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Range Resources Ltd Share Chat (RRL)



Share Price: 0.20Bid: 0.15Ask: 0.25Change: 0.025 (+14.29%)Riser - Range Resources
Spread: 0.10Spread as %: 66.67%Open: 0.175High: 0.20Low: 0.175Yesterday’s Close: 0.175


Share Discussion for Range Resources Ltd


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Predators
Posts: 968
Off Topic
Opinion:No Opinion
Price:0.175
View Thread (2)
Spike
Tue 19:58
Look at webis ...... up 160% yesterday and now 55% up today and guess what on no rns. .....yet again an aim stock makes a big spike from the bottom. .....at one point today it was up 100% and so rrl would need to be watched like a hawk if the spike comes which is always when you least expect it and it won't ring your bell
 
Celticheart
Posts: 14,061
Off Topic
Opinion:No Opinion
Price:0.175
Correction
Tue 19:40
Stock (iPhone)
Celticheart
Posts: 14,061
Observation
Opinion:No Opinion
Price:0.175
View Thread (2)
RE: Spread
Tue 19:39
For LSE read London Stick Exchange
Surely
Posts: 742
Off Topic
Opinion:No Opinion
Price:0.175
View Thread (2)
RE: Dropped Ask
Tue 18:08
windy , they were obviously limit orders that people had set , and of course set them at .2 to be hit.

btw, here is how to calculate % spread. Use the Ask, makes more sense :-), cos then it indicates how much you would lose if buying at Ask and selling at bid.

https://www.investopedia.com/articles/investing/082213/how-calculate-bidask-spread.asp
Delft
Posts: 11
Observation
Opinion:No Opinion
Price:0.175
Not a good day
Tue 17:23
down 16,67% with ask at 0.20
Windy31
Posts: 38
Off Topic
Opinion:No Opinion
Price:0.175
View Thread (2)
Dropped Ask
Tue 16:21
It is amazing how people seem to be reluctant to buy at .21 or.22 but drop the Ask and 4,000,000 shares at .2 seem attractive - crazy share or crazy investors?
bewareshadows
Posts: 673
Off Topic
Opinion:No Opinion
Price:0.20
View Thread (2)
RE: Spread
Tue 16:09
So celtic you now accept the numbers on lse, when they back your case but question them when they don't.

I have no issue with the spread being 66%.

It shows how illiquid this share is.
Surely
Posts: 742
Off Topic
Opinion:No Opinion
Price:0.20
RE: Spread
Tue 15:23
windy, so first thing first the London Stock exchange is NOT quoting the spread as 66% like you posted ? is that correct ?

You are dividing the spread by the bid and getting 66%. And it seems to be you that is declaring this "official" not me.

Please direct me to an "official" calculation which shows that the spread should be divided by the bid ?
Celticheart
Posts: 14,061
Observation
Opinion:No Opinion
Price:0.20
View Thread (2)
RE: Spread
Tue 14:49
Just look at the numbers on LSE the spread is 66% whichever way you try and view it
Windy31
Posts: 38
Off Topic
Opinion:No Opinion
Price:0.20
View Thread (2)
RE: Spread
Tue 14:48
Surely
I don't even know if you deserve a response. It is very simple mathematics and I'll explain it slowly, please read it slowly to fully understand
BID =15
ASK = 25
DIFFERENCE = 10
If 15 is 100%
Then 10 is 66%
The spread is given as 66% of the BID

Can we now agree that the official spread is as given by the stock exchange and not the Surely version and that the spread in this case is 66%




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