InMed Pharmaceuticals Inc (INM)

[lesgetrich]

Question: with inmed listed on different stock exchanges, does the volume and pps on one translate to another?

Short answer is yes. US shares are actually American Depository Receipts (ADR's) that entitle the bearer to one Canadian Share. Since the US and Canadian markets trade separately, they can diverge from simple currency exchange rate equivalence. However, both market forces and Market Makers keep them relatively balanced most of the time. When there's a big divergence from currency exchange rates between the two markets, shareholders can get clues on the direction their shares will be going.

An uplist from either exchange doesn't by itself affect the share price. The uplist by itself is price neutral unless it's accompanied by a stock split or reverse split. It's what happens afterwards with potential institutional investment and the psychological impact of the uplist that affects the price on both markets.

Volume is not controlled but volume in one market, particularly volume spikes, can have a psychological effect on the other market.

Hope that helps.