Spectacular debut for Alderan

BASE metals explorer Alderan Resources has made a very positive start to trading in its debut session, after a heavily oversubscribed A$8.5 million initial public offering.

Spectacular debut for Alderan Spectacular debut for Alderan Spectacular debut for Alderan Spectacular debut for Alderan Spectacular debut for Alderan

The stock, which trades under the ticker code AL8, finished its first day at 38c – 90% above its 20c issue price.

Shares traded as high as 39c on volume of just over half a million shares.