NRT stock hasn't moved up enough today to keep in line with US trading in NVGN shares on the Nasdaq.
Last night NVGN traded as high as $2.22 (equivalent ASX price) and closed at $1.98.
So at current prices $1.78 there looks to be some arbitrage. Either NVGN shares will come off or NRT will rise higher. With Novogen undergoing a massive re-rating upwards I will stick my neck out and suggent NRT will match NVGN over the next few days.
Cheers,
Munch.
Novogen - Still undervalued
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Last
25.0¢ |
Change
-0.010(3.85%) |
Mkt cap ! $34.83M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 27.0¢ | 24.5¢ | $74.25K | 291.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 23681 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.0¢ | 3500 | 1 |
View Market Depth
| Last trade - 15.51pm 10/08/2022 (20 minute delay) ? |
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Last
25.5¢ |
Change
-0.010 ( 3.77 %) |
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| Open | High | Low | Volume | ||
| 26.0¢ | 26.8¢ | 25.0¢ | 109385 | ||
| Last updated 14.05pm 10/08/2022 (live) ? | |||||
| KZA (ASX) Chart |