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
55.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $112.1M | |||
| Open | High | Low | Value | Volume |
| 55.0¢ | 55.0¢ | 54.0¢ | $23.11K | 42.17K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3018 | 54.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 55.0¢ | 2886 | 1 |
View Market Depth
| Last trade - 15.57pm 14/06/2024 (20 minute delay) ? |
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Last
55.0¢ |
Change
0.000 ( 0.92 %) |
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| Open | High | Low | Volume | ||
| 54.0¢ | 55.0¢ | 54.0¢ | 22451 | ||
| Last updated 15.06pm 14/06/2024 ? | |||||
| RCE (ASX) Chart |