Intelligent Investor

Oceana Lithium Limited (ASX: OCN) - Float & IPO Details

- Current share price for OCN : $0.050

Oceana Lithium Limited (OCN) is a mineral exploration and development company with advanced early-stage lithium exploration projects in prime mining jurisdictions in Ceara State, Brazil and the Northern Territory, Australia.

Oceana Lithium Limited (OCN) floated on the Australian Securities Exchange (ASX) on Friday, 1 July 2022. The company opened its first day of trading with a share price of $0.33 which was up 65% from its offer price of $0.20 per share. The first day of trading for Oceana Lithium Limited on the ASX saw its share price move between a low of $0.30 and a high of $0.36, before closing at $0.30 per share which was 50% above its original offer price of $0.20 per share.
OCN's current share price of $0.05 is a -$0.15 or 75% discount to its original offer price of $0.20.

OCN Float / IPO Details

Offer Open Date12 Apr 2022
Offer Close Date22 Apr 2022
Listing Date1 Jul 2022
Issue Price$0.20
Amount Raised$6,000,000
Shares Issued (new)30,000,000
Underwriter
Consultants
AuditorMoore Audit Australia (WA)

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

Current Price$0.05-75%
First Day Open$0.3365%
First Day High$0.3680%
First Day Low$0.3050%
First Day Close$0.3050%
All-time High$0.80300%
All-time Low-100%
12-month High$0.43112.50%
12-month Low-100%

Other floats & IPOs around the same time as Oceana Lithium Limited (OCN)

Security Code Company Offer Open Offer Close Listing Issue Price Current Price Gain
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BTE Botala Energy Ltd 24 May 2022 14 Jun 2022 14 Jul 2022 $0.20 $0.09 -57.50%
R8R Regener8 Resources NL 10 May 2022 14 Jun 2022 8 Jul 2022 $0.20 $0.13 -37.50%
MGA MetalsGrove Mining Ltd 21 May 2022 13 Jun 2022 6 Jul 2022 $0.20 $0.05 -75%
USTB ETFS US Treasury Bond (Currency Hedged) ETF 5 Jul 2022 $9.04
USHY ETFS USD High Yield Bond (Currency Hedged) ETF 5 Jul 2022 $10.24
BIM Bindi Metals Limited 13 Apr 2022 29 Apr 2022 28 Jun 2022 $0.20 $0.08 -60%
LLL Leo Lithium Limited 9 May 2022 25 May 2022 23 Jun 2022 $0.70 $0.51 -27.86%
OD6 OD6 Metals Limited 18 May 2022 24 May 2022 22 Jun 2022 $0.20 $0.07 -64.50%
CVR Cavalier Resources Limited 11 Apr 2022 20 May 2022 17 Jun 2022 $0.20 $0.21 2.50%
KNG Kingsland Minerals Ltd 20 Apr 2022 18 May 2022 14 Jun 2022 $0.20 $0.26 27.50%
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TANN BetaShares Solar ETF 10 Jun 2022 $7.70
SPD Southern Palladium Limited 2 May 2022 6 May 2022 8 Jun 2022 $0.50 $0.44 -13%
UVA Uvre Limited 20 Apr 2022 17 May 2022 7 Jun 2022 $0.20 $0.11 -45%
GLOB Barrow Hanley Global Share Fund (Managed Fund) 6 Jun 2022 $4.57
IEAT BetaShares Future of Food ETF 2 Jun 2022 $10.70
VNGS Vaughan Nelson Global SMID Fund (Managed Fund) 1 Jun 2022 $2.95
NNL Nordic Nickel Limited 20 Apr 2022 11 May 2022 1 Jun 2022 $0.25 $0.13 -50%

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