Month: May 2022

The S&P/ASX 200 Index (ASX: XJO) has decisively broken its winning streak this week. The ASX 200 has been sold off sharply this Thursday, recording a fall of 1.65% at the time of writing to be back under 7,100 points.

But rather than dwelling on that, let’s instead check out the shares that are currently sitting at the top of the ASX 200 trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Thursday

Liontown Resources Limited (ASX: LTR)

ASX 200 lithium hopeful Liontown Resources is our first share to check out today. Liontown has had a notable 14.54 million shares trade owners so far this Thursday. There have been no new announcements or news out of Liontown itself today. However, this ASX lithium stock has taken a nasty share price tumble. It has lost 4.6% today and is now going for $1.25 a share. It’s this steep fall that we can probably blame for this elevated trading volume.

Telstra Corporation Ltd (ASX: TLS)

Telstra is our next share worth a look. This ASX 200 telco has had a hefty 15.8 million shares bought and sold on the ASX today. Telstra also hasn’t come out with any news of note today, save for a routine share buyback notice. My Fool colleague, Tony, reported earlier that Telstra has lost some market share to small providers like Aussie Broadband Ltd (ASX: ABB), according to a new report from the Australian Competition and Consumer Commission. The ASX blue chip has been caught up in the woes of the market today, with its shares losing 1.5% to be priced at $3.91 a share. It could be the combination of this fall and Telstra buying back its own shares that have resulted in this high volume.

Pilbara Minerals Ltd (ASX: PLS)

Another ASX 200 lithium stock rounds out our list today. Pilbara has had a sizeable 16.4 million shares change hands thus far today. Here, it seems we have some good old-fashioned volatility to thank for this volume. Pilbara shares crashed at the market open this morning, falling more than 4% to $2.63. However, the company has staged something of a recovery. The Pilbara Minerals share price is now at $2.76, down by 1.43%, and only three cents from where it closed yesterday.

The post These 3 shares are topping the ASX 200 volume charts on Thursday appeared first on The Motley Fool Australia.

More reading

• 3 ASX 200 shares defying today’s carnage to climb higher
• Zip share price dives to yet another multi-year low
• ASX 200 midday update: Aristocrat’s earnings beat, Webjet flops, retailers smashed
• These ASX 200 companies just lost market share to a small-cap rival
• ASX 200 shares tumble following worst day on Wall Street in 2 years

Motley Fool contributor Sebastian Bowen has positions in Telstra Corporation Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Aussie Broadband Limited. The Motley Fool Australia has positions in and has recommended Telstra Corporation Limited. The Motley Fool Australia has recommended Aussie Broadband Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/Awejfnq

Today has proven disastrous for many S&P/ASX 200 Index (ASX: XJO) retail shares as the market reacts to news from overseas.

Right now, the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) is the ASX 200’s second worst performing sector.

It’s down 2.9% at the time of writing. Comparatively, the broader ASX 200 is recording a 1.56% slump.

And some of the consumer discretionary sector’s biggest names are among its biggest fallers on Thursday.

So, what’s going so wrong for ASX 200 retail shares today? Let’s take a look.

Why are ASX 200 retail shares struggling?

Some of the ASX 200’s most recognisable retail shares are among today’s worst performers. And there’s a good reason behind their dip.

The Wesfarmers Ltd (ASX: WES) share price is the sector’s worst performer, recording a 7.41% fall.

On its heels are those of JB Hi-Fi Limited (ASX: JBH) and Super Retail Group Ltd (ASX: SUL) with falls of 6.34% and 6.03% respectively.

Meanwhile, shares in Harvey Norman Holdings Limited (ASX: HVN), City Chic Collective Ltd (ASX: CCX), and Premier Investments Limited (ASX: PMV) are down 5.35%, 4.49%, and 1.98% respectively.

The ASX 200 retail sell-off seems to have been spurred by United States retail monoliths Target Corporation (NYSE: TGT) and, to a lesser degree, Walmart Inc (NYSE: WMT).

