Category: Stock Market

  • Why did the De Grey share price leap 5% to a 4-month high today?

    miner giving 'ok' sign in front of mine

    miner giving 'ok' sign in front of mine

    The S&P/ASX 200 Index (ASX: XJO) ended up having a stellar start to the trading week during this Monday’s session. At the closing bell, the ASX 200 finished up at 6,964.5 points, a healthy gain of 1.02% over Friday’s close. But the De Grey Mining Limited (ASX: DEG) share price fared even better than that.

    De Grey shares finished up at $1.14 each at market close, up a pleasing 5.07% from last Friday’s close of $1.08 per share. This latest rise means the De Grey share price has gained an impressive near-60% from the 52-week low of 72 cents per share that we saw only a few months ago. It also means De Grey is now at its highest share price in four months.

    So what caused such an enthusiastic share price gain for De Grey shares this Monday?

    What gave the De Grey share price its glitter today?

    Well, it seems like it was nothing to do with any ASX announcements out of the company itself, seeing as there were none today. However, last Friday did see ASX broker Macquarie come out with a new outperform rating on the company.

    As we covered at the time, Macquarie gave De Grey an optimistic 12-month share price target of $1.65. This was spurred by some good news out last week for the miner’s Mallina gold project in Western Australia.

    But we also have another potential catalyst to discuss: the gold price itself.

    As a gold miner, De Grey’s fortunes are heavily dependent on what price the yellow metal itself can command.

    And, as my Fool colleague James covered this morning, gold has indeed had a positive movement in recent days. As stated this morning, “the spot gold price was up 0.4% to US$1,727.6 an ounce on Friday night. A softening US dollar gave the precious metal a boost”.

    So this could be feeding into the stellar gains De Grey shares saw today as well. Other ASX gold shares like Newcrest Mining Ltd (ASX: NCM) and Gold Road Resources Ltd (ASX: GOR) also had positive days today, which adds credence to this hypothesis.

    So it’s likely that it’s this mix of rising gold prices, positive developments out of the company and some love from brokers, that has led the De Grey share price to such a rewarding day today.

    At the current De Grey Mining share price, this ASX 200 gold share has a market capitalisation of $1.61 billion.

    The post Why did the De Grey share price leap 5% to a 4-month high today? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in De Grey Mining Limited right now?

    Before you consider De Grey Mining Limited, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and De Grey Mining Limited wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    See The 5 Stocks
    *Returns as of August 4 2022

    (function() {
    function setButtonColorDefaults(param, property, defaultValue) {
    if( !param || !param.includes(‘#’)) {
    var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
    button.style[property] = defaultValue;
    }
    }

    setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
    setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
    setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
    })()

    More reading

    Motley Fool contributor Sebastian Bowen has positions in Newcrest Mining Limited. 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/c2EGnIP

  • Have BrainChip shares been a good investment so far in 2022?

    A cloud of explosion appears in place of a man's head.A cloud of explosion appears in place of a man's head.

    Popular tech share BrainChip Holdings Ltd (ASX: BRN) has all the hallmarks of being a 10-bagger.

    The company is the worldwide leader in edge artificial intelligence (AI) on-chip processing and learning.

    Its first-to-market neuromorphic processor, Akida, mimics the human brain to meet the complex demands of edge devices.

    Some of BrainChip’s clients include major automobile company Mercedes and United States aerospace giant NASA.

    While shares in the AI company have see-sawed as of late, this hasn’t been the case for 2022.

    Let’s look at how the share price has performed for the year so far.

    How have BrainChip shares tracked so far in 2022?

    The BrainChip share price kicked off the 2022 year at 68 cents apiece, closing in on its record high of 97 cents on 9 September 2020.

    However, the new year brought fortunes to investors as hype kicked in, and the share rocketed to a new all-time high of $2.34 on 19 January.

    Unfortunately, this was short-lived as profit-takers swooped in, sending BrainChip shares to tumble under the $1 mark in March.

    For most of the year, BrainChip continued to trade in a sideways channel as the company kept quiet on its announcements.

    When market volatility hit in June, BrainChip shares tanked to a year-to-date low of 76.5 cents.

    Fears of an impending recession sparked a strong sell-off across the market.

