Mixed fortunes for our debuting companies today as PKS Holdings and Reneger Limited shares began trading around midday.
PKS has struggled to gain momentum and peaked at its asking price of 20 cents before hovering around 18-19 cents all afternoon. Sentiment is still quite positive in the twitterverse though with many stocking up for a longer play.
With the bigger of the two asks, at 80 cents, Renergen delivered the goods immediately and maintained prices in afternoon trade. Peaking at just over a $1 per share, things soon settled to back into the 90 cent bracket for a solid 20%-25% gain.