CAPITAL MARKETS

Sovereign makes royal debut

COPPER-gold hopeful Sovereign Metals had a grand first day on the stock market, with its shares reaching an intra-day premium of 135% to its 20c issue price.

Kate Haycock
Sovereign makes royal debut

After opening at 35c, the company’s shares climbed to a high of 47c before settling down to 42.5c at the close of trade, or a 112% return for its stags. The company initially offered 29.6 million shares...

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