Avner Oil Exploation LP (fka AVOGF)

[ChitForBrains]

Trading again, 700 shares in America. http://www.delekenergy.co.il/?CategoryID=181 has them at 200.20 open and close with low of 197 and high of 201.80 (I think they were at 210 when I started the board).

Volume of 5,596,070 shares. Volume in NIS 11,203,092. Today's WSJ has the shekel at $0.2907 or NIS 3.4396 (Friday's close, -2.7%).

200.20 * 5...mil = $1,120,333,214 shekels (old) / 100 = close to their NIS volume.

So does that mean the American shares are a tenth of the Israeli shares? Or for every 100 shares you are buying 10 in Israel? That doesn't make sense, since the other formula seems to equate the price.

http://en.wikipedia.org/wiki/Old_Israeli_shekel

So that means it trades in the Israeli agora which is a 100th of a shekel. http://en.wikipedia.org/wiki/Israeli_new_shekel

So buying 700 shares here is buying 70 shares there in agoras, right? Obviously I didn't work hard enough on the pricing before.