The former released its quarterly earnings overnight (Aussie time) to the market’s disappointment.

The near US$100 billion company’s earnings per share (EPS) plunged 48% last quarter as it struggled with lower-than-expected sales, supply chain issues, and increased freight costs.

Its share price tumbled a whopping 25% overnight.

Additionally, Target’s results dropped just one day after Walmart announced its income had slipped 23% over the quarter amid supply chain issues, higher wage costs, and inflationary pressures.

The major US retailer’s tumbling earnings, understandably, sparked concerns a recession could be nigh.

That in turn likely weighed on the S&P 500 Index (SP: .INX) and the Nasdaq Composite (NASDAQ: .IXIC). They fell 4% and 4.7% respectively as Australia slept.

Of course, recessions generally negatively affect consumer spending and, thus, retailers.

Therefore, such talk – and the poor performances of their international peers – is likely weighing on ASX 200 retail shares today.

The post Why are ASX 200 retail shares getting hammered on Thursday? appeared first on The Motley Fool Australia.

More reading

• Why is the Wesfarmers share price tanking 7% on Thursday?
• ASX 200 midday update: Aristocrat’s earnings beat, Webjet flops, retailers smashed
• Why is the JB Hi-Fi share price being slashed 8% today?
• Could the Wesfarmers share price have already bottomed?
• 3 ASX shares you might be surprised to learn pay dividends

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 positions in and has recommended Harvey Norman Holdings Ltd. and Super Retail Group Limited. The Motley Fool Australia has positions in and has recommended Harvey Norman Holdings Ltd., Super Retail Group Limited, and Wesfarmers Limited. The Motley Fool Australia has recommended Premier Investments Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/Xn8Cj6K

The Austral Resources Australia Ltd (ASX: AR1) share price won’t be moving any further this afternoon.

This comes as the company requested that its shares be placed in a trading halt.

At the time of writing, the copper producer’s shares are frozen at 36 cents apiece.

Austral issued with speeding ticket

During early afternoon trade, management requested the Austral share price be halted while it prepares an announcement.

According to the release, the company is planning to make an announcement in relation to a response to an ASX price and volume query.

Austral shares climbed 5.88% throughout the day before stock exchange operator ASX Ltd (ASX: ASX) issued a speeding ticket.

The rise came despite the broader ASX market recording heavy falls after investors expressed their fears regarding the current economic outlook.

It’s worth noting that Austral shares have accelerated by 71% over the past week. The volume traded has also been relatively high, with between 3 and 4 million shares transacted daily. This compares to an average day of around 500,000 shares exchanging hands.

Austral has requested that the trading halt remains in place until Monday 23 May or following the release of the announcement, whichever comes first.

Austral share price summary

It has been a solid 12 months for the Austral share price, rocketing by 80% following strong copper prices.

When looking at year to date, its shares have advanced to record a gain of almost 120%.

Based on valuation grounds, Austral commands a market capitalisation of roughly $74.79 million.

The post Why did this ASX copper share just pop then stop? appeared first on The Motley Fool Australia.

More reading

• Why is the Ethereum price down 48% this year?
• Zip just joined forces with another ASX 200 company
• Why is the Woolworths share price sliding 7% today?
• The BrainChip share price just plunged 8%, what happened?
• Here’s why the Coles share price is tumbling 5% today

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. 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 Scott Phillips.

from The Motley Fool Australia https://ift.tt/frxOBCJ

The Ethereum (CRYPTO: ETH) price has almost halved since 1 January.

Down another 4.1% over the past 24 hours to US$1,954 (AU$2,793), the world’s number two crypto by market cap has lost 48% of its value in 2022.

And crypto investors who bought on 16 November last year, when the Ethereum price was trading at all-time highs of US$4,892, will be sitting on losses of just over 60%.

While it’s maintained its number two ranking, Ethereum’s market cap has dropped to US$236 billion from well over half a trillion dollars at its peak.

Why is the Ethereum price falling?

