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Fertoz Limited is a three-bagger since listing, Canadian phosphate focus

Published: 09:00 20 Sep 2013 AEST

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Fertoz Limited (ASX: FTZ) has more than tripled its $0.20 IPO price in the first weeks of trading on the Australian Stock Exchange.

The company is now one of the best performing new listings in recent memory, with investors supporting the focus on Canadian phosphate.

The company's shares closed 3.2% higher yesterday at $0.62, an all-time-high, on volume of 875,000 traded.

Fertoz aims to transition to a fertiliser producer initially supplying Canadian and U.S. markets, and will start its journey evaluating its exploration tenements.

These tenements include Wapiti, Barnes Lake and Crows Nest in Canada, with the company targeting any potential direct shipping ore projects with 24% to 28% phosphate rock, which is capable of generating early cash flow with relatively low capital costs.

Wapiti East is the company’s flagship project, and is proximate to transport and infrastructure associated with the coal mines at Tumbler Ridge.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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