Eden lists, plans fuel expansion

PERTH-BASED alternative energy company Eden Energy Ltd listed on the Australian Stock Exchange earlier this week, announcing an aggressive project schedule for the international rollout of a new breed of hydrogen fuel technologies. Eden shares traded for the first time on the ASX at 18 cents a share, down two cents on its issue price. At the time WA Business News went to press, shares were trading at 17.5 cents. The company closed its IPO early at $8.4 million, short of its $10 million offer – citing the early cut-off on the urgency to progress critical elements of its key projects. Eden listed with a total of 122.3 million shares on issue and was valued at listing at $24.5 million. Eden chairman Greg Solomon said the company had secured a suite of proven hydrogen technologies and patents, which were sufficient to enable national economies to immediately start converting to hydrogen use with major pollution reduction, and vehicle manufactures to convert engines to a range of hydrogen fuels. “There is no reason why Perth-based Eden cannot play a major role in the global shift to hydrogen fuelled economies, such is the significance of the Eden technology package,” Mr Solomon said. Before the IPO, Eden’s potential world-class energy projects had attracted over $5 million in support in previous capital raisings.


(existing subscribers)

The password field is case sensitive.
Request new password

Add your comment

BNIQ sponsored byLPC cresa

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 28/09/18

1 year TSR5 year TSR
90thPanoramic Resources91%17%
251stGlobal Energy Ventures26%-22%
592ndTanami Gold-29%-3%
815thEden Innovations-75%26%
739 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$40k Sold
$95k Bought
$209k Other
Total value as at the date of the transaction
Source: Morningstar


108th↓Global Energy Ventures$1.3m
109th↑Eden Innovations$1.3m
111th↓Tanami Gold$1.3m
112th↓Panoramic Resources$1.2m
510 listed resources companies ranked by revenue.
Source: Morningstar

BNiQ Disclaimer