Australia's Cooper Metals rises on ASX debut

Cooper Metals

19/11/2021 03:24

** Shares of Cooper Metals Ltd  CPM.AX  rise as much as 10%
in their market debut, compared with its issue's price of
A$0.220
    ** The copper-gold explorer raises A$4.8 mln ($3.49 mln) in
an initial public offering  urn:newsml:reuters.com:*:nASX50Z9Fx
    ** Says co is now well funded to execute its copper and gold
exploration strategy with projects located in Queensland and
Western Australia 
    ** As at 0318 GMT, CPM shares were up 5% at A$0.210 with
more than 1.8 mln shares trading hands
    ** Stock opened trading at A$0.205

($1 = 1.3751 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))