Where is RHY headed?, page-53

Doesn't look like sideways action to me.
RHY has been in a downward trend since July 2022.
A stock that derives zero income/profit that hovers around a ridiculous market cap continues to fall because traders think they are getting at a low price.
Once they realise there is no real money to make, especially when there is no liquidity, they run away with losses and in turn cause further depreciation in the share price.
RHY could see under 30 cents in the short term however I have said all along that it's market cap maximum should be around $40 million. I have no basis to my opinion but have seen many a stock with nothing but blue skies fall from ridiculous market caps to very low ones. That's 20 cents and under.
It's not as if institutions are buying the stock. It's mum and dad's, doctors and some in the field of science. Furthermore, no liquidity helps the stock go up very quickly (a sham) but it also makes the share price go down (albeit a slow death)
They are the ones that are determining the market cap of the company.
Market cap = shares on issue x share price.
Think about it.
If you trade the stock good luck.