The S&P/ASX 200 Materials Index (ASX: XMJ) is leaping 1.02% today, but this ASX gold share is rocketing far higher.

The Besra Gold Inc (ASX: BEZ) share price soared 150% this morning to 10 cents after emerging from a trading halt before pulling back some of the gains. Besra shares are now up 62.5%.

Let’s take a look at what is going on with this mining share.

What’s going on?

Besra is exploring the Bau Gold Project in the Bau Goldfield in Sarawak, East Malaysia.

Today, Besra advised it has secured a US$300 non-binding drawdown funding facility with major shareholder Quantum Metal Recovery Inc. Quantum is a major gold distributor in Malaysia.

Besra described this as “one of the largest deals of its kind signed by an ASX listed junior”.

The funding will completely fund production at the company’s Bau Gold project.

Commenting on the news, Besra chairman Jocelyn Bennett said:

This funding would completely alter Besra’s trajectory and provides a clear pathway to gold production at the Bau Project.

At a time when access to capital for emerging gold producers is difficult and typically highly dilutive, the Board is very pleased to have removed this impediment to Besra’s growth.

We now have a clear line of sight on commencing production at Bau, with our issued capital intact, as well as recourse to little, if any, debt and the restrictive covenants typically required by lenders.

Besra is planning to update its 2013 feasibility study and expedite plans for production in the 2023 calendar year.

Besra share price snapshot

Besra Gold shares have descended 8% in the last year. In the past month, the gold explorer’s share price has lifted nearly 48%.

This ASX gold share has a market capitalisation of about $23 million based on the current share price. 

The post Guess which ASX gold share is soaring 60% after securing US$300 million appeared first on The Motley Fool Australia.

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More reading

• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• Boost your passive income with Westpac and this ASX 200 dividend share: experts
• ASX 200 bank shares shrug off global banking turmoil to leap higher
• 2 ASX 200 mining shares to buy with huge upside potential: analysts
• Why is this ASX mining share exploding 57% today?

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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The S&P/ASX 200 Index (ASX: XJO) has staged an enthusiastic recovery so far this session, coming after the carnage we saw on the markets yesterday. At the time of writing, the ASX 200 has rebounded strongly,  currently up by a healthy 0.96% at just under 6,970 points. Let’s hope the momentum keeps up.

So let’s dig a little deeper into these pleasing gains by checking out the stocks that are at the top of the ASX 200’s share trading volume charts right now, according to investing.com. 

The 3 most traded ASX 200 shares by volume this Tuesday

Liontown Resources Ltd (ASX: LTR)

First up today is the ASX 200 lithium share Liontown Resources. So far this session, a decent 15.7 million Liontown shares have been bought and sold on the share market. There hasn’t been much in the way of market-sensitive news out of Liontown today – although the company did release an investor presentation this morning.

So it looks like this volume is the result of the volatile session this lithium share has experienced this Tuesday. Right now, Liontown shares have put on a pleasing 2.14% up to $1.53 a share. But this afternoon saw the company drop into red territory, getting as low as $1.46 a share.

Pilbara Minerals Ltd (ASX: PLS)

Next up we have another AX 200 lithium stock, Pilbara Minerals. This Tuesday has had a notable 20.49 million PIlbara shares traded on the markets thus far. With no news at all out of Pilbaarra today, it looks as though its share price movements are again to blame here.

Pilbara hasn’t had quite a bouncy day as Liontown. But this lithium miner has still ricocheted between $3.51 and $364 a share this session. It’s currently up by 2.01% at $3.55 a share. This bouncing around is probably what is behind Pilbara’s high volume figures.

Sayona Mining Ltd (ASX: SYA)

Third and finally today we have yet another ASX 200 lithium stock in Sayona Mining. A whopping 42.63 million Sayona shares have swapped hands as it currently stands. And again, it looks as though these elevated numbers come down to the movements of the Sayona share price itself.

Sayona is another stock that has seen significant volatility today, even going between a gain, a loss and another gain. Right now, the company is ahead by 0.98% at 21 cents a share. But Sayona was up more than 3% at one point today, and down by 1.5% at another. No wonder so many shares have been flying around here.

The post Here are the 3 most heavily traded ASX 200 shares on Tuesday appeared first on The Motley Fool Australia.

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More reading

• These ASX lithium shares are a buy despite explosive supply forecast: UBS
• 1 reason to avoid the stock market, and 3 great reasons to invest today
• Why is the Woodside share price on the move today?
• Buy Pilbara Minerals and this high yield ASX dividend share: analysts
• 5 things to watch on the ASX 200 on Tuesday

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 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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If you’re looking to boost your income with some ASX 200 dividend shares, then you may want to consider the ones listed below.

Both have been rated as buys and are expected to provide investors with attractive yields in the near term. Here’s what you need to know about them:

QBE Insurance Group Ltd (ASX: QBE)

The first ASX 200 dividend share to consider buying is QBE.

It is one of the world’s largest insurance companies offering a range of products to customers across the globe.

