@Boffin99
Arbitrage in this case is yes, a possibility, but the small amount of shares and lack of liquidity available on the BOT OTC (pink sheet), the profit via arbitrage would be on a very small scale. It ideally works when your stock is dual-listed ie ASX/NASDAQ or ASX/LSE or like in NEU's case with Acadia on NASDAQ:ACAD when ACAD goes up in SP in a US trading session attributed strictly to their DAYBUE JV/partnership royalty news, then NEU SP pretty much follows through on the next ASX trading session. You can also look at past SP behaviour/correlation in other dual listed stocks such as MSB (in March-Dec 2020), PLL(Sept 2020-Apr2021) on transformative news events, i actually traded them both successfully during that time by actively paying heed to the possibilities of arbitrage opportunities. Hope that helps...
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Last
39.5¢ |
Change
0.010(2.60%) |
Mkt cap ! $714.9M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 40.5¢ | 37.5¢ | $4.833M | 12.29M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 511746 | 39.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.5¢ | 99994 | 1 |
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| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| BOT (ASX) Chart |