Intelligent Investor

North Stawell Minerals Ltd (ASX: NSM) - Float & IPO Details

- Current share price for NSM : $0.038

North Stawell Minerals Ltd (NSM) aims to be a gold explorer and hold interests in highly prospective tenements to the North of the 5Moz Stawell Gold Mine in Victoria, Australia in order to achieve this goal. The Company is exploring prospective tenements located along strike of, and to the immediate north of the Stawell Gold Field which has produced in excess of five million ounces of gold.

North Stawell Minerals Ltd (NSM) floated on the Australian Securities Exchange (ASX) on Thursday, 24 September 2020. The company opened its first day of trading with a share price of $0.44 which was down 12% from its offer price of $0.50 per share. The first day of trading for North Stawell Minerals Ltd on the ASX saw its share price move between a low of $0.43 and a high of $0.52, before closing at $0.49 per share which was 2% below its original offer price of $0.50 per share.
NSM's current share price of $0.04 is a -$0.46 or 92.40% discount to its original offer price of $0.50.

NSM Float / IPO Details

Offer Open Date6 Aug 2020
Offer Close Date28 Aug 2020
Listing Date24 Sep 2020
Issue Price$0.50
Amount Raised$20,000,000
Shares Issued (new)40,000,000
Underwriter
Consultants
AuditorGrant Thornton Audit Pty Ltd

NSM Float / IPO Performance (relative to an issue price of $0.50)

Current Price$0.04-92.40%
First Day Open$0.44-12%
First Day High$0.523%
First Day Low$0.43-14%
First Day Close$0.49-2%
All-time High$0.5510%
All-time Low-100%
12-month High$0.16-68%
12-month Low-100%

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