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Echo Resources IPO closes early on back of strong demand

Australian exploration company Echo Resources Ltd has closed its initial public offer early due to strong demand.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/12/18

1 year TSR5 year TSR
416thAusgold-25%20%
584thEcho Resources-48%18%
645thPiedmont Lithium-55%21%
716 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

02/10/18
$49k Bought
17/08/18
$24k Bought
01/12/17
$0 Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

264th↓Echo Resources$79k
269th↓Laconia Resources$74k
270th↑Ausgold$74k
273rd↑International Goldfields$72k
274th↓Piedmont Lithium$71k
513 listed resources companies ranked by revenue.
Source: Morningstar

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