Shares in Superior Resources (SPQ) showed mixed results on its debut on Monday, opening at a 20% premium to its issue price of 20 cents only to fall 12.5% at close.
It reached a height of 25 cents during intraday trading, followed by a dip to a low 17.5 cents at the end of the day.
SPQ is a base metal explorer operating in the major base metal province of north-west Queensland, targeting copper and lead-zinc-silver deposits.
In its prospectus, the company said it has extensive comprehensive digital databases at its disposal and uses advanced exploration methods.
In addition, it holds 100% equity in all of its exploration Tenements; and holds 7 million fully paid shares in the issued capital of Deep Yellow Limited (DYL).
Projects include six granted tenements and one tenement application at Dajarra, one granted tenement and three tenement applications at Inca, one tenement at Myally, one granted tenement at Nicholson, and one tenement application at Victor.
