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OceanaGold falls 6% in first day of trading

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OceanaGold PH dropped a little over 6% in its first day of trading, falling P0.82 from its P13.33/share IPO price to close at P12.50/share.

] dropped a little over 6% in its first day of trading, falling P0.82 from its P13.33/share IPO price to close at P12.50/share. The highest the stock traded was P13.34 in the first 20 minutes of trading before consistent selling pressure pushed OGP price to an intra-day low of P12.46 around 1:30 PM. The stock mounted a significant recovery to around P12.90/share before a massive amount of late-day selling pushed it back down to the P12.50 level at the close.

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Source: Digital Coin News (digitalcoinnews.net)

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