Price discovery still teething on VFEX

ROSS-listed assets are trading at considerable premiums and discounts on the Victoria Falls Stock Exchange (VFEX) due to underdeveloped price discovery. Caledonia Mining Corporation (Caledonia) closed yesterday at US$14,43 per share on the New York Stock Exchange (NYSE), at par with its closing price on the London Stock Exchange of £11,68 (US$14,44). On the VFEX,…

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