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Todd River Resources owns the Manbarrum zinc project in the Northern Territory.

TNG spin-out Todd River makes ASX debut

Todd River Resources has closed higher on its ASX debut, after spinning-out of Perth-based minerals explorer TNG and raising $6 million in an initial public offering.

Last month, Todd raised $6 million in an IPO priced at 20 cents a share.

By the close of trade today, its shares were worth 23 cents each.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/10/17

1 year TSR5 year TSR
thTechnology Metals Australia0%0%
623rdTranscendence Technologies-34%4%
799thTriple Energy-75%-30%
726 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Revenue

473rd-Technology Metals Australia$0
474th↓Titanium Sands$0
475th-Todd River Resources$0
476th-Transcendence Technologies$0
477th↑Triple Energy$0
491 listed resources companies ranked by revenue.
Source: Morningstar

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