Junior copper explorer Stavely Minerals is trading slightly higher after making its ASX debut on Wednesday raising $6.1 million for the company, falling short of the $8 million it was seeking.
Junior copper explorer Stavely Minerals is trading slightly higher after making its ASX debut at 12.30pm on Wednesday. At 1:40pm shares in the $16.9 million company were up 1 cent, or 5 per cent, from the offer price of 20¢ at 21¢.
The initial public offer raised $6.1 million for the company, falling short of the $8 million it had been seeking. A minimum subscription of $5 million had been set for the float to proceed.
