07/08/2020 - 15:50

WA explorer's value doubles

07/08/2020 - 15:50

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WA company Suvo Strategic Minerals completed a backdoor listing on the ASX today, seeing its share price almost double on the first day of trading.

WA explorer's value doubles
SUVO managing director Aaron Banks (left) and executive chairman Robert Martin.

WA company Suvo Strategic Minerals completed a backdoor listing on the ASX today, seeing its share price almost double on the first day of trading.

The kaolin and silica sand exploration company conducted a capital raising at 2c per share, taking $5 million through the process.

Its shares hit a high of 4c today, closing at 3.9c after more than $800,000 worth of shares were traded.

The backdoor listing was completed via shell of ASX-listed, Israel-based lithium-ion battery developer Ultracharge.

 

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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