Intelligent Investor

Sierra Nevada Gold Inc. (ASX: SNX) - Float & IPO Details

- Current share price for SNX : $0.065

Sierra Nevada Gold Inc. (SNX) is a mineral exploration company exploring a portfolio of 100%-owned copper and gold projects in Nevada, USA, with drill-ready assets. SNX has the following Projects which includes New Pass, Warrior, Color back and Blackhawk Epithermal and Generative program. The Company is exploring five 100%-controlled projects in Nevada, all representing significant discovery opportunities for the company.

Sierra Nevada Gold Inc. (SNX) floated on the Australian Securities Exchange (ASX) on Tuesday, 3 May 2022. The company opened its first day of trading with a share price of $0.45 which was down 10% from its offer price of $0.50 per share. The first day of trading for Sierra Nevada Gold Inc. on the ASX saw its share price move between a low of $0.44 and a high of $0.52, before closing at $0.50 per share which was 0% below its original offer price of $0.50 per share.
SNX's current share price of $0.07 is a -$0.44 or 87% discount to its original offer price of $0.50.

SNX Float / IPO Details

Offer Open Date11 Mar 2022
Offer Close Date31 Mar 2022
Listing Date3 May 2022
Issue Price$0.50
Amount Raised$12,500,000
Shares Issued (new)25,000,000
Underwriter
Consultants
AuditorRSM Australia Pty Ltd

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

Current Price$0.07-87%
First Day Open$0.45-10%
First Day High$0.523%
First Day Low$0.44-12%
First Day Close$0.500%
All-time High$0.523%
All-time Low-100%
12-month High$0.25-50%
12-month Low-100%

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