Very few genuine sellers here. The bot selling of Craganorig (JC's USA/LLC holding) looks to have ceased the past couple of days. 15,790,175 shares have traded since JC started selling in November. The bot arbitrarily sold 10-15% of daily volume so this holding may very well have been expunged. Will be interesting to see if selling from his AU holdings now commences - perhaps he'll wait for the new tax year.
Buyers seem to be anchoring the SP against the $.75 options. In reality, they should be looking at $3 as a near term target. Not sure why any holder that funded the $3 CPACS raise would look to exit right before the trial commences, aside from option conversion. Still think this is part of a larger FOMO rally and we continue to rerate through to trial commencement.
Higher low playing out, my order at $1.38 was only partially filled.
RAC - Charts & Price Action, page-20606
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 (20min delay)
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Last
$1.51 |
Change
-0.010(0.66%) |
Mkt cap ! $252.5M | |||
| Open | High | Low | Value | Volume |
| $1.55 | $1.57 | $1.47 | $198.4K | 131.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19 | $1.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.51 | 3154 | 3 |
View Market Depth
| Last trade - 16.10pm 22/05/2024 (20 minute delay) ? |
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Last
$1.50 |
Change
-0.010 ( 0.66 %) |
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| Open | High | Low | Volume | ||
| $1.53 | $1.56 | $1.47 | 18229 | ||
| Last updated 15.53pm 22/05/2024 ? | |||||
| RAC (ASX) Chart |