CAPITAL MARKETS

Punters favour coal over biotech

SHARES of Xceed Resources, a rebadged former biotech company, closed up 945.5% to 20.8c today as it relisted after a $9 million capital raising to advance its thermal coal projects in South Africa.

Blair Price
Punters favour coal over biotech

Previously trading a little more than 2c as Xceed Capital, the company placed 45 million shares at 20c apiece today. This gave it a market capitalisation of $18.1 million, including $12 million cash and...

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