    A rebound quickly ensued as bargain-hunters took up positions and sent the AI company’s shares to as high as $1.365 on 28 July.

    While for now the share has retraced to 95 cents at Monday’s close, investors would be up 40% for 2022. That is a decent run, given the average return for a stock is around 7% per year.

    Keep in mind, though, that the United States Federal Reserve is meeting this month to decide whether or not to lift interest rates.

    If it does, this could see the tech-heavy Nasdaq fall, which would have consequences for BrainChip shares.

    Should the Fed Reserve hold interest rates, the rally will likely continue, pushing BrainChip shares higher.

    The post Have BrainChip shares been a good investment so far in 2022? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Brainchip Holdings Limited right now?

    Before you consider Brainchip Holdings Limited, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Brainchip Holdings Limited wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    See The 5 Stocks
    *Returns as of August 4 2022

    (function() {
    function setButtonColorDefaults(param, property, defaultValue) {
    if( !param || !param.includes(‘#’)) {
    var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
    button.style[property] = defaultValue;
    }
    }

    setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
    setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
    setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
    })()

    More reading

    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/WXfUyqK

  • Here are the top 10 ASX 200 shares today

    Top ten gold trophy.Top ten gold trophy.

    The S&P/ASX 200 Index (ASX: XJO) started the week off with a bang, driven higher by miners and tech shares. The index lifted 1.02% to close at 6,964.50 points on Monday.

    The S&P/ASX 200 Materials Index (ASX: XMJ) closed today’s session 2.2% higher, likely on the back of rising commodities.

    Iron ore futures lifted 2.1% to US$102.23 a tonne on Friday while gold futures rose 0.5% to US$1,728 an ounce. Nickel also posted a 5.7% gain to finish Friday trading at U$22,959 a tonne.

    Meanwhile, the S&P/ASX 200 Information Technology Index (ASX: XIJ) surged 1.5% today.

    Its gains were likely due to a similarly strong Friday on Wall Street. The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) gained 2.1% on Friday.

    But it wasn’t all green across the market today. The S&P/ASX 200 Health Care Index (ASX: XHJ) was alone in posting a loss on Monday. It fell 0.3%.

    But which ASX 200 share recorded the best start to the week? Keep reading to find out.

    Top 10 ASX 200 shares countdown

    Today’s top performing ASX 200 share was Nickel Industries Ltd (ASX: NIC).

    The materials stock posted a 6.7% gain after the company released an update on its Hengjaya Mine.  

    Today’s biggest gains were made by these ASX shares:

    ASX-listed company Share price Price change
    Nickel Industries Ltd (ASX: NIC) $0.955 6.7%
    Gold Road Resources Ltd (ASX: GOR) $1.43 5.15%
    De Grey Mining Limited (ASX: DEG) $1.14 5.07%
    News Corporation (ASX: NWS) $26.03 5%
    Block Inc (ASX: SQ2) $109 4.94%
    Domino’s Pizza Enterprises Ltd (ASX: DMP) $63.51 4.42%
    City Chic Collective Ltd (ASX: CCX) $1.725 4.23%
    CSR Limited (ASX: CSR) $4.71 4.2%
    Clinuvel Pharmaceuticals Limited (ASX: CUV) $22.08 4.15%
    Elders Ltd (ASX: ELD) $12.77 3.99%

    Our top 10 ASX 200 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

    The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.* Scott just revealed what he believes could be the “five best ASX stocks” for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now

    See The 5 Stocks
    *Returns as of August 4 2022

    (function() {
    function setButtonColorDefaults(param, property, defaultValue) {
    if( !param || !param.includes(‘#’)) {
    var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
    button.style[property] = defaultValue;
    }
    }

    setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
    setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
    setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
    })()

    More reading

    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 Block, Inc. The Motley Fool Australia has positions in and has recommended Block, Inc. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited and Elders 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/I4GgY61

  • Leading brokers name 3 ASX shares to buy today

    ASX shares Business man marking buy on board and underlining it

    ASX shares Business man marking buy on board and underlining it

    With so many shares to choose from on the ASX, it can be hard to decide which ones to buy. The good news is that brokers across the country are doing a lot of the hard work for you.