Ethereum, if you’re not familiar, is the biggest blockchain network in the world enabling the decentralised execution of smart contracts. And it’s this real world applicability that many see as key to its long term value.

Crypto enthusiasts have been keenly awaiting the coming merge, which will see Ethereum shift from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus to verify transactions. This will greatly reduce the blockchain’s energy use and reduce costs.

Many analysts also expect the pending switch to PoS to send the Ethereum price higher. While that may still happen, it certainly hasn’t yet.

Instead, prices have been falling as cryptos have been moving closely in line with risk assets, like high growth tech shares, this year.

As David Donabedian, chief investment officer of CIBC Private Wealth Management pointed out, “I think it will continue to trade with the equity market and risk assets. That’s the big lie that’s been exposed, the idea that it’s some new asset class that’s going to help diversify your portfolio has been blown to smithereens.”

As for risk assets, you need to look no further than the performance of the tech-heavy Nasdaq this year.

With investors selling risk assets over concerns about the potential of large, rapid interest rate increases, the Nasdaq has dropped 27.9% year-to-date.

The post Why is the Ethereum price down 48% this year? appeared first on The Motley Fool Australia.

More reading

• Why Bitcoin, Ethereum, and Dogecoin are falling today
• Why Bitcoin and Ethereum popped on Tuesday
• Can regulators prevent another US$45 billion crypto stablecoin meltdown?
• 2 cryptocurrencies that could dwarf Shiba Inu
• How is the Bitcoin ETF (EBTC) performing compared to the ASX on Friday?

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Ethereum. The Motley Fool Australia has positions in and has recommended Ethereum. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. 

from The Motley Fool Australia https://ift.tt/Pu8besz

Qantas Airways Limited (ASX: QAN) announced on Thursday that it would allow customers to split their fare payments through fellow ASX 200 company Zip Co Ltd (ASX: ZIP).

The buy now, pay later service will be available for both domestic and international bookings.

According to Qantas Loyalty chief Olivia Wirth, this is the first time the airline had joined forces with a buy now, pay layer provider.

“The option to buy now, pay later through Zip gives our customers more choice in how they pay for their flights,” she said.

“With Zip they can spread the cost over time choosing flexible repayments, and also earn Qantas points on the payment as well as the flight itself.”

Aussies ‘making up for lost time’, jetting off everywhere

Qantas shares have been a beneficiary of Australians moving past COVID-19 restrictions, now trading more than 5.6% higher than where it started the year.

“After two years of restricted travel Australians are making up for lost time,” said Wirth.

“Domestic travel is back at pre-COVID levels while international travel is building back strongly to destinations like the US, Europe, Bali and Fiji.”

Zip investors will be hoping some of Qantas’ magic will rub off on them, as they have watched their shares shrink almost 80% since 1 January.

The stock even hit a new four-year low on Thursday.

Even at the bargain-basement price, only four out of 10 analysts are recommending Zip shares as a buy, according to CMC Markets.

Double dip on Qantas points

Zip ANZ managing director Cynthia Scott said the deal with the airline would give travellers “control of their finances” after they return home.

“We are also giving freedom and choice back to customers by giving them the option to pay for their trip before they go, or when they get back,” she said.

“Our research shows that buy now, pay later users are more likely to travel in the next 12 months compared to non-users… In fact, more than 75% of Zip customers intend on travelling in the next 12 months.”

Travellers who use Zip to delay their payments can also “double dip” by earning Qantas points through the Zip Rewards loyalty programme.

“We’re continuing to develop new partnerships like this one with Zip to give our frequent flyers more ways to earn points,” said Wirth.

“It helps keep members engaged in the program and ultimately drives value for our business.”

The post Zip just joined forces with another ASX 200 company appeared first on The Motley Fool Australia.

More reading

• Zip share price dives to yet another multi-year low
• Is the Zip share price set to hit another unhappy milestone this week?
• Ready for takeoff? Top broker sees smooth runway for Qantas shares in 2022
• Why is the Zip share price down almost 25% in a month?
• Why did the Zip share price just pop then drop?

