Cool reception for Ardea

HERON Resources spin-off Ardea Resources has listed at a discount on the ASX today.

Cool reception for Ardea Cool reception for Ardea Cool reception for Ardea Cool reception for Ardea Cool reception for Ardea

Shares closed at A18c on the first day, 10% below the 20c issue price. The stock briefly reached 20.5c, on turnover of just under 2.7 million shares.

The company raised close to $5.