Day: September 20, 2021

Core Lithium (ASX:CXO) share price lifts amid bosses’ optimistic outlook

a man in a hard hat and overalls raises his arms and holds them out wide as he smiles widely in an optimistic and welcoming gesture.

The Core Lithium Ltd (ASX: CXO) share price is lifting amid news the company plans to reach steady state production in financial year 2023.

Core Lithium’s chair Greg English also noted lithium industry forecasters’ optimistic predictions. He stated experts predict the commodity’s price will grow considerably in the medium-term.

That would place the company’s Finniss Lithium Project‘s commencement date in direct alignment with increasing demand.

The comments were released this morning in the company’s 2021 annual report.

At the time of writing, the Core Lithium share price is 41.5 cents, 1.22% more than its previous close.

Let’s take a closer look at what Core Lithium’s bosses expect the company will achieve in the future.

Core Lithium’s directors look to a prosperous future

The Core Lithium share price is gaining on the back of the company’s 2021 annual report.

Within the report, English commented the company will be focusing on its Finniss Lithium Project and the land surrounding it in the Northern Territory this financial year.

Construction on the project is set to begin shortly.

He also flagged the company might look to acquire nearby lithium and tin tenements. It also plans to attempt to grow the Finniss mine’s life to more than 10 years.

Additionally, Core Lithium’s managing director Stephen Biggins noted underinvestment in lithium supply has left the world with a shortage of low-risk projects like Finniss.

According to Biggins, Finniss will be the only lithium mine in the Northern Territory.

Core Lithium also expects to be the only ASX-listed, Australian-based company beginning new lithium spodumene concentrate production in 2022.

The project is expected to produce 175,000 tonnes of spodumene concentrate each year from late next year.

That’s right when Core Lithium’s managing director and chair believe demand for the product will increase, leaving the company in a strategically fortunate position from 2023 and onwards.

Core lithium share price snapshot

The Core Lithium share price has been performing well on the ASX lately.

It is currently 186% higher than it was at the start of 2021. It has also gained a whopping 888% since this time last year.

The post Core Lithium (ASX:CXO) share price lifts amid bosses’ optimistic outlook appeared first on The Motley Fool Australia.

Should you invest $1,000 in Core Lithium right now?

Before you consider Core Lithium, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Core Lithium wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

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Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned.

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Why Atlas Arteria, Baby Bunting, De Grey Mining, & New Hope are pushing higher

share price rise

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) has bounced back from a very bad start and is edging higher. At the time of writing, the benchmark index is up slightly to 7,254.8 points.

Four ASX shares that are climbing more than most today are listed below. Here’s why they are pushing higher:

Atlas Arteria Group (ASX: ALX)

The Atlas Arteria share price is up over 2% to $6.79. This morning the toll road operator announced its distribution for the first half. According to the release, Atlas Arteria will pay 15.5 Australian cents per stapled security for the six months ended 30 June 2021. This consistent with guidance provided with its half year results announcement.

Baby Bunting Group Ltd (ASX: BBN)

The Baby Bunting share price is up almost 3% to $5.42. This gain appears to have been driven by a broker note out of Citi this morning. According to the note, the broker has upgraded the baby products retailer’s shares to a buy rating with an improved price target of $5.98. It believes recent weakness in its share price has brought it down to an attractive level.

De Grey Mining Limited (ASX: DEG)

The De Grey Mining share price is up 2% to 98.8 cents. This morning the gold explorer announced that good gold recoveries were achieved at the Falcon and Crow deposits. Management notes that the results from Falcon and Crow are consistent with the positive results previously achieved from the Brolga and Aquila zones at Hemi prospect.

New Hope Corporation Limited (ASX: NHC)

The New Hope share price is up over 3.5% to $2.13. Investors have been buying the coal miner’s shares after it reported a big improvement in its full year profits. New Hope revealed a net profit after tax (NAPT) of $79 million for FY 2021. This compares to a loss of $157 million in the previous year. The improvement was driven by strong coal prices and improved costs.

The post Why Atlas Arteria, Baby Bunting, De Grey Mining, & New Hope are pushing higher appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Baby Bunting. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Which ASX 300 shares are the biggest winners and losers on Tuesday?

changing asx share price represented by up and down arrows on line graph

The S&P/ASX 300 Index (ASX: XKO) is edging slightly higher in afternoon trade, after spending the morning in the red.

At the time of writing, the ASX 300 is up 0.07% to 7,255 points. The index fell almost 3% over the last 2 trading days. Yesterday, the ASX 300 recorded its steepest one-day drop in the past 6 months.

Let’s take a look at which ASX companies are leading the charge today.

New Hope Corporation Limited (ASX: NHC)

The New Hope share price is surging 5.34% to $2.17 in early afternoon trade.

