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Most companies that have joined the ASX so far this calendar year are now trading in negative territory.
About 70 companies have joined the exchange to date, and only 21 have delivered gains for investors.
Top gains for 2022 debutants
The best-performing newcomer is junior explorer Far East Gold (FEG), which listed in March and is trading up about 222.5 per cent at 64.5 cents.
The company has copper and gold projects in Australia and Indonesia and raised $11.73 million through its 20-cent IPO.
FEG had a gradual climb from a base of 23 cents but has topped its chart at 76.5 cents.
Not far behind FEG is nickel-focussed NICO Resources (NC1), which is up 220 per cent. Its highest price point was $1.87 (today at 64 cents). It listed in January after raising $12 million.
Lithium Plus Minerals (LPM) has gained 194 per cent from its $10 million IPO priced at 25 cents. It listed in April with projects in the Northern Territory and has EV battery manufacturer Suzhou CATH Energy Technologies Co as its cornerstone investor.
Another lithium company with triple-digit gains is Oceana Lithium (OCN), which listed in July and has since gained 145 per cent (20 cents to 48.5 cents).
Meanwhile, the share price of January-listed gold and nickel explorer Belararox (BRX) has more than doubled — gaining 110 per cent — from 20 cents to 41 cents. It raised more than $5 million through the IPO process. The company has two projects: one in New South Wales and the Coolgardie project in Western Australia. Traders have paid as much as $1.53 for these shares.
To the worst performers of 2022 so far
The biggest loser is pay-on-demand company Beforepay Group (B4P), which debuted in mid-January after raising $35 million with $3.41 shares.
It hasn’t seen anywhere near that price since. BeforePay’s peak price was $2.51, and after a long slide, it’s trading at just 35 cents — a painful 89.74-per-cent plunge. And today’s price is better than the B4P trough of 22 cents.
After an April listing, equities research and trade platform Halo Technologies (HAL) has proven no stock market angel, plunging from its $26.1 million IPO price of $1.20 a share to just 27 cents (down 77.5 per cent).
Another stock market advisory company, Equity Story Group (EQS), which listed in May, has fallen to 5.5 cents, more than 72 per cent. It raised $4.64 million at 20 cents.
Meanwhile, February debutant My Rewards International (MRI) — an employee, loyalty and consumer rewards provider — is down 75 per cent trading at 5 cents after kicking off its listing with a $5 million IPO with 20-cent shares. MRI hasn’t seen trade back at that level yet, with its highest price so far: 14.5 cents.
Mining tech company Orexplore Technologies (OXT) listed in January but is trading down 68 per cent at 8 cents a share — and that’s a recovery from its low of 6 cents.
The Perth-based company demerged from Swick Mining Services (SWK), raising $2.44 million with 25-cent shares.
Stock prices at 9:00 am AEDT.
