Have Sayona Mining shares been a good investment in 2022?

Have Sayona Mining Ltd (ASX: SYA) shares been a good investment in 2022? Good question.

The Sayona Mining share price has certainly been keeping a comfortable space in the midst of investors’ minds over this year so far.

This emerging ASX lithium share often makes an appearance on the daily lists of the most traded ASX shares, helped no doubt by the volatile share price movements that have come to define its presence on the ASX.

But let’s dig into the weeds of this company and see which investors (if any) the Sayona share price has benefitted.

How happy have Sayona Mining shares made ASX investors?

At the start of 2022, Sayona Mining shares were going for just 14 cents each. Today, the lithium share is trading at 29 cents a share. This represents a whopping year-to-date performance of 108.6%.

If an investor was lucky enough to buy shares back in February, when the company touched its current 52-week low of 11 cents, they would be sitting on a pleasing gain of more than 165% right now.

In fact, Sayona was going for as little as 13 cents a share back on 12 July. That means the company has gained more than 124% in the six weeks or so since that date.

However, that doesn’t paint the whole picture. Back in April, Sayona shares hit what is now the company’s 52-week high of 39 cents a share. If an investor was unlucky enough to pick up some shares then, they would be nursing a loss of around 25% right now.

But they have been making longer-term investors happy as well. Just to be silly, let’s take an investor who picked up shares back on New Year’s Eve, 2020. Back then, Sayona shares were asking just 1 cent each. That would place them at a jaw-dropping gain of 2,820% on today’s pricing.

So we can probably conclude that the Sayona share price has been very kind to most of its investors over 2022, and further back. However, investors who FOMO-ed in at the company’s highs are still likely nursing heavy losses. Something to keep in mind.

At the current price, this ASX lithium share has a market capitalisation of $2.38 billion.

The post Have Sayona Mining shares been a good investment in 2022? appeared first on The Motley Fool Australia.

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More reading

• Why did the Sayona Mining share price beat the ASX All Ords on Tuesday?
• Why is the Sayona Mining share price surging 8% on Friday?
• Why is the Sayona Mining share price so volatile?
• Why are ASX lithium shares having such a cracking start to the week?
• Why is the Lake Resources share price up so much more than other ASX lithium shares 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 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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