West Perth-based Altona Mining has commenced trading on the Australian Securities Exchange after the company changed its name.
The emerging copper producer was previously Vulcan Resources and Universal Resources which merged earlier this year.
Altona is currently focused on two projects, the Outokumpu Copper Project in eastern Finland and Roseby Copper Project in Queensland.
Altona managing director Alistair Cowden, said successful delivery of these strategies would likely deliver a significant re-rating of market capitalisation.
"Altona is a well-positioned copper play with substantial cash in the bank, imminent production and an unparalleled growth plan," said Dr Cowden.
"The Outokumpu Project has been technically de-risked since the original DFS in 2008 - a key point, which I believe hasn't been absorbed by the markets yet," he said.
Altona shares opened today at 12.5 cents.
