West Perth-based Rubianna Resources has made a strong debut on the Australian Securities Exchange today, with its share price closing at a 50 per cent premium to its issue price.
West Perth-based Rubianna Resources has made a strong debut on the Australian Securities Exchange today, with its share price closing at a 50 per cent premium to its issue price.
The explorer raised $6 million in its initial public offer, with shares priced at 20 cents each.
Shares in Rubianna today opened at 23 cents before tracking north to close at 30c.
The explorer holds a portfolio of prospective gold and base metals projects in the Mid West, with its lead project, Ruby Well, some 70km southwest of Sandfire's Doolgunna project which has recently reported high-grade copper-gold hits.
"The Ruby Well project is considered highly prospective for copper-gold and the company will now immediately commence its exploration programs at the project to test for mineralisation at depth," the company said in a statement today.
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