I am thinking Mellon is buying these shares so it can sell the correspondent ADRs. Trading is skewed towards the Nasdaq so no wonder they would want to issue more ADRs.
Anybody with more knowledge want to weigh in?
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 (20min delay)
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Last
10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $42.96M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 11.0¢ | 10.0¢ | $385.9K | 3.565M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 976575 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 69242 | 3 |
View Market Depth
| Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
| PLL (ASX) Chart |