Intelligent Investor

Litchfield Minerals Limited (ASX: LMS) - Float & IPO Details

- Current share price for LMS : $0.210

Litchfield Minerals Limited (LMS) has conducted mineral exploration and activities in the Northern Territory of Australia since that time, primarily for copper tungsten, rare earth elements, uranium, and gold. The company's primary asset is exploration licence EL 31305, being the Mount Doreen Tenement.

Litchfield Minerals Limited (LMS) floated on the Australian Securities Exchange (ASX) on Friday, 15 March 2024. The company opened its first day of trading with a share price of $0.19 which was down 7.50% from its offer price of $0.20 per share. The first day of trading for Litchfield Minerals Limited on the ASX saw its share price move between a low of $0.18 and a high of $0.20, before closing at $0.19 per share which was 5% below its original offer price of $0.20 per share.
LMS's current share price of $0.21 is a $0.01 or 5% premium to its original offer price of $0.20.

LMS Float / IPO Details

Offer Open Date31 Jan 2024
Offer Close Date28 Feb 2024
Listing Date15 Mar 2024
Issue Price$0.20
Amount Raised$5,500,000
Shares Issued (new)27,500,000
Underwriter
Consultants
AuditorMoore Australia Audit (WA)

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

Current Price$0.215%
First Day Open$0.19-7.50%
First Day High$0.200%
First Day Low$0.18-10%
First Day Close$0.19-5%
All-time High$0.2210%
All-time Low$0.14-30%
12-month High$0.2210%
12-month Low$0.14-30%

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