In Germany
the traded security, Symbol: 6RI, is most likely "Approved Depositary Receipts" (or called Global Depository Receipt or any other names on other exchanges) matched (by a stipulated ratio) by Fully Paid Ordinary Share in Weebit Nano Limited.
These ADRs are issued backed by parcels of the ASX listed Weebit Nano Ltd Ord Shares. (Like the US Dollars printed before January 1934, backed by gold) The ADRs are not WBT shares per se, but are interests in underlying WBT shares.
In this case I surmise that it was issued in the ratio of 1 ADR equivalent to 1 WBT share.The reason for saying that is the opening price in Frankfurt was EUR2.50, and using the ruling exchange rate of 0.64 gave us approximately AUD3.88 which was the closing price of AUD3.88 on the ASX on 18/01/2021 4.10 pm. Hence my guess as to the ratio of issue of 1 ADR : 1 WBT Share.The current price as I typed this, is still EUR2.92 and is approximately AUD4.56 based on the exchange rate of 0.64.
What does it say for the trading price here on the ASX tomorrow is anyone's guess.
Please DYOR.
In Germany the traded security, Symbol: 6RI, is most likely...
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Last
$2.51 |
Change
0.030(1.21%) |
Mkt cap ! $474.1M | |||
| Open | High | Low | Value | Volume |
| $2.52 | $2.58 | $2.50 | $1.029M | 404.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1855 | $2.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.54 | 614 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| WBT (ASX) Chart |