I started the above thread with TNG and should think that I would start one for RMR as its price and turnover have seen an upsurge this week
Here are some numbers (previous week's in brackets):
Today's Open 1.6c (1.1c)
Today's High 1.7 (1.2)
Today's Low 1.5 (1.1)
Today's Close 1.7 (1.2)
This week's turnover 95.1m shares (52.9m shares)
This week's % Gain 41.7% (9.1%)
Today's Mkt Cap ? (?)
Cannot find the number of shares on issue to calculate the MC.
Please note that this week's action in shares turnover with the attending price rise is quite significant.
This share appears to have been dormant for some time before this week
This week there was even a speeding ticket from ASE which has been carefully explained by RMR
All these are BULLISH signs, I reckon.
Like all shares, there would be some profit-taking along the way up which would tend to hold back the price plus some forced selling by over-bought investors and speculators.
Prices can move up as well as down. Hopefully for all holders, we may see the current trend continue
IMO and DYOR
RMR Price at posting:
1.7¢ Sentiment: None Disclosure: Unspecified