Business
Solid first day on the ASX for rare earths play Australian Strategic Materials – Stockhead
Rare earths newcomer Australian Strategic Materials (ASX:ASM) has had a rousing welcome on its first day of listed life following its demerger from Alkane Resources (ASX:ALK). Shares in the company closed up 12 per cent to $1.40 from its opening price of $1.2…
Link copied toclipboard
Rare earths newcomer Australian Strategic Materials (ASX:ASM) has had a rousing welcome on its first day of listed life following its demerger from Alkane Resources (ASX:ALK).
Shares in the company closed up 12 per cent to $1.40 from its opening price of $1.25 per share, giving Alkane shareholders who were issued one ASM share for every five Alkane shares they held a substantial bonus.
While the company did not raise any funds for its listing, it starts life with $20m …
-
General18 hours ago‘We are here for you’: PM to bring help to flood zones
-
General17 hours agoWe’ve all talked about potential economic consequences for Australia of Trump’s policies. Now they’re happening
-
General14 hours agoStephanie Scott’s murder caused a ‘seismic’ shock in Leeton, and the hurt remains
-
Noosa News24 hours agoBrisbane doctor jailed for trafficking ‘breathtaking amount’ of drugs