The coal miner delivered its full-year results to the market, highlighting a $337 million profit turnaround. Underpinning the robust performance has come from the strength of coal prices and a supply shortage of fossil fuels.

The board declared a fully franked final dividend of 7 cents per share to be paid to eligible shareholders on 9 November.

Champion Iron Ltd (ASX: CIA)

The Champion Iron share price is rebounding from its 12.33% heavy loss yesterday. At the time of writing, the iron ore miner’s shares are up 4.91% to $4.70.

With no market sensitive news out of the company today, it appears investors are taking advantage of the share price weaknesses.

In the past week, Champion Iron shares have fallen almost 15%, hitting a new year-to-date low of $4.35.

Whitehaven Coal Ltd (ASX: WHC)

Another strong mover for today is the Whitehaven share price, up 3.27% to $2.84.

The Australian-based coal miner’s shares have risen on the back of rising coking coal prices.

On Friday, premium hard coking coal from Queensland sold for US$379 per tonne, a new record price.

Investors are buying up Whitehaven shares as the company will be producing bumper profits for the time being.

And which ASX 300 companies are heading south?

APA Group (ASX: APA)

Sinking today is the APA share price, down 4.05% to $8.52 a pop.

The leading Australian energy infrastructure business entered into a bidding war for AusNet Services Ltd (ASX: AST). Yesterday, Brookfield Asset Management made a non-binding offer to acquire AusNet for $2.50 per share.

However, APA has upped the ante, by making a non-binding indicative proposal for $2.60 per share in cash and scrip.

Temple & Webster Group Ltd (ASX: TPW)

Also being weighed down by investors today is the Temple & Webster share price, down 4.05% to $12.31 cents.

The online furniture and homewares retailer hasn’t released any new news this week. A possible catalyst for its shares falling could be the uncertainty in the sector relating to COVID-19.

The post Which ASX 300 shares are the biggest winners and losers on Tuesday? appeared first on The Motley Fool Australia.

Should you invest $1,000 in ASX 300 right now?

Before you consider ASX 300, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and ASX 300 wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

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Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Temple & Webster Group Ltd. The Motley Fool Australia owns shares of and has recommended APA Group. The Motley Fool Australia has recommended Temple & Webster Group Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Why the GTI Resources (ASX:GTR) share price has boomed 100% in a month

Young boy looks shocked as he lifts glasses above his eye in front of a stockmarket graph.

The GTI Resources Ltd (ASX: GTR) share price has soared well into the green over the last month of trading. At the time of writing, shares are changing hands at 4.1 cents apiece, a rise of 5.13% on the previous close.

Whereas the S&P/ASX 200 Index (ASX: XJO) is in the red over the past month, GTI shares have jumped 105%.

Let’s take a look at what’s fuelling this growth.

What’s happening with GTI Resources lately?

The GTI Resources share price has been on the move since the company announced the acquisition of Branka Minerals Pty Ltd last month.

Branka is the “holder of [approximately] 22,000 acres of several groups of strategically located and under-explored mineral lode claims and 2 state leases” in the US that are prospective for “sandstone uranium”, according to GTI.

As a result of the acquisition, GTI will “control the largest non-US, Russian or Canadian owned uranium exploration landholding in the GDB with around 21,000 acres”.

GTI then gave an investor presentation at the beginning of September to highlight the “high potential” projects at its newly acquired site.

In its presentation GTI detailed several investment highlights, ranging from strategy to climate change to the projects themselves.

Investors appear to have adored the company’s prospects. The GTI Resources share price soared 147% to a high of 4.7 cents on 16 September, before retracing back down to today’s level.

One other factor that is heavily weighing in on GTI’s shares is the current price uranium is fetching in the commodity markets.

Uranium’s price chart has shot up since mid-August – in perfect timing with GTI’s announcements – and now trades at US$49.90 per pound.

That’s a 66% gain from the previous low of US$30 per pound on 16 August.

GTI is an ASX resource share that is involved in the production of commodities. As such, its share price can and does fluctuate with volatility in the broader commodity markets.

In light of this relationship, the bombastic price action of uranium, and GTI’s recent acquisition, it starts to make sense why the GTI share price has gained more than 100% in the last month.

GTI Resources share price snapshot

The GTI share price has gained 74% this year to date as a result of this past month’s recent gains.

In the past week alone, it has climbed a further 11% into the green, well ahead of the benchmark indices.

This is also well ahead of the broad ASX 200 index’s gain of around 14% since January 1. As uranium continues to fetch such high prices, GTI appears to be one of the beneficiaries.

The post Why the GTI Resources (ASX:GTR) share price has boomed 100% in a month appeared first on The Motley Fool Australia.

Should you invest $1,000 in GTI Resources right now?

Before you consider GTI Resources, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and GTI Resources wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

The author Zach Bristow has no positions in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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