Australia's Greentech Metals rises on ASX debut

Greentech Metals

04/01/2022 02:15

** Shares of copper and nickel mine operator  GRE.AX  climb
as much as 50% to A$0.300 on market debut
    ** Shares open trading at A$0.290
    ** Greentech raises A$5 mln ($3.60 mln) in an initial public
offering at issue price of A$0.20 per share  urn:newsml:reuters.com:*:nFWN2TJ0XR
    ** Says drilling at its Whundo Copper Project is expected to
commence in January, aiming for extensions to its greenfields
copper exploration targets
    ** GRE stock last up 37.5% at A$0.275, with more than 1.3
mln shares trading hands

($1 = 1.3891 Australian dollars)

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