Re: RVXCF New 52 week high, $3.59 USD....
in response to
by
posted on
Apr 24, 2019 08:09AM
If you take the price chart 5 years back, then the highs reached were US$3.8, which roughly equals C$5 today. I think C$5 is the right price for now. Fundamentally speaking, RVX has never looked better in its long listed history, as it does today.
Here is the more interesting thing. If you pull the price chart back to 2006, guess what the highest price was? C$30! The Makalu analyst put a C$30 target on RVX. Of course a C$30 implied market cap in 2006 was peanuts, compared to what it is today...but I like the C$30 final resistance!
Fibonacci levels before that are C$7, C$11, C$15, C$18, and C$23 before C$30. So maybe we get to C$7 once the last financing is announced? That would make RVX roughly US$1 billion market cap...equal to Amarin before their results came out.