Morgans is very positive on the company and has named on its best ideas list again this month. The broker is attracted to its cheap valuation and positive outlook from rate increases and cost reductions. It said:

With strong rate increases still flowing through QBE’s insurance book, and further cost-out benefits to come, we expect QBE’s earnings profile to improve strongly over the next few years. The stock also has a robust balance sheet and remains relatively inexpensive overall trading on 9x FY23F PE.

In respect to dividends, the broker is expecting dividends per share of 83 cents in FY 2023 and 94 cents in FY 2024. Based on the latest QBE share price of $13.90, this will mean yields of 6% and 6.75%, respectively.

Morgans has an add rating and $16.96 price target on its shares.

Westpac Banking Corp (ASX: WBC)

Another ASX 200 dividend share to buy could be banking giant Westpac.

While the banks may not be getting much love right now, the recent weakness could have created a buying opportunity for investors.

Goldman Sachs appears to believe that is the case. It continues to rate Australia’s oldest bank highly and has it on its conviction list. This is due to its belief that the bank can generate strong returns for investors thanks to improving net interest margins and its bold cost cutting plans.

The broker is expecting this to lead to fully franked dividends per share of 147 cents in FY 2023 and 156 cents in FY 2024. Based on the current Westpac share price of $21.52, this will mean yields of 6.8% and 7.25%, respectively.

Goldman has a conviction buy rating and $27.74 price target on its shares.

The post Boost your passive income with Westpac and this ASX 200 dividend share: experts appeared first on The Motley Fool Australia.

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More reading

• ASX 200 bank shares shrug off global banking turmoil to leap higher
• Why I’d be happy to invest in these ASX 200 bank shares today
• How I’d aim to retire rich enough to live on passive income from my ASX dividend shares
• 2 ASX 200 bank shares to buy after the selloff: experts
• ASX 200 bank stocks lift after Credit Suisse share price soars 19%

Motley Fool contributor James Mickleboro has positions in Westpac Banking. 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 Westpac Banking. 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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S&P/ASX 200 Index (ASX: XJO) bank shares are shrugging off liquidity concerns that have gripped the banking sectors in the United States and Europe in recent weeks.

Following the collapse of several US banks– including Silicon Valley Bank, formerly the 18th largest in the country – investors are taking heart that the US Fed is stepping in to provide a deep pool of liquidity support for the sector.

The Fed joins the European Central Bank, Bank of Japan, Swiss National Bank, Bank of England and the Bank of Canada in a coordinated action intended to calm financial markets.

This comes atop yesterday’s announcement that UBS will merge with embattled Credit Suisse in a deal backstopped by the Swiss government.

And judging by the performance of the big four bank stocks, these government-engineered efforts are having some success at soothing market jitters.

Here’s how the big four ASX 200 banks shares are tracking in afternoon trade today:

• Australia and New Zealand Banking Group Ltd (ASX: ANZ) shares are up 1.7%
• National Australia Bank Ltd (ASX: NAB) shares are up 1.1%
• Westpac Banking Corp (ASX: WBC) shares are up 2.3%
• Commonwealth Bank of Australia (ASX: CBA) shares are up 1.1%

ASX 200 bank shares aren’t the only stocks rallying today.

At the time of writing the benchmark index is up 1.2%, with the S&P/ASX 200 Financials Index (ASX: XFJ) rallying 1.6%.

Is the ASX 200 bank share party premature?

Today’s rally in ASX 200 bank shares largely mirrors action seen in US and European markets yesterday (overnight Aussie time).

But not every bank is joining in the rebound.

Shares in First Republic Bank (NYSE: FRC) closed down 47% overnight amid investor concerns the $30 billion rescue package delivered by larger US banks last week might not be enough to keep it viable.

Also of potential concern, opposition is growing to the Swiss government-engineered takeover of Credit Suisse.

With Switzerland’s central bank and government backstopping the deal UBS is acquiring Credit Suisse for approximately AU$4.8 billion, paid out to shareholders.

But in contravention of long-standing market rules, the bank’s Additional Tier 1 bondholders will receive nothing, which will see almost $26 billion worth of the debt notes become worthless.

Some bondholders are already considering litigation, and Swiss MPs may also review the deal, which was hastily hammered out over the course of the weekend.

Should the deal unravel, ASX 200 bank shares could join their global peers in a fresh round of sell-offs.

But for now, at least, investors are breathing a sigh of relief.

The post ASX 200 bank shares shrug off global banking turmoil to leap higher appeared first on The Motley Fool Australia.

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More reading

• Forget term deposits and buy these ASX 200 dividend shares: analysts
• Where I would go hunting for defensive ASX 200 shares with upside
• Why I’d be happy to invest in these ASX 200 bank shares today
• How I’d aim to retire rich enough to live on passive income from my ASX dividend shares
• 2 ASX 200 bank shares to buy after the selloff: experts

SVB Financial provides credit and banking services to The Motley Fool. Motley Fool contributor Bernd Struben 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 SVB Financial. The Motley Fool Australia has recommended SVB Financial and Westpac Banking. 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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