Motley Fool contributor Tony Yoo has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended ZIPCOLTD FPO. 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 Scott Phillips.

from The Motley Fool Australia https://ift.tt/a5weXNg

The Woolworths Group Ltd (ASX: WOW) share price is in the doghouse today, joining a raft of other retailers.

In afternoon trade, shares in Australia’s largest supermarket operator are down a considerable 6.8% to $34.735. If the pain continues, it will mark the worst one-day performance for the company since it split away from Endeavour Group Ltd (ASX: EDV) in June 2021. However, that fall in value was attributable to removing ownership value in the liquor retailer. To find a valid comparison, we need to go back to 31 March 2020, when it fell by 8%.

So why is one of Australia’s biggest companies taking a plunge today?

Retail has a target on its back

A general concern for retail shares was set into motion last night after one of the most recognisable retailers in the world reported disappointing first-quarter numbers.

Ringing a warning bell on inflation, bricks and mortar retailer Target Corporation (NYSE: TGT) told shareholders that rising labour and freight costs took a bite out of the company’s bottom line. On top of this, customers tightened their budgets during the quarter — perhaps due to inflation — resulting in reduced spend on discretionary items.

The challenges led to Target missing analysts’ earnings per share (EPS) estimates by 28.5%. As a result, the retail stock fell a head-spinning 25% overnight — its biggest fall since 1987.

Back on Aussie markets, it appears ASX investors are taking Target’s disastrous day as a cautionary tale for local retailers.

By the looks of it, the Woolworths share price is not immune to the concern. However, in its recent third-quarter results, Woolworths largely inferred that higher costs had been passed on to the customer. The company illustrated this in its Q3 results, stating:

Woolworths Retail sales benefited from a successful trade plan, including Prices Dropped on Healthier Products, elevated COVID impacted in-home consumption, and shelf price inflation due to input cost pressures.

Nonetheless, investors are being cautious today given the backdrop of the worrisome numbers from Target and Walmart.

Woolworths share price in review

The Woolworths share price is now barely hanging on to a positive return over the past year. At the time of writing, shares in the supermarket giant are up 1.3% in the 12-month period. Although, total returns (with dividends included) come to 10.8% during the same timeframe.

For comparison, Coles Group Ltd (ASX: COL) is up 8.2% compared to a year ago without including dividends.

The post Why is the Woolworths share price sliding 7% today? appeared first on The Motley Fool Australia.

More reading

• Own Woolworths shares? The company’s about to hit a major sustainability milestone
• Why I think Coles is a better ASX dividend share than Woolworths
• Is the Telstra share price cheap compared to other ASX 200 shares?
• Why are the dividends from Woolworths shares still so small?
• 4 ASX shares of the most trusted brands in Australia

Motley Fool contributor Mitchell Lawler 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 positions in and has recommended COLESGROUP DEF SET. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/xCFOaQd

It’s been a pretty depressing old time for ASX shares so far this Thursday. Today has seen the All Ordinaries Index (ASX: XAO) drop by 1.57% at the time of writing after an initial fall of just over 2% this morning. But the BrainChip Holdings Ltd (ASX: BRN) share price has had a far worse time of it today.

BrainChip shares are presently down by a meaty 3.81% to $1.14 each after closing at $1.18 a share yesterday. That’s a vast improvement on where things stood earlier in the trading session though. Soon after market open, BrainChip descended all the way down to just $1.08 a share. That represented a drop of almost 8.5% at the time.

So why is the BrainChip share price copping such a beating today?

Why did the BrainChip share price plunge 8% today?

Well, it’s got nothing to do with any news or announcements out of the artificial intelligence company (AI) itself. There haven’t been any ASX releases from BrainChip since 6 May. That was when the company was issued a speeding ticket from the ASX for a rather inexplicable 11% share price surge on a day when most shares were falling.

