Business
DDH1 (ASX:DDH) share price crashes 26% lower after IPO
The DDH1 Limited (ASX: DDH) share price has hit the ASX boards this afternoon following the successful completion of its initial public offering (IPO).
At the time of writing, the drilling company’s shares are down a very disappointing 26% from its issue price to 81 cents.
What is DDH1?
DDH1 was founded in 2006 and provides a range of specialised drilling services to companies mining or exploring for mineral deposits in Australia.
Management notes that mineral exploration and mining companies have an ongoing need for drilling services to provide them with rock samples for analysis of their mineral content and other geological, chemical, and structural properties.
These companies typically use service providers such as DDH1 rather…
-
Noosa News23 hours agoBali traveller sparks urgent measles alert across Queensland
-
Noosa News23 hours agoQueensland man sentenced to four years imprisonment after string of terror offences
-
Business23 hours agoThe best ASX ETFs for compounding wealth until 2040
-
Noosa News22 hours agoMeasles alert issued south of Brisbane after traveller tests positive