It wasn't a new listing rather a demerger from ILU.
So note each existing ILU holder received a DRR share and they have been trading on a deferred basis until today.
The market will therefore take some time to work out what the value of each is on a stand alone basis (& whether they want to invest in one or both on a stand alone basis).
There are also some big institutional & long/short investors that will be working through this.
Then when you take on general negative market movements and events since then an ILU/DRR $5/$4 split isn't glaringly strange to me.
If you're new to this stock make sure you do a lot of research on the stock and recent trading before acting IMHO.
DRR price, page-3
Add DRR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.96 |
Change
0.080(2.06%) |
Mkt cap ! $2.093B | |||
| Open | High | Low | Value | Volume |
| $3.93 | $3.98 | $3.92 | $3.276M | 828.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 14941 | $3.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.96 | 18009 | 5 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| DRR (ASX) Chart |