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Bullboard - Stock Discussion Forum Laurion Mineral Exploration Inc V.LME

Alternate Symbol(s):  LMEFF

Metals & Mining Gold
Laurion Mineral Exploration Inc. is a Canada-based junior mineral exploration and development company. The Company is engaged in the acquisition, exploration, and development of mineral resource properties. The Company is focused primarily on its wholly owned 47 square kilometers (km2) flagship brownfield, Ishkoday Gold, located 220km North-East of Thunder Bay, Ontario, Canada. The Company’s... see more

TSXV:LME - Post Discussion

Laurion Mineral Exploration Inc > US vs. CAD stock
View:
Post by newbie8484 on Nov 11, 2022 9:58am

US vs. CAD stock

Sorry if this question has been asked before, I am just trying to understand the difference.  I understand the currency exchange, but how come the stock is different daily?  Yesterday the US stock was up, CAD down.  Today currently the opposite?  Just looking for some insight!

Thanks!
Comment by Sheerms on Nov 11, 2022 10:19am
LMEFF is OTC not auction market. So prices will differ in short term.
Comment by ilovexau on Nov 11, 2022 10:23am
I ave not taken a close enough look at it, but my assumption is that (besides the arbitrage effect) the exchange rate fluctuations is causing this. LME is a CAD company so they are going to apply an exchange rate to the valuation on the stock price. CAD is down a cent today when I checked and a penny on a 40cent stock is pretty big. So although the CAD stock is up, the CAD dollar is down, having ...more  
Laurion Mineral Exploration Inc
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