    Three top ASX shares leading brokers have named as buys this week are listed below. Here’s why they are bullish on them:

    Aroa Biosurgery Ltd (ASX: ARX)

    According to a note out of Bell Potter, its analysts have retained their speculative buy rating on this medical device company’s shares with an improved price target of $1.40. Bell Potter likes the company’s soft tissue regeneration technology, OviTex, due to its low hernia recurrence. It notes that discussions with high-volume surgeons in the US indicate recurrence rates are under 5% across robotic inguinal, open inguinal, and ventral hernia procedures. All in all, the broker appears to believe this leaves it well-placed for strong top line growth in the coming years. The Aroa Biosurgery share price is trading at 78 cents on Monday.

    Domino’s Pizza Enterprises Ltd (ASX: DMP)

    A note out of Citi reveals that its analysts have retained their buy rating and $84.40 price target on this pizza chain operator’s shares. Citi notes that its analysis of high frequency data suggests sales growth is accelerating in Japan despite cycling tough comps. And while Europe and Australia remain weak due to cost of living pressures, it remain positive on the medium term outlook. This is due to same store sales appearing on track to turn positive and the moderation of some inflationary headwinds. The Domino’s share price is fetching $63.59 this afternoon.

    Lovisa Holdings Ltd (ASX: LOV)

    Analysts at Morgan Stanley have retained their overweight rating and lifted their price target on this jewellery retailer’s shares to $27.25. According to the note, the broker was impressed with Lovisa’s performance in FY 2022 and is bullish on its outlook. Particularly given its belief that the company can open stores quicker than the market is expecting. It also sees margin expansion opportunities from price increases and operating leverage. The Lovisa share price is trading at $24.40 today.

    The post Leading brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.* Scott just revealed what he believes could be the “five best ASX stocks” for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now

    See The 5 Stocks
    *Returns as of August 4 2022

    (function() {
    function setButtonColorDefaults(param, property, defaultValue) {
    if( !param || !param.includes(‘#’)) {
    var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
    button.style[property] = defaultValue;
    }
    }

    setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
    setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
    setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
    })()

    More reading

    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 recommended Dominos Pizza Enterprises Limited and Lovisa Holdings Ltd. 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/e0TPp65

  • The Northern Star share price has dumped 8% in a month. So what’s the dividend yield right now?

    Gold bars and Australian dollar notes.

    Gold bars and Australian dollar notes.

    The S&P/ASX 200 Index (ASX: XJO) hasn’t had the happiest month. Over the past four weeks or so, the ASX 200 has lost around 1.5% of its value. But it’s been even worse for the Northern Star Resources Ltd (ASX: NST) share price.

    Northern Star shares are today going for $7.76 a share at the time of writing, up 0.4% for this session. But one month ago, the company had closed at $8.43 a share. That means that Northern Star shares have lost a painful 8.2% over the past month. Ouch.

    But what about dividends? After all, as an ASX gold miner, dividends are important for many of Northern Star’s shareholders. Remember, gold bullion doesn’t offer any yield itself, so many gold investors like to invest in gold miners like Northern Star for yield.

    As any dividend investor worth their salt knows, falling share prices usually translate into higher dividend yields. A dividend yield is a function of a company’s dividends per share, and its share price. The lower the share price, the larger the dividend yield.

    What kinds of dividends do Northern Star shares have on the table today?

    In terms of raw dividends per share, Northern Star has some pleasing metrics up its sleeve. We’ve just seen the gold miner declare a final dividend for FY22 of 11.5 cents per share, fully franked.

    That was a pleasing 21% rise over FY21’s final dividend of 9.5 cents per share. It brings Northern Star’s total dividends paid over 2022 to 21.5 cents per share, again a decent boost over 2021’s total of 19 cents.

    A month ago, when Northern Star was asking $8.43 a share, this would have given the company a dividend yield of 2.55%. But, at today’s price of $7.76, this yield has risen to 2.77%.

    Of course, this only applies to investors buying Northern Star Resources shares today. If an investor bought last month at $8.43, they would be stuck with the old yield on their capital.

    But even so, the relationship between share price and dividend yield is one that all income investors should take care to understand. It can make the difference between a good dividend share and a great one over time, provided the right ASX shares are chosen, of course.

    At the current Northern Star Resources share price, this ASX 200 gold miner has a market capitalisation of $9.03 billion.

