
1.520 | 6000 | 1 |
1.575 | 2000 | 1 |
Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
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RAC (ASX) Chart |
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