amitz,
I'll have a crack.
When 88e was formed and dual listed on the ASX and AIM markets there was an "anecdotal" split of shares, 35% ASX - 65% AIM. I use the word anecdotal as I'm confident Dave mentioned this but I have no facts to share on the validity.
What this meant was that as AIM was the larger market the ASX would normally follow, so a closing price on the AIM would see a similar price on opening on the ASX.
Sometimes either market might go on a "run" and the other market would follow on the next trading session, a spread between the two markets presents an arbitrage for those that trade both markets and would see any gap closed, typically over the course of that session depending on who held the higher (or lower) price.
Things are a little different now however with the entry of the OTC EEENF trading in the US. They seem to have provided a new base, which should be watched.
Just my thoughts
Cheers
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Last
0.3¢ |
Change
0.001(50.0%) |
Mkt cap ! $86.67M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.2¢ | $14.37K | 5.557M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
255 | 369532586 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 616504361 | 228 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
254 | 359532586 | 0.002 |
290 | 1089420936 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 596504361 | 227 |
0.004 | 269473420 | 111 |
0.005 | 79154762 | 59 |
0.006 | 33540906 | 35 |
0.007 | 21259925 | 22 |
Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
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