    The post The Northern Star share price has dumped 8% in a month. So what’s the dividend yield right now? appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.* Scott just revealed what he believes could be the “five best ASX stocks” for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now

    See The 5 Stocks
    *Returns as of August 4 2022

    (function() {
    function setButtonColorDefaults(param, property, defaultValue) {
    if( !param || !param.includes(‘#’)) {
    var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
    button.style[property] = defaultValue;
    }
    }

    setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
    setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
    setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
    })()

    More reading

    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.

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

  • Here’s why this obscure ASX mining share is exploding 87% on Monday

    microsoftmicrosoft

    Little-known ASX mining share Odessa Minerals Ltd (ASX: ODE) is shooting the lights out today.

    Odessa Minerals shares closed yesterday trading for 1.5 cents and are trading for 2.8 cents at the time of writing, up 86.8%.

    Here’s what’s piquing investor interest in this tiny ASX mining share today.

    Why is the Odessa Minerals share price on fire today?

    The Odessa Minerals share price is shooting higher after the ASX mining share announced it has been granted two out of the three exploration licence applications at its Lyndon Project, located in Western Australia.

    The Lyndon Project covers 606 square kilometres of the highly prospective Gascoyne Complex.

    Odessa expects ministerial consent to transfer the two granted tenements from CRC Minerals Ltd under the Mining Act in the near future. The miner expects it will be granted the third exploration license inside the next month.

    Commenting on the “excellent news,” Odessa executive director David Lenigas said:

    Recently acquired historical lithium data includes an assay of 314 ppm lithium oxide. This highly significant result comes from a drainage sample collected immediately downstream of a cluster of outcropping pegmatites, and this area will be our initial focus for exploration over the coming months.

    We are also highly encouraged by the recent rare earth element (REE) drilling results that Dreadnought Resources are getting from their Yin Prospect, which is located to the east of Lyndon.

    The ASX mining share plans to kick off exploration at Lyndon for lithium, rare earth elements and copper-nickel.

    The deal remains subject to shareholder approval.

    How has this little-known ASX mining share been performing?

    Odessa Minerals is a microcap stock and, as such, shares tend to be thinly traded. Though not today.

    With today’s intraday lift factored in, the ASX mining share is up 45% over the past month. That compares to a 1% one-month loss posted by the All Ordinaries Index (ASX: XAO).

    The post Here’s why this obscure ASX mining share is exploding 87% on Monday appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.* Scott just revealed what he believes could be the “five best ASX stocks” for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now

    See The 5 Stocks
    *Returns as of August 4 2022

    (function() {
    function setButtonColorDefaults(param, property, defaultValue) {
    if( !param || !param.includes(‘#’)) {
    var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
    button.style[property] = defaultValue;
    }
    }

    setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
    setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
    setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
    })()

    More reading

    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 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/2bna17D

  • Broker tips this ASX 300 energy share to rocket 70%

    Happy man standing in front of an oil rig.

    Happy man standing in front of an oil rig.The Karoon Energy Ltd (ASX: KAR) share price has started the week with a whimper.

    In late trade, the energy explorer’s shares are down slightly to $2.01.

    Though, it is worth highlighting that the Karoon Energy share price is smashing the market on a 12-month basis.

    During this time, the company’s shares have risen a whopping 62%.

    Where next for the Karoon Energy share price?

    The good news for investors is that one broker believes the Karoon Energy share price gains are only getting started.

    According to a note out of Barclay Pearce Capital, its analysts have put a buy rating and $3.49 price target on the company’s shares.

    Based on the current Karoon Energy share price of $2.01, this implies potential upside of 73% for investors over the next 12 months.

    What did the broker say?

    Barclay Pearce Capital has been busy reviewing the company’s results for FY 2022 and appears to have liked what it saw.

    It highlights that the result was well ahead of the market’s expectations and suspects that more of the same could be coming in the future. The broker commented:

    KAR reported FY22 underlying NPAT of US$89.6m (AUD$128.0m using an AUD/USD 0.70c conversion rate) which is 35% above market expectations of AUD$94.8m. Hence, we expect positive earnings revisions of 20% for FY23 and 10% for future periods.