Unfortunately for investors, BrainChip shares certainly aren’t bucking the market today.

So we can possibly conclude that today’s BrainChip share price woes are a result of the sector-wide sentiment we seem to be seeing in ASX tech shares.

Most ASX tech shares have endured a prune so far today. Altium Limited (ASX: ALU) shares are presently down around 4%. Xero Limited (ASX: XRO) is down more than 3%, while WiseTech Global Ltd (ASX: WTC) has lost close to 2%. BrainChip shares tend to move big when they move, so while today’s pricing has been dramatic, it’s arguably not entirely surprising.

At the current Brainchip share price, this ASX AI share has a market capitalisation of $2.02 billion.

The post The BrainChip share price just plunged 8%, what happened? appeared first on The Motley Fool Australia.

More reading

• Nearmap share price jumps 9% on Friday
• Why is the BrainChip share price leaping 7% on Friday?
• These 2 ASX tech shares have escaped obliteration so far this year
• BrainChip share price rebounds to gain 5%
• Why did the Hawsons Iron share price stage such a stunning comeback today?

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Altium, WiseTech Global, and Xero. The Motley Fool Australia has positions in and has recommended WiseTech Global and Xero. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/TgyFdH5

The Coles Group Ltd (ASX: COL) share price is taking a hammering on the market on Thursday.

At least the supermarket giant isn’t alone in the red. It’s suffering alongside many of its consumer staple peers.

At the time of writing, the Coles share price is $17.61, 4.55% lower than its previous close.

For comparison, the S&P/ASX 200 Index (ASX: XJO) is currently recording a 1.65% tumble.

Let’s take a closer look at what’s going on with the supermarket stock today.

What’s going wrong for the Coles share price?

The Coles share price is tumbling to its lowest point since March despite no news from the supermarket giant.

And while its slump appears to be a mystery, there’s likely an obvious explanation for its tumble.

The company’s home sector – the S&P/ASX 200 Consumer Staples Index (ASX: XSJ) ­– is also in the red. Right now, it’s down 4.46%, coming in as the ASX 200’s worst performing sector.

And the Coles share price is the sector’s third worst performer on Thursday.

It has only managed to outperform stock in Woolworths Group Ltd (ASX: WOW) and Metcash Limited (ASX: MTS). Both companies are currently down 7% and 5.8% respectively.

The consumer staples sector’s downturn ­­– and that of the broader ASX 200 – follows a similar tumble on Wall Street overnight.

Then, US retail giant Target Corporation (NYSE: TGT) dropped its first quarter earnings to the detriment of its share price. The stock plummeted a whopping 25% after it reported customer spending recently dropped.

That might likely help trigger fears of a recession in the United States, The Motley Fool Australia’s Bernd Struben reported earlier today.

Understandably, lower customer spending and recessions are both bad news for consumer staples.

Still, despite today’s dip, the Coles share price is just 1.7% lower than it was at the start of 2022. Meanwhile, the ASX 200 has fallen nearly 7%.

The post Here’s why the Coles share price is tumbling 5% today appeared first on The Motley Fool Australia.

More reading

• Why I think Coles is a better ASX dividend share than Woolworths
• 2 top ASX dividend shares analysts are tipping as buys this month
• 4 ASX shares of the most trusted brands in Australia
• Own ASX 200 retail shares? Here’s how the majors are tackling climate change
• Do Coles shares offer a dividend reinvestment plan?

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 positions in and has recommended COLESGROUP DEF SET. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/DyQH9GY

The Lake Resources N.L. (ASX: LKE) share price is deep in the red on Thursday.

In morning trade, the lithium developer’s shares were down as much as 9% to $1.37.

The Lake share price has recovered a touch this afternoon but remains down 5% at $1.43 currently.

Why is the Lake share price falling?

The weakness in the Lake share price has been driven by another market selloff today. This follows a disappointing night of trade on Wall Street, which saw the Dow Jones drop 2.3% and the Nasdaq tumble 4.7%.

