Which is correct but only because you bought equal share parcels.
A more generalized calculation method is as follows... Total Amount of Money invested = (1,000 X 0.53) + (1,000 X 0.93) = $1,460 Divided by total number of shares finally owned = 2,000 $1,460 / 2,000 = 0.73 per share
This generalized method allows for dissimilar sized share parcels to be averaged,
For example, what if you bought...
2,000 shares at 0.53 5,000 shares at 0.68 1,000 shares at 0.93 ?
Total Money Invested = 2,000 X 0.53 + 5,000 X 0.68 + 1,000 X 0.93 = 1,060 + 3,400 + 930 = $5,390 Divided by total shares owned = 2,000 + 5,000 + 1,000 = 8,000 $5,390 / 8,000 = $0.674 per share (average)
GLN Price at posting:
93.5¢ Sentiment: Buy Disclosure: Held
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