CAPITAL MARKETS

Merah stays afloat

WESTERN Australian explorer Merah Resources has finished in positive territory on its first day of trading on the Australian Securities Exchange.

Kristie Batten
Merah stays afloat

The company’s share hit an intraday high of A22.5c before closing at 21c, a 5% premium to its 20c issue price, on volume of 210,000. Merah raised $2.8 million in its initial public offering after seeking...

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