Intelligent Investor

Heavy Rare Earths Limited (ASX: HRE) - Float & IPO Details

- Current share price for HRE : $0.035

Heavy Rare Earths Limited (HRE) focus is on developing rare earth projects in Australia. It currently operates on four 100 per cent-owned projects: Cowalinya, Merino and Perenjori in Western Australia, and Duke in the Northern Territory.

Heavy Rare Earths Limited (HRE) floated on the Australian Securities Exchange (ASX) on Wednesday, 24 August 2022. The company opened its first day of trading with a share price of $0.20 which was down 0% from its offer price of $0.20 per share. The first day of trading for Heavy Rare Earths Limited on the ASX saw its share price move between a low of $0.20 and a high of $0.28, before closing at $0.26 per share which was 30% above its original offer price of $0.20 per share.
HRE's current share price of $0.04 is a -$0.17 or 82.50% discount to its original offer price of $0.20.

HRE Float / IPO Details

Offer Open Date13 Jul 2022
Offer Close Date2 Aug 2022
Listing Date24 Aug 2022
Issue Price$0.20
Amount Raised$6,000,000
Shares Issued (new)30,000,000
Underwriter
Consultants
AuditorWilliam Buck Audit (Vic) Pty Ltd

HRE Float / IPO Performance (relative to an issue price of $0.20)

Current Price$0.04-82.50%
First Day Open$0.200%
First Day High$0.2840%
First Day Low$0.200%
First Day Close$0.2630%
All-time High$0.2840%
All-time Low-100%
12-month High$0.13-35%
12-month Low-100%

Other floats & IPOs around the same time as Heavy Rare Earths Limited (HRE)

Security Code Company Offer Open Offer Close Listing Issue Price Current Price Gain
OCT Octava Minerals Limited 27 Jun 2022 22 Jul 2022 16 Sep 2022 $0.20 $0.04 -80%
ROYL BetaShares Global Royalties ETF 13 Sep 2022 $9.39
T92 Terra Uranium Limited 4 Aug 2022 25 Aug 2022 8 Sep 2022 $0.20 $0.13 -35%
ITEK iShares Future Tech Innovators ETF 17 Aug 2022 $27.01
IGRO iShares High Growth ESG ETF 17 Aug 2022 $30.84
IBAL iShares Balanced ESG ETF 17 Aug 2022 $28.04
AESG iShares Global Aggregate Bond ESG (AUD Hedged) ETF 11 Aug 2022 $94.81
SUM Summit Minerals Limited 13 May 2022 4 Jul 2022 5 Aug 2022 $0.20 $0.11 -45%
MTAV BetaShares Metaverse ETF 4 Aug 2022 $14.60
CBH Coolabah Metals Limited 9 May 2022 6 Jun 2022 28 Jul 2022 $0.20 $0.04 -80%
SRX Sierra Rutile Holdings Limited 27 Jul 2022 $0.13

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