Intelligent Investor

Yandal Resources Limited (ASX: YRL) - Float & IPO Details

Current share price for YRL : $0.150 0.005 (3.23%)

Yandal Resources Limited (YRL) is an exploration company with a large portfolio of tenements in Western Australia primarily prospective for gold. The interests of the Company consist of 4 Projects, all of which are prospective for gold.

Yandal Resources Limited (YRL) floated on the Australian Securities Exchange (ASX) on Friday, 14 December 2018. The company opened its first day of trading with a share price of $0.21 which was up 5% from its offer price of $0.20 per share. The first day of trading for Yandal Resources Limited on the ASX saw its share price move between a low of $0.20 and a high of $0.22, before closing at $0.22 per share which was 10% above its original offer price of $0.20 per share.
YRL's current share price of $0.15 is a -$0.05 or 25% discount to its original offer price of $0.20.

YRL Float / IPO Details

Offer Open Date
Offer Close Date3 Dec 2018
Listing Date14 Dec 2018
Issue Price$0.20
Amount Raised$5,000,000
Shares Issued (new)25,000,000
Underwriter
Consultants
AuditorRothsay Auditing (Graham Swan)

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

Current Price$0.15-25%
First Day Open$0.215%
First Day High$0.2210%
First Day Low$0.200%
First Day Close$0.2210%
All-time High$0.70250%
All-time Low-100%
12-month High$0.17-15%
12-month Low-100%

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