Lake isn’t the only lithium share falling today. At the time of writing, the Liontown Resources Limited (ASX: LTR) share price is down 4% and the Sayona Mining Ltd (ASX: SYA) share price is down 7%.

Today’s decline means the Lake share price is now down by almost 40% in the space of a month. However, it is still up almost 600% since this time last year despite this recent weakness.

Is this a buying opportunity?

Based on a note out of Bell Potter from last month, its analysts are likely to see the pullback in the Lake share price as a buying opportunity.

Its analysts currently have a speculative buy rating and $2.83 price target. This implies potential upside of almost 100% over the next 12 months.

The post Lake Resources share price tumbles again: Broker now sees almost 100% upside appeared first on The Motley Fool Australia.

More reading

• Lake Resources share price drops 9%: Is this a buying opportunity?
• Low charge: Is the party over for ASX lithium stocks?
• Which ASX 200 mining shares were the worst-performing on Friday?
• Why is the Lake Resources sliding 7% into the red on Friday?
• Why is the Novonix share price down 6% on Friday?

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 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 Scott Phillips.

from The Motley Fool Australia https://ift.tt/MSfJFw0

The Next Science Ltd (ASX: NXS) share price is roaring higher today despite the ASX being deep in the red.

At the time of writing, the medical technology company’s shares are fetching at 89 cents a pop, up 8.54%.

In contrast, the All Ordinaries Index (ASX: XAO) is trading at 7,318.5 points, down 1.46%.

Next Science expands ‘commercial footprint’

Investors are buying up the Next Science share price after the company revealed a positive update to the market.

In its release, Next Science advised it has signed a multi-year distribution agreement with Oraderm Pharmaceuticals to sell BlastX.

Located in Cremone, Victoria, Oraderm Pharmaceuticals is a medical sales joint venture between Douglas Pharmaceuticals and Arrotex Pharmaceuticals.

Under the deal, Oraderm will have exclusive rights across Australia and New Zealand for the sale and marketing of BlastX. However, this will be a dual Next ScieUnce/Oraderm labelled version. 

Next Science is expected to receive a portion of revenues based on an agreed unit price and a minimum quantity per order.

The agreement will run for a period of five years but can be extended for another three years.

Oraderm’s initial focus in Australia will be hospitals, nursing homes, dermatologists and over-the-counter pharmacy sales.

In New Zealand, Oraderm will concentrate on wound care in hospitals and other clinical settings accommodating varied distribution solutions.

Next Science is scheduled to deliver training to the distributor’s sales force teams in late June. Commercial sales in Australia and New Zealand are expected to commence during the second half of 2022.

Next Science managing director, Judith Mitchell commented:

We are delighted to expand our commercial footprint for BlastX in Australia and New Zealand through Oraderm.

Oraderm is a well-known brand within the healthcare industry with a track record of success in bringing new products to market. This partnership enhances our ability to offer our proven wound care product to healthcare professionals and patients in Australia and New Zealand as we continue to pursue our mission to heal patients and save lives worldwide by reducing the impacts of biofilms on human health.

Next Science share price summary

Over the past 12 months, the Next Science share price has continued to tread lower to post a loss of 46%.

It’s worth noting that the company’s share price hit a fresh 52-week low of 79.5 cents in late April.

Based on valuation grounds, Next Science presides a market capitalisation of roughly $177.74 million.

The post Next Science shares defy ASX market slump to surge 8% appeared first on The Motley Fool Australia.

More reading

• Lake Resources share price tumbles again: Broker now sees almost 100% upside
• 3 ASX 200 shares defying today’s carnage to climb higher
• Un-stable coin? Terra crypto woes continue with another 31% fall
• Why Aristocrat, Arafura, Calix, and Strike Energy shares are charging higher
• Hawsons Iron share price slumps 9% then rebounds following project update

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. has positions in and has recommended Next Science Limited. 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 Scott Phillips.

from The Motley Fool Australia https://ift.tt/3wmB9fE