Last night, 8 million SSN shares traded on the Amex for an average price of around $4.50. That's $36,000,000 of value.
This morning, so far, we have under 10,000,000 shares traded for a value of about $2 million AU.
As the exchange rates are the same, why do the Americans trade a greater value than us Aussies? Are the ADR shares limited to a seperate pool, and if so, does this mean the Amex trade is basically turning itself over multiple times? Is this significant when considering the sustainability of the rally?
SSN Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held
