Archer takes a shot at ASX

SOUTH Australian-focused junior explorer Archer opened on the Australian Stock Exchange yesterday at a 20% discount.

Archer takes a shot at ASX Archer takes a shot at ASX Archer takes a shot at ASX Archer takes a shot at ASX Archer takes a shot at ASX

The company’s shares opened at 16c, 4c lower than its initial public offering price of 20c.

Archer issued 35 million shares to raise $7 million during its IPO.

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