Yandal Resources edges ahead of ask at launch


Posting any gain is a good thing and Yandal Resources Limited (YRL) has managed to do just that as it joined the ASX at 1pm today.

Resources sector IPOs have been plentiful this year, with most failing to match their initial ask at open, but Yandal has managed to slip investors a 5% gain as trade kicked off at 21 cents.

Prices are likely to shift with greater intent as results from ongoing exploratory works makes it way to market, keep track of Yandal’s performance on our 2018 Scorecard.