I'm not sure what you mean by "so many shares out there". There are only 173 million ish shares in existence. Some biotechs that have been around a while have billions of shares. This is a very small number and supposedly a large percentage held by substantial holders so hard to explain the selling. Only issue I guess is many holders may be well ahead if they initially bought in sub 30c and are just bored waiting for news.
RCE Charts, page-1391
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Last
59.0¢ |
Change
-0.010(1.67%) |
Mkt cap ! $120.3M | |||
| Open | High | Low | Value | Volume |
| 59.5¢ | 59.5¢ | 59.0¢ | $26.58K | 45.04K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3875 | 58.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 59.0¢ | 1195 | 1 |
View Market Depth
| Last trade - 10.57am 22/05/2024 (20 minute delay) ? |
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Last
58.0¢ |
Change
-0.010 ( 2.52 %) |
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| Open | High | Low | Volume | ||
| 59.0¢ | 59.0¢ | 58.0¢ | 6621 | ||
| Last updated 10.57am 22/05/2024 ? | |||||
| RCE (ASX) Chart |