As I understand it, and despite our recent share price underperformance, De Grey stands to be included in the GDX as per the next rebalancing in December. The criteria for inclusion is laid out below:
We certainly meet the market cap criteria, and easily cover the average daily volume traded requirement, so I don't see any reason that we wouldn't be included in the index at the next rebalance. This is from a recent broker report:
I think we could see some buying in the lead up to the rebalance on the third Friday of December, as we saw leading up to the GDXJ rebalancing. That was serious buying *in the lead up* ahead of GDXJ inclusion. Hopefully we see something similar again. We shall see, and it would certainly help if the gold price gave us something other than an enormous headwind as it is doing now.
As I understand it, and despite our recent share price...
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Last
$1.27 |
Change
0.015(1.20%) |
Mkt cap ! $2.341B | |||
| Open | High | Low | Value | Volume |
| $1.27 | $1.28 | $1.26 | $2.941M | 2.320M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 18205 | $1.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.27 | 30568 | 3 |
View Market Depth
| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
$1.27 |
Change
0.015 ( 0.44 %) |
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| Open | High | Low | Volume | ||
| $1.26 | $1.28 | $1.26 | 1103627 | ||
| Last updated 15.59pm 02/05/2024 ? | |||||
| DEG (ASX) Chart |