re: who needs priority buy on market Aura is listed today at 20c.
Further details include;
*It has just raised $5m (originally seeking $4m), has 36m shares on issue, will start with a market cap of $7.2m and has some of this tied up in escrow
*the shares were oversubscribed, and rumoured to have received $8m in applications
*40% is held by the top 20, so it looks pretty tight
*raising funds to explore for uranium in its licences in Western Australia and is looking for further acquisitions
Recent Listings;
ENR - ( Encounter Resources )
*focussed on uranium exploration in WA
*listed at 20c, $5.7m mkt cap or $11.4m mkt cap including options and restricted shares
*day 1 ( 24/3/06 ) it closed at 33c, peaked in following days at $1.15 ( 28/3/06 )
TOE ( Toro Energy Limited )
*split off from Oxiana, and is focussed on uranium exploration in SA
*25c listing, $18m mkt cap or $36m including escrowed restricted shares
*day 1 closed at 80c (24/3/06 ), peaked at $1.60 ( 27/3/06 ) before settling at 70.
UTO ( U308 Limited )
*uranium exploration in WA, SA and QLD
*20c listing on 8/5/06
*peaked at 81c, now trading at 36c, with mkt cap of $9.1m but including restricted shares and options is actually trading at $23m mkt cap
In summary, even though the wider market has fallen on the back of a resource sell off in the last 10 days, the uranium sector has remained fairly buoyant ( although well of recent highs ) and with political comments and interest remaining, its looks like uranium stocks are likely to be very well supported.
Aura Energy looks very cheap compared with it's peers on a market cap and quality basis and should be placed somewhere between ENR and TOE.
Watch the trading on day 1 closely, anything below 30c (market cap $10.8m at that price ) is a bargain.
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Last
15.5¢ |
Change
0.005(3.33%) |
Mkt cap ! $128.1M |
Open | High | Low | Value | Volume |
15.0¢ | 15.5¢ | 15.0¢ | $38.03K | 248.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 236599 | 15.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.5¢ | 72000 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 228265 | 0.150 |
7 | 698467 | 0.145 |
6 | 853571 | 0.140 |
2 | 330000 | 0.135 |
4 | 840997 | 0.130 |
Price($) | Vol. | No. |
---|---|---|
0.155 | 72000 | 4 |
0.160 | 310255 | 5 |
0.165 | 129000 | 2 |
0.170 | 323837 | 8 |
0.175 | 122300 | 3 |
Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
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