hey bdawg, I’m not 100% so don't quote me on anything I say in this area. I believe the otc shares are traded in usd so not sure if it’s possible to work out where the dollars are coming from. Either way, more overseas buying pressure generally should force the price up. I’m not 100% sure but I think USA dealers buy shares on the asx and offer inventory of shares to sell to international markets. As buyers buy their inventory, it forces the USA dealers to buy more shares directly on asx to replenish their stock. It makes it possible for overseas investors to buy fbr especially in circumstances where restrictions would prevent them from owning asx shares directly. proves between the otc and asx should approximate otherwise it would present arbitrage opportunities where one could buy in one market and sell on another. The law of one price.
not providing financial advice. I could be wrong. Do your own research, etc etc…
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Last
3.6¢ |
Change
-0.002(5.26%) |
Mkt cap ! $178.5M |
Open | High | Low | Value | Volume |
3.7¢ | 3.8¢ | 3.6¢ | $314.3K | 8.515M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
29 | 4909705 | 3.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.8¢ | 565262 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 170785 | 0.038 |
4 | 403632 | 0.037 |
30 | 5207209 | 0.036 |
28 | 3967341 | 0.035 |
6 | 863328 | 0.034 |
Price($) | Vol. | No. |
---|---|---|
0.034 | 193667 | 3 |
0.036 | 380751 | 1 |
0.038 | 1305321 | 8 |
0.039 | 3065386 | 8 |
0.040 | 2632825 | 11 |
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