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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$7.64 |
Change
0.225(3.04%) |
Mkt cap ! $7.066B |
Open | High | Low | Value | Volume |
$7.46 | $7.68 | $7.46 | $6.108M | 807.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 1798 | $7.63 |
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Price($) | Vol. | No. |
---|---|---|
$7.64 | 4215 | 23 |
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No. | Vol. | Price($) |
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20 | 11423 | 7.640 |
11 | 5331 | 7.630 |
12 | 30020 | 7.620 |
10 | 4737 | 7.610 |
Price($) | Vol. | No. |
---|---|---|
7.660 | 7037 | 13 |
7.670 | 9542 | 25 |
7.680 | 10412 | 20 |
7.690 | 19295 | 12 |
7.700 | 10602 | 10 |
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