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Alderan in strong trading start

US-focused base metals explorer Alderan Resources (ASX: AL8) has made a positive start to trading in its debut session, after a heavily oversubscribed A$8.5 million (US$6.4 million) initial public offering.

Alderan in strong trading start Alderan in strong trading start Alderan in strong trading start Alderan in strong trading start Alderan in strong trading start

Alderan says Frisco in Utah is under-explored due to long term fragmented ownership

The stock finished its first day at A38c, 90% above its 20c issue price. Shares traded as high as 39c on volume of just over half a million shares.

The company has 61.3 million shares on i...

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