SSN 0.00% 1.5¢ samson oil & gas limited

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  1. 975 Posts.
    Could someone please tell me if this is the correct method for comparing the two listed stocks ?

    If: 1 SSN.AMEX share = 20 SSN.ASX shares
    AND: AU$1 = US$0.89
    Then: AU$0.017 * 20 * 0.89 = US$0.3026

    At the moment (7AM AEST) SSN.AMEX is trading at US$0.28.

    Therefore: (28/20)/0.89 = AU$0.0157 (round it up to 1.6cents)

    Yesterday the Aussie $ was at US$0.88, this morning it is at US$0.89. Would that be the cause of the discrepancy ?

    Or seeing as they are actually two separate entities, can we not directly compare the two ?

    Thanks in advance ;)
    --Dan
 
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