GXY 0.00% $5.28 galaxy resources limited

TA - Short Term Trading, page-657

  1. 3,526 Posts.
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    Actually they are in sync. There is up to a 10c premium in the GXY price, but sometimes that premium falls to 0. That is why ORE can seem to move and GXY stays still (and vice versa). When ORE and GXY reach parity again GXY starts moving with ORE and on an uprise eventually runs ahead of ORE - up to 10c. It doesn't seem to fall below ORE's parity price however. .569 is the minimum ratio I believe. For example right now ORE is 576 which predicts GXY at 327 - which is where it is.
 
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Currently unlisted public company.

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