Intelligent Investor

Pinnacle Minerals Limited (ASX: PIM) - Float & IPO Details

- Current share price for PIM : $0.080

Pinnacle Minerals Limited (PIM) is a mineral exploration company for the purpose of acquiring and then proceeding to explore and develop kaolinite and kaolin-halloysite projects in Western Australia and South Australia. The Company is headquartered in Subiaco, in Perth, Western Australia.

Pinnacle Minerals Limited (PIM) floated on the Australian Securities Exchange (ASX) on Wednesday, 23 March 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 Pinnacle Minerals Limited on the ASX saw its share price move between a low of $0.20 and a high of $0.23, before closing at $0.21 per share which was 5% above its original offer price of $0.20 per share.
PIM's current share price of $0.08 is a -$0.12 or 60% discount to its original offer price of $0.20.

PIM Float / IPO Details

Offer Open Date7 Feb 2022
Offer Close Date21 Feb 2022
Listing Date23 Mar 2022
Issue Price$0.20
Amount Raised$5,500,000
Shares Issued (new)27,500,000
Underwriter
Consultants
AuditorHall Chadwick Audit (WA) Pty Ltd

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

Current Price$0.08-60%
First Day Open$0.200%
First Day High$0.2312.50%
First Day Low$0.200%
First Day Close$0.215%
All-time High$0.3257.50%
All-time Low-100%
12-month High$0.3257.50%
12-month Low-100%

Other floats & IPOs around the same time as Pinnacle Minerals Limited (PIM)

Security Code Company Offer Open Offer Close Listing Issue Price Current Price Gain
OSM Osmond Resources Limited 24 Feb 2022 17 Mar 2022 22 Apr 2022 $0.20 $0.07 -67.50%
PR1 Pure Resources Limited 14 Mar 2022 18 Mar 2022 21 Apr 2022 $0.20 $0.11 -47.50%
RLF RLF AgTech Ltd 25 Feb 2022 10 Mar 2022 21 Apr 2022 $0.20 $0.06 -68.50%
NYM Narryer Metals Limited 8 Mar 2022 24 Mar 2022 14 Apr 2022 $0.20 $0.05 -75%
FTL Firetail Resources Limited 7 Mar 2022 28 Mar 2022 13 Apr 2022 $0.25 $0.03 -86.40%
FDR Finder Energy Holdings Limited 7 Mar 2022 14 Mar 2022 8 Apr 2022 $0.20 $0.06 -72.50%
NHE Noble Helium Limited 28 Feb 2022 28 Mar 2022 8 Apr 2022 $0.20 $0.09 -57.50%
IG6 International Graphite Limited 1 Mar 2022 15 Mar 2022 7 Apr 2022 $0.20 $0.14 -30%
LRD Lord Resources Limited 14 Feb 2022 14 Mar 2022 7 Apr 2022 $0.20 $0.05 -75%
AQLT BetaShares Australian Quality ETF 6 Apr 2022 $27.52
MAP Microba Life Sciences Limited 21 Feb 2022 14 Mar 2022 5 Apr 2022 $0.45 $0.18 -60%
TEE Top End Energy Limited 25 Nov 2021 10 Mar 2022 4 Apr 2022 $0.20 $0.12 -40%
JZRO Janus Henderson Net Zero Active ETF (Managed Fund) 30 Mar 2022 $28.66
EDOC BetaShares Digital Health and Telemedicine ETF 30 Mar 2022 $8.83
FEG Far East Gold Ltd 2 Dec 2021 16 Mar 2022 28 Mar 2022 $0.20 $0.15 -27.50%
NFL Norfolk Metals Limited 1 Feb 2022 21 Feb 2022 22 Mar 2022 $0.20 $0.17 -17.50%
NNUK Nanuk New World Fund (Managed Fund) 21 Mar 2022 $2.04
SLB Stelar Metals Limited 2 Feb 2022 18 Feb 2022 18 Mar 2022 $0.20 $0.07 -65.50%
CSF Catalano Seafood Ltd 24 Dec 2022 10 Feb 2022 11 Mar 2022 $0.20 $0.04 -80%
USQ US Student Housing REIT 17 Jan 2022 7 Feb 2022 8 Mar 2022 $1.38 $1.05 -23.91%
OM1 Omnia Metals Group Limited 28 Jan 2022 10 Feb 2022 2 Mar 2022 $0.20 $0.08 -61%
5EA 5E Advanced Materials Inc. 1 Mar 2022 $0.20

DISCLOSURE: InvestSMART Group Limited employees may have an interest in the securities and managed funds displayed via this service. Please refer to our Financial Services Guide for more information.

Data shown on this website is sourced by Morningstar
© 2017 Morningstar. All rights reserved. Neither any Morningstar company nor any of their content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice has been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or Morningstar Research Limited, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. You should consider the advice in light of these matters and, if applicable, the relevant Product Disclosure Statement (in respect of Australian products) or Investment Statement (in respect of New Zealand products) before making any decision to invest. No Morningstar-affiliated company or any of their employees is providing you with personalised financial advice. To obtain advice tailored to your particular circumstances, please contact a professional financial adviser. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only.