You are correct Batboy about where the price of ARR should be to equate with ARRNF which is trading vastly more shares than the AMRRY.
The closing price of ARRNF at the current exchange rate is AUD0.31
Also the price reached the equivalent of AUD0.34 during trading.
Those supressing the price on the ASX in relation to the USA will be out in force again today.
The Friday closing price gap of 0.055 is dysfunctional. I am surprised that arbitrage trading aren't buying on the ASX and selling in the USA to narrow the gap as there is easy money to be made.
You are correct Batboy about where the price of ARR should be to...
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Last
31.5¢ |
Change
0.025(8.62%) |
Mkt cap ! $155.4M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 31.5¢ | 28.5¢ | $1.036M | 3.410M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 260568 | 8 |
View Market Depth
| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| ARR (ASX) Chart |