The Galan Lithium Limited (ASX: GLN) share price finished up more than 7% today amid an announcement on its wholly-owned lithium project in Argentina.

At market close, Galan shares finished at $1.82, an increase of 7.37% on the day.

Let’s take a closer look.

What did Galan announce today?

Galan advised a feasibility study tender on the company’s Hombre Muerto West (HMW) Project has been completed. It also announced the ongoing study has been awarded to global consultancy group Hatch.

The HMW Project is one of Galan’s three lithium brine exploration projects in South America. The next stage of the project is expected to be delivered late in the fourth quarter of 2022.

Galan’s Managing Director Juan Pablo (JP) Vargas de la Vega is optimistic about the company’s future:

The lithium industry is growing faster than anyone could anticipate requiring lithium batteries at an unprecedented rate. We would like to think that together we can make a small, however, important difference globally in helping to transition to an environmentally better world.

It’s more good news for Galan after it released a preliminary economic assessment (PEA) for its Candelas project last month. It found the company could be sitting on a $1.2 billion lithium resource at the site.

How has Galan Lithium performed over the year?

The Galan share price has been on a tear this year, up 427% in the last 12 months and 31% in just the last week.

The company has a current market capitalisation of around $535 million.

The post Here’s why the Galan Lithium (ASX:GLN) share price leapt 7% today appeared first on The Motley Fool Australia.

More reading

• Here’s why the Galan Lithium (ASX:GLN) share price popped today
• Galan Lithium (ASX:GLN) share price leaps 9% on ‘excellent’ project results

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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Are you interested in adding some ASX growth shares to your portfolio this month or in 2022? If you are, you may want to look at the ones listed below that have recently been named as buys.

Here’s what you need to know about them:

Breville Group Ltd (ASX: BRG)

The first ASX growth share to look at is Breville. It is the leading appliance manufacturer behind the Sage, Kambrook, Baratza, and eponymous Breville brands. Thanks to its investment in product development, these brands have been resonating well with consumers for many years. Much to the delight of shareholders, this has underpinned consistently solid sales and earnings growth. The good news is that this is expected to continue in the future thanks to favourable industry tailwinds, its continued investment in research and development, and its global expansion.

Macquarie is a very positive on Breville. The broker currently has an outperform rating and $34.37 price target on its shares.

Hipages Group Holdings Ltd (ASX: HPG)

Another ASX growth share to look at is Hipages. It is a leading Australian-based online platform and software as a service (SaaS) provider connecting consumers with trusted tradies. There are currently over 30,000 tradies using the platform, which is underpinning strong job volume and sales growth. In addition, the company just announced the acquisition of New Zealand rival Builderscrack. This gives Hipages access to a NZ$26 billion total addressable market and 4,000 active tradies.

Goldman Sachs is very bullish on Hipages. It currently has a buy rating and $5.15 price target on its shares.

Life360 Inc (ASX: 360)

A final ASX growth share to look at is Life360. This growing technology company is responsible for the Life360 mobile app. This market leading app is for families and offers useful features such as communications, driver safety, and location sharing. As of its last update, the company’s user base had reached 32 million globally. This is generating significant recurring revenues and opens the door to material cross and upselling opportunities for its recently acquired businesses. These are wearables company Jiobit and items tracking company Tile.

Bell Potter is bullish on the company’s future. It currently has a buy rating and $16.25 price target on its shares.

The post 3 excellent ASX growth shares to buy right now appeared first on The Motley Fool Australia.

More reading

• 3 hot ASX tech shares to buy in 2022
• Brokers name 3 ASX shares to buy today
• Why Hipages, IGO, Talga, and Vulcan shares are storming higher
• Goldman Sachs loves these ASX tech shares
• Here’s why the Life360 (ASX:360) share price is leaping 12% today

Motley Fool contributor James Mickleboro owns Life360, Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Hipages Group Holdings Ltd. and Life360, Inc. The Motley Fool Australia has recommended Hipages Group Holdings 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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The Beach Energy Ltd (ASX: BPT) share price has finished in the green today, defying a sector-wide slump on Tuesday.

