If you’d bought $5,000 of Sayona Mining shares at the start of 2022, congratulations! Here’s what you’d have today

Sayona Mining Ltd (ASX: SYA) shares have surged 65% in the year to date.

The lithium miner’s share price has rocketed from 13 cents at market open on 4 January to 21.5 cents at Monday’s close.

Let’s take a look at what I would have now if I had invested $5,000 in this ASX lithium share at the start of the year.

Good investment?

Sayona Mining shares were available for 13 cents at market open on the first day of trading in 2022, 4 January.

Imagine I had invested $5,000 in Sayona Mining on this day. I would have walked away with 38,461 shares at this price with 7 cents left over

Now, these shares are worth 21.5 cents a share, based on the share price at the time of writing.

My investment would now be worth just over $8,269. So I would have made more than $3,000.

Looking at the bigger picture, on 19 April, Sayona Mining shares were fetching 38 cents. At this point, my investment would have been worth $14,618.18.

However, back on 22 February, my Sayona shares would have been worth just 11 cents. At this point, I would have had only $4,230.71 remaining out of my $5,000 investment.

However, overall, if I had invested in Sayona at the start of this year, I would be pleased with my investment.

Sayona Mining has not paid any dividends to date. However, as my Foolish colleague Tristan noted recently, this could change if the company generates operating profit.

Sayona share price snapshot

Sayona Mining shares have soared nearly 39% in the past year. However, they have lost nearly 26% in the past month.

For perspective, the S&P/ASX 200 Index (ASX: XJO) has shed 10% year to date.

Sayona has a market capitalisation of nearly $1.8 billion based on the current share price.

The post If you’d bought $5,000 of Sayona Mining shares at the start of 2022, congratulations! Here’s what you’d have today appeared first on The Motley Fool Australia.

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More reading

• Why are these ASX 200 lithium shares smashing it on Monday?
• The Sayona Mining share price has dumped 24% since joining the ASX 200. What’s happening?
• Can ASX 200 lithium shares bank on the price of lithium to keep soaring?
• During a dismal quarter for the ASX 200, Sayona Mining shares stormed 60% higher. What’s next?
• The Sayona Mining share price crashed 20% in September, but now…

Motley Fool contributor Monica O’Shea 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.

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