Because of low liquidity it is hard to make these trades right now. It is still possible. Last week I traded TAS at an average of18.8c for EDE at an average of22.3c, ( my target was to sell TAS at 19c and buy EDE at 22c. I didn't quite get there)That was around a ratio of 1.1808. With my overall target of selling TAS and buying EDE when the ratio gets below 1.2 to 1 and rebuying TAS when I can get around 1.3 TAS for 1 EDE.
Rorter posts ratios based on closing prices. During the day the ratios will vary. Sometimes the ratios look right for a trade but it may not be possible to get set. One may have a last sale at a buyers bid and the other may have been made at the sellers bid. That complicates matters.
TAS/EDE relative values, page-613
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Last
0.5¢ |
Change
0.001(25.0%) |
Mkt cap ! $4.026M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $1.051K | 262.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 221958 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 4785706 | 4 |
View Market Depth
| Last trade - 15.55pm 15/11/2024 (20 minute delay) ? |
| TAS (ASX) Chart |
