Uranium King Listed (UKL)

Submitted by Craig Strzelecki on 4 September, 2006 - 22:54

Uranium King (UKL)

Uranium King (UKL) officially listed today and started trading ay 48 cents a share which represents a 92 percent rise from their float offer price of only 25 cents. The company was established to acquire, explore and potentially develop uranium projects within the United States. The company had planned to sell up to 26 million shares to raise $6.5 million. The prospectus had stated that Uranium King is planning to spend $5.19 million on exploration, while the costs of the initial public offer would be $455,000 and working capital needs would be about $943,000.

Uranium King Limited is listed on the Australian Stock Exchange (ASX) under stock code UKL. You can view their investor website here. The company listed on the ASX on the 4th of September, 2006. Uranium King is in the energy industry. Browse for other broker recommendations. Check your charts and good luck with your share trading!