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
60.0¢ |
Change
-0.020(3.23%) |
Mkt cap ! $122.3M | |||
| Open | High | Low | Value | Volume |
| 60.0¢ | 60.0¢ | 58.0¢ | $30.77K | 51.72K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 59.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 60.0¢ | 17599 | 1 |
View Market Depth
| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
59.5¢ |
Change
-0.020 ( 2.46 %) |
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| Open | High | Low | Volume | ||
| 58.5¢ | 59.5¢ | 58.0¢ | 25074 | ||
| Last updated 15.53pm 21/05/2024 ? | |||||
| RCE (ASX) Chart |