Uranium explorer Energy Metals capitalised on public discussion about nuclear fuel when it listed on Friday at four times its issue price.For more on Bigrlyi, click here.
Although shares dropped from $1 to 86.5c by the end of the day, investors in the $3 million float who bought at 25c a share more than tripled their outlay.
Energy Metals is a spin-off from gold and nickel explorer Jindalee Resources, designed to feed the strong sentiment towards pure uranium companies. Jindalee maintained a 45 per cent stake in the new company.
Energy Metals' main project is the Bigrlyi uranium deposit in the Northern Territory, 390 kilometres west of Alice Springs.
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