    All in all, it feels that this makes it great value at the current level. Its analysts conclude:

    We are initiating coverage on KAR with a 12-month target price of $3.49 and with a BUY recommendation. The price target is underpinned by our valuation.

    The post Broker tips this ASX 300 energy share to rocket 70% appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Karoon Energy Ltd right now?

    Before you consider Karoon Energy Ltd, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Karoon Energy Ltd wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    See The 5 Stocks
    *Returns as of August 4 2022

    (function() {
    function setButtonColorDefaults(param, property, defaultValue) {
    if( !param || !param.includes(‘#’)) {
    var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
    button.style[property] = defaultValue;
    }
    }

    setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
    setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
    setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
    })()

    More reading

    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/junDIN8

  • The Core Lithium share price has soared 150% in 2022, but is the company actually producing?

    A smiling woman holds an arm in the air in triumph while also holding a graphic of a fully-charged battery in her other hand representing the Pilbara Minerals share priceA smiling woman holds an arm in the air in triumph while also holding a graphic of a fully-charged battery in her other hand representing the Pilbara Minerals share price

    The share price of S&P/ASX 200 Index (ASX: XJO) lithium favourite Core Lithium Ltd (ASX: CXO) has taken off in 2022. It’s gained 157% since the start of this year to trade at $1.62 right now.

    For context, the ASX 200 has slumped 8% so far this year.

    With all those gains under its belt, market watchers will be forgiven for assuming the company must be rolling in lithium. But the truth might come as a surprise.

    Is Core Lithium producing yet?

    Those who bought Core Lithium shares in 2021 will likely be jumping for joy this year. The stock has doubled and then some since the new year began.

    That’s particularly impressive given the company still hasn’t secured its maiden production. Though, the major milestone isn’t far away.

    The company is on track to deliver its Finniss Project’s first production before the end of this year.

    The project, located near Darwin Port, is said to be Australia’s newest and most advanced lithium project.

    Its high-grade and high-quality lithium is suitable to produce lithium-ion batteries to power electric vehicles (EVs) and renewable energy storage.

    Indeed, the company signed a lithium supply agreement with EV goliath Tesla Inc (NASDAQ: TSLA) in March. The Core Lithium share price roared 15% higher on the back of the deal. A binding off-take take sheet is expected to be agreed upon between the pair by the end of next month.

    Core Lithium also owns a series of other projects.  

    It holds the Anningie and Barrow Creek Lithium Projects in the north Arunta Region of the Northern Territory, as well as notable nearby projects.

    On top of those, it boasts copper, silver, and lead projects in the Northern Territory, a zinc project in South Australia, and uranium projects in both states.

    Core Lithium share price snapshot

    It’s been a resoundingly positive period for the Core Lithium share price lately.

    On top of gaining 157% year-to-date, the stock is swapping hands for 357% more than it was this time last year.

    Though, it’s currently 4.7% lower than the all-time high of $1.48 it reached in April.

    The post The Core Lithium share price has soared 150% in 2022, but is the company actually producing? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Core Lithium Ltd right now?

    Before you consider Core Lithium Ltd, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Core Lithium Ltd wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    See The 5 Stocks
    *Returns as of August 4 2022

    (function() {
    function setButtonColorDefaults(param, property, defaultValue) {
    if( !param || !param.includes(‘#’)) {
    var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
    button.style[property] = defaultValue;
    }
    }

    setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
    setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
    setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
    })()

    More reading

    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 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/74YibVI

  • Here are the 3 most heavily traded ASX 200 shares on Monday

    a man peers between two large piles of papers and files with a wide-eyed, wide-mouth look of dread at the amount of work he has to do.

    a man peers between two large piles of papers and files with a wide-eyed, wide-mouth look of dread at the amount of work he has to do.

    The S&P/ASX 200 Index (ASX: XJO) is off to the races today in what has been a pretty fantastic start to the trading week for ASX investors. At the time of writing, the ASX 200 has gained an impressive 1.08% so far this session to just under 6,970 points.

    But let’s dig deeper into these share market gains and take a look at the ASX 200 shares currently topping the market’s trading volume charts, according to investing.com.

