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Saturn rings in successful float

FLEDGLING goldfields explorer Saturn Metals, which was swamped with interest in its oversubscribed A$7 million initial public offer, saw strong interest for its first day from under the wing of parent Peel Mining, in what was generally a lacklustre day for mining stocks.

Haydn Black
Saturn rings in successful float

Trading was thin, but saw the company surged 3c from its 20c lasting price, before closing at 21.5c as 274,000 shares changed hands. Interest in the stock is driven by the company’s large, prospective...

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