At market close, shares in the energy producer were trading at $1.245, up 0.81%.

For some perspective, the S&P/ASX 200 Energy Index (ASX: XEJ) was down 0.97% today.

What’s new at Beach Energy?

Beach Energy informed investors it has appointed Rob Jager ONZM as an independent non-executive director.

Jager is best known for his career at Shell Energy. Over a career spanning more than 40 years, he has served in multiple executive roles including vice president in both Perth and New Zealand.

Recently, Jager completed a nine year stint as independent non-executive director with Air New Zealand.

Beach energy share price snapshot

The Beach Energy share price has slumped more than 34% in the past 12 months, falling around 31% this year to date.

The company’s shares dropped 1.19% in the past month but have picked up more than 6% in the last week.

The energy producer has a market capitalisation of about $2.8 billion.

The post Why did the Beach Energy (ASX:BPT) share price lift today? appeared first on The Motley Fool Australia.

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• The Beach Energy (ASX:BPT) share price dropped 15% in November. December is also off to a lousy start
• 5 things to watch on the ASX 200 on Wednesday

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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The Pointerra Ltd’s (ASX:3DP) share price finished the day up 17% after coming out of a trading halt with the announcement of three new US contracts.

The 3D geospatial data company resumed trading on the ASX this morning after requesting the halt on Friday with its share price frozen at 34.5 cents apiece.

Pointerra shares shot to 44.5 cents just after open, gaining 29%, before ending the session at 40.5 cents apiece.

Let’s take a closer look at what the company announced.

What news did Pointerra release this morning?

The company announced a series of contracts with both new and existing US energy utility customers this morning: Entergy Corporation (NYSE: ETR), Pacific Gas & Electric (NYSE: PCG), and Gulf Power, a division of NextEra Energy (NYSE: NEE).

Pointerra touts itself as the world’s fastest end-to-end 3D data solutions company.

The Entergy contract will bring in between US$2.37- $US4 million (A$3.29-$5.56 million) with the final sum to be determined in the coming weeks.

Entergy is a US electricity producer and retail distributor but also operates natural gas distribution businesses in the US south. It has engaged Pointerra to help the company respond to damage to its network caused by Hurricane Ida in August.

The Pacific Gas & Electric contract is for around US$0.70 million (A$0.97 million) to commence a ‘digital twin’ project. This involves mapping the US company’s assets in specific service areas over a 14 month period, starting 1 January 2022.

Finally, the collaboration with Gulf Power for US$0.05 million (A$0.07 million) covers processing work on the company’s existing Pointerra3D platform.

What does this mean for Pointerra?

During Pointerra’s recent Managing Director’s presentation, the company announced it was expecting material growth in annual contract value (ACV) from a number of sectors.

According to the presentation, the company’s previous ACV ran at US$11.7 million at the end of October.

This reflected continued efforts to add new customers and generate spending among existing customers in surveying and mapping, utilities, transport, mining, and oil and gas in both the US and Australian markets. 

The company said it is pushing to solve “sector-specific challenges” in “AEC, Transport, Mining, Oil & Gas and Defence during recent quarters” by 2022-23. It plans to do this by continuing to invest in new people, capabilities, product, and research and development.  

How has the Pointerra share price been performing this year?

The Pointerra share price has had a fairly volatile year, losing 23% of its value over the last 12 months and 20% year to date.

These returns have lagged the benchmark S&P/ASX 200 Index (ASX: XJO) which is up more than 10% over the past year.

The post Why the Pointerra (ASX:3DP) share price rocketed 17% today appeared first on The Motley Fool Australia.

More reading

• Here’s why Pointerra (ASX:3DP) shares are halted today

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Pointerra Limited. The Motley Fool Australia has recommended Pointerra Limited. 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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