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Magmatic shares were unchanged at 20 cents each at the close today. Photo: Attila Csaszar

Magmatic debuts on ASX

A new Perth-based gold and copper exploration company has closed flat on its first day of trading on the ASX, after completing a $4 million initial public offering.

Magmatic Resources raised $4 million from investors through the issue of 20 million shares at 20 cents each.

At the close of trade today, the Perth company’s shares were worth 20 cents each.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 30/11/17

1 year TSR5 year TSR
thMagmatic Resources0%0%
120thSpitfire Materials109%20%
227thFirst Graphite48%11%
727 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

14/08/17
$5k Bought
04/07/17
$3k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

326th-First Graphite$11k
327th-Magmatic Resources$11k
329th↑Spitfire Materials$9k
330th-New Horizon Coal$8k
492 listed resources companies ranked by revenue.
Source: Morningstar

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