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 …
-
General24 hours agoZac Lomax released by Eels for ‘opportunities outside NRL’, fuelling speculation of R360 switch
-
General22 hours agoIslam Makhachev claims UFC welterweight belt with dominant win over Jack Della Maddalena
-
General13 hours agoAmbulance response times sluggish despite Tasmanian ramping ‘ban’ promise
-
General22 hours agoIs the Coalition up for the Net Zero fight?