Mont Royal digs up a nice little Nugget for investors

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After what seemed like a never ending stream of resource based IPO’s last year, it’s been much quieter in the sector so far this year and what has appeared is not currently faring all that well (though African Gold did start strongly).

Mont Royal Resources Limited (MZR) is the latest mining company to go live and early signs are good. Currently sitting 17.5% up from its list, shares are trading hands at 23.5 cents vs the IPOs 20 cent ask.

MZR will use funds from its IPO to continue efforts on its Edjudina and Yule River gold projects, let’s see if they can do better than African Gold.