    The 3 most traded ASX 200 shares by volume this Monday

    Core Lithium Ltd (ASX: CXO)

    First cab off the rank today is the ASX 200 lithium share Core Lithium. So far this Monday, a sizeable 16.31 million Core Lithium shares have been exchanged on the markets. There’s been no new news out of the company itself today.

    So perhaps today’s gains are being caused by the movements in the company’s share price itself. Core shares have bounced around quite a lot today. The company is presently 0.63% lower at $1.585 a share.

    But we have seen lows of $1.55 and highs of $1.64 over just today’s session. It’s probably this volatility that has caused Core Lithium to be present on this ASX 200 list today.

    Pilbara Minerals Ltd (ASX: PLS)

    Next up is another ASX 200 lithium share in Pilbara Minerals. So far this Monday, a whopping 20.57 million Pilbara shares have been bought and sold.

    This has probably been sparked by yet another new record high for the lithium producer today. At present, Pilbara shares are trading at $4.575 each, up a healthy 1.67%. But the company touched $4.62 a share earlier this afternoon, Pilbara Minerals’ new high watermark.

    AMP Ltd (ASX: AMP)

    Finally, our most traded share this Monday is financial services provider AMP. This session has seen a hefty 20.93 million AMP shares find a new home. This could be a result of AMP’s ongoing share buybacks, which are continuing on a day-to-day basis at present.

    But it’s likely that AMP’s big share price move today is also eliciting high trading volumes. Currently, the AMP share price is going for $1.177, up a pleasing 4.16% so far today.

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

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.* Scott just revealed what he believes could be the “five best ASX stocks” for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now

    See The 5 Stocks
    *Returns as of August 4 2022

    (function() {
    function setButtonColorDefaults(param, property, defaultValue) {
    if( !param || !param.includes(‘#’)) {
    var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
    button.style[property] = defaultValue;
    }
    }

    setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
    setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
    setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
    })()

    More reading

    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.

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

  • Why Chorus, MA Financial, Tyro, and Vulcan Energy shares are dropping

    a woman looks exhausted and overwhelmed as she slumps forward into her hand while looking at her laptop screen.

    a woman looks exhausted and overwhelmed as she slumps forward into her hand while looking at her laptop screen.

    The S&P/ASX 200 Index (ASX: XJO) is on course to start the week with an impressive gain. In late trade, the benchmark index is up 1.1% to 6,972.4 points.

    Four ASX shares that have failed to follow the market higher today are listed below. Here’s why they are dropping:

    Chorus Ltd (ASX: CNU)

    The Chorus share price is down 2% to $6.93. This has been driven by the New Zealand based telecommunications company’s shares trading ex-dividend this morning. Eligible shareholders can expect to receive a 16.1 cents per share dividend next month on 11 October.

    MA Financial Group Ltd (ASX: MAF)

    The MA Financial share price has crashed 20% to $4.05. This was despite there being no news out of the financial company formerly known as Moelis. However, it has responded this afternoon, explaining why it thinks its shares were sold off. It commented: “We note comments made in the media about the potential outcome of the Federal Government’s review into the immigration system and its visa programmes including the Significant Investor Visa (SIV).”

    Tyro Payments Ltd (ASX: TYR)

    The Tyro share price is down 5% to $1.30. Reports that Potentia is trying to gain support for its $1.27 per share takeover offer appear to be weighing on this payments company’s shares. Investors appear to have been betting on a better offer being made, but that is looking less likely based on current speculation.

    Vulcan Energy Resources Ltd (ASX: VUL)

    The Vulcan Energy share price is down 8% to $7.97. This is despite there being no news out of the lithium developer. However, it is worth noting that a number of lithium shares are under pressure on Monday. This could be due to profit taking after some strong gains in recent weeks.

    The post Why Chorus, MA Financial, Tyro, and Vulcan Energy shares are dropping appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.* Scott just revealed what he believes could be the “five best ASX stocks” for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now

    See The 5 Stocks
    *Returns as of August 4 2022

    (function() {
    function setButtonColorDefaults(param, property, defaultValue) {
    if( !param || !param.includes(‘#’)) {
    var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
    button.style[property] = defaultValue;
    }
    }

    setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
    setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
    setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
    })()

    More reading

    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 positions in and has recommended Tyro Payments. The Motley Fool Australia has recommended Tyro Payments. 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/qguZG2t