You are correct but what does that mean. first they are both tracking stocks so their True Market vale is fixed at Exchange Rate X LYC.
So 8.88 AUD X .69 = 6.12 USD So Dy closed at 6.04 USD and DY 6.05. so that means they have lower value than LYS. Next The % gain should also be the same as LYC 3.02% DY 2.72 % CF 2.89%.
Before you talk about Tracking stocks I would try to learn a little more about them. Start on Lynas home page at https://lynasrareearths.com/investors-media/american-depository-receipts/ Then follow links to Mellon bank and look at PDF that Lynas suggest.
It will save you time posting useless information like a few other do hear. I can summarize simply id DF and CY are higher than FMV then America likes Lynas more than AU. If lower the opposite is true.
Just saw i never posted chart with my post. here it is
Date Close Volume Change 1 8/31/2022 8.88 5783640 0.26 2 8/30/2022 8.62 7408395 -0.21 3 8/29/2022 8.83 5005694 -0.2 4 8/26/2022 9.03 6241561 0.11 5 8/25/2022 8.92 4279612 0.08 6 8/24/2022 8.84 4995512 -0.03 7 8/23/2022 8.87 6080871 -0.32 8 8/22/2022 9.19 5058806 -0.53 9 8/19/2022 9.72 3351074 -0.09 10 8/18/2022 9.81 4934613 -0.31 11 8/17/2022 10.12 4682643 0.17 12 8/16/2022 9.95 3055500 0.06 13 9.89
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Last
$6.32 |
Change
-0.035(0.55%) |
Mkt cap ! $5.902B |
Open | High | Low | Value | Volume |
$6.34 | $6.35 | $6.29 | $4.934M | 781.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
45 | 10979 | $6.31 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.32 | 40668 | 43 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
47 | 11262 | 6.310 |
38 | 35889 | 6.300 |
19 | 40021 | 6.290 |
9 | 17466 | 6.280 |
9 | 101859 | 6.270 |
Price($) | Vol. | No. |
---|---|---|
6.320 | 39378 | 42 |
6.330 | 31763 | 18 |
6.340 | 42699 | 17 |
6.350 | 28724 | 12 |
6.360 | 13700 | 8 |
Last trade - 13.48pm 16/07/2024 (20 minute delay) ? |
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