Perth-based copper and gold company Mavuzi Resources Ltd has debuted strongly on the Australian Securities Exchange, up 70 per cent on the issue price of its initial public offer.
Perth-based copper and gold company Mavuzi Resources Ltd has debuted strongly on the Australian Securities Exchange, up 70 per cent on the issue price of its initial public offer.
Mavuzi, launched as a spin-off of Perth-based uranium company OmegaCorp Ltd, issued around 44 million shares at 20 cents each, while aiming to raise $8.8 million for exploration and development of its two assets in Mozambique.
The company, which reached a high of 37.5 cents, closed today at 34 cents.
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