LYC 1.54% $2.56 lynas corporation limited

Toly,I think you've made an error. On 11/30/17 the stock split....

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    Toly,

    I think you've made an error. On 11/30/17 the stock split. From each 10 shares of stock held the share holder would now hold 1 share at a price 10 times its previous value. The share price on 12/1/17 would be valued at 10 times what it was on 11/30 but the number of shares would be 1/10 of the number before. On 11/30/17 the shares traded at $0.215 a share. On 12/1/17 they traded at $2.15 a share. Today each share trades at $2.00 a share. There is a loss since 11/30/17, not a gain.

    I believe what you have done is not made an adjustment for the reverse split. If you take the current price of $2.00 and divided it by your low of $.34 the gain is 5.88 times as you indicate. However, in doing so, the adjustment for the split has not been included. To make it easy to see, multiply the $.34 by ten to adjust for the reverse split and the share price would be $3.40 which is much higher than the $2.00 currently. The rules of seven cannot be used across a reverse split unless the per share price has been adjusted.
 
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