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12.0¢ peninsula energy limited

Thanks arsenic for explaining, im curious how It all works....

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Quasar

51 Posts.

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15/01/21

15:09

Post #: 50200018
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Originally posted by arsenic: ↑

I haven either but I don't think you can just sell PEN. You would have to sell PEN in our market and the counter party market/maker will convert them to OTC traded shares to sell to N American & Canadian investors. There is clearly facility for arbitrage though so I wouldn't anticipate much more than a 0.25c differential in Price (after allowing for currency translation) between the tow markets. It's a lot like a dual listing but a lot cheaper. It's been my experience that Canadians (especially gold shares) tend to be prepared to value & trade shares at a high P/E than in Aust . That would partly explain the immediate jump. It's a good move for a smaller Aussie listed company.

IMVHO.

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Thanks arsenic for explaining, im curious how It all works. Commsec seems to be able to trade on the OTC market. So are brokers/market makers buying the stock to sell on OTC for a profit and if so does this take a percentage of shares off the asx which would effectively reduce the shares traded on the asx? Less available?
Cheers

PEN Price at posting: 15.3¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 12.0¢		Change 0.000(0.00%)		Mkt cap ! $254.3M

Open	High	Low	Value	Volume
12.0¢	12.3¢	11.5¢	$1.494M	12.58M

Buyers (Bids)

No.	Vol.	Price($)
22	1969572	11.5¢

Sellers (Offers)

Price($)	Vol.	No.
12.0¢	785484	6

View Market Depth

No.	Vol.	Price($)
21	1959572	0.115
40	3124128	0.110
35	3443476	0.105
81	6439410	0.100
6	196214	0.099

Price($)	Vol.	No.
0.120	785484	6
0.125	7131642	36
0.130	5578426	49
0.135	3117609	22
0.140	1408890	27

Last trade - 16.10pm 08/05/2024 (20 minute delay)


Last 11.8¢			Change 0.000 ( 2.00 %)
Open	High		Low	Volume
11.8¢	12.3¢		11.5¢	7378857
Last updated 15.59pm 08/05/2024 ?

PEN (ASX) Chart

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