Category: Stock Market

  • 2 fantastic ASX 200 shares analysts say are buys

    A man sees some good news on his phone and gives a little cheer.

    A man sees some good news on his phone and gives a little cheer.

    The Australian share market is home to a number of companies with the potential to grow at a strong rate in the future.

    Two such shares that analysts rate highly are listed below. Here’s what you need to know about these ASX 200 shares:

    Allkem Ltd (ASX: AKE)

    The first ASX 200 share that is rated highly is lithium miner Allkem.

    It is the owner of a collection of quality projects across several lithium types. These include Olaroz, Mt Cattlin, and the Sal de Vida brine project.

    With lithium prices at sky high prices and looking likely to stay that way in the near term, Allkem appears well-placed to deliver strong earnings growth. Particularly given the end of older supply contracts at much lower prices and increasing production.

    In respect to the latter, management is aiming to grow its production three-fold by 2026 and command a 10% share of global lithium production over the long term.

    Bell Potter is a big fan of the company. It has a buy rating and $21.58 price target on its shares.

    Altium Limited (ASX: ALU)

    Another ASX 200 share to look at is Altium. It is a printed circuit board design software (PCB) provider.

    PCBs are the boards you find in almost all electronic devices. They are integral to the operation of the device and come in all shapes and sizes. As a result, the design of them is an extremely complex process and requires specialist software.

    Altium’s software is regarded as the best in the industry. A testament to this is its customer base, which includes the likes of NASA and Tesla.

    Management is very confident on its future and is aiming to double its revenue to US$500 million by 2026 with stronger margins. This bodes well for its earnings growth over the coming years.

    Jefferies is a fan of the company. Its analysts currently have a buy rating and $38.13 price target on its shares. 

    The post 2 fantastic ASX 200 shares analysts say are buys 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 September 1 2022

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    Motley Fool contributor James Mickleboro has positions in Allkem Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Altium. 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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  • These ASX critical minerals companies just received millions in government grants

    A happy construction worker or miner holds a fistfull of Australian money, indicating a dividends windfallA happy construction worker or miner holds a fistfull of Australian money, indicating a dividends windfall

    Several ASX materials shares will receive $50 million in grants from the Australian Federal Government, according to an announcement this afternoon.

    The release said the grants would help the government reach its net zero ambitions by 2050. They would also “bolster development across Northern Australia, generate new jobs and drive regional economic growth”.

    Minister for Resources and Minister for North Australia Madeline King, made the following comments:

    Australia has the potential to become a major global supplier of critical minerals and rare earths which will be essential to help Australia and the world transition to low-emissions technology and achieve net zero emissions by 2050.

    The grants will accelerate early and mid-stage projects, driving new investment in our processing and manufacturing capabilities as we develop our critical minerals sector.

    King said Australia’s vast reserves of critical minerals were “crucial” to the production of batteries and electric vehicles, as well medical equipment, defence, aerospace, automotive and agritech industries. She added:

    These junior projects, should they be successful in scaling up to full production, will help diversify global critical minerals supply chains.

    Which companies will receive grants?

    A total of six companies will receive part of the $50 million in funding.

    The companies include:

    • Alpha HPA Ltd (ASX: A4N): $15.5 million for its “ultra-pure” aluminium chemical plant in Gladstone, Queensland
    • Cobalt Blue Holdings Ltd (ASX: COB): $15 million for its Broken Hill Cobalt project in New South Wales.
    • EQ Resources Ltd (ASX: EQR): $6 million for tungsten production and to restart production at its Mount Carbine site in Queensland
    • Global Advanced Metals Pty Ltd: $4 million for its recovery plant in Western Australia
    • Lava Blue: $5.24 million for developing modular re-processing technology
    • Mineral Commodities Limited (ASX: MRC) $3.94 million to develop its integrated ore-to-battery anodes business

    What will the grants produce?

    Materials investors may well be hoping the grants will bring new life to the materials sector amid China’s fears of a slowdown in economic activity.

    While ASX lithium shares are doing what they can to keep S&P/ASX 200 Materials Index (ASX: XMJ) above water, which is down 9.51% year to date, some other materials are falling far behind.

    Iron ore has been hit especially hard due to China’s real estate crisis, and precious metals gold and silver are suffering from a stronger US dollar.

    On the positive front, ASX graphite shares are emerging as an alternative to lithium, and copper’s outlook was recently upgraded for the long-term.

    The post These ASX critical minerals companies just received millions in government grants 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 September 1 2022

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    Motley Fool contributor Matthew Farley 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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  • Why did ASX 200 gold shares have such a rough day?

    A woman holds a gold bar in one hand and puts her other hand to her forehead with an apprehensive and concerned expression on her face after watching the Ramelius share price fall todayA woman holds a gold bar in one hand and puts her other hand to her forehead with an apprehensive and concerned expression on her face after watching the Ramelius share price fall today

    ASX 200 gold shares had a tough end to the week amid the falling gold price.

    Gold shares on the ASX include Evolution Mining Ltd (ASX: EVN), Newcrest Mining Ltd (ASX: NCM) and Northern Star Resources Ltd (ASX: NST).

    Let’s take a look at why today was a shocker for these ASX 200 gold shares.

    Gold price tumbles

    Evolution shares lost 5% today, while the Newcrest share price fell 2.75%. Meanwhile, the Northern Star Resources share price dropped 4.15%.

    Newcrest, Evolution and Northern Star are all major gold producers.

    The gold price dropped to the lowest level since April 2020 at US$1,659.47 overnight. The gold price has since recovered slightly to US$1,668.40 an ounce at the time of writing.

    The gold price fell amid concerns the US Federal Reserve will raise rates sharply next week to fight inflation.

    In comments cited by Reuters, Next Generation Research head Julius Baer said:

    The gold market has clearly priced in a more aggressive US Federal Reserve ahead of next week’s meeting, reflecting the central bank’s determination to fight inflation.

    Northern Star expects to deliver 1,560koz to 1,680koz (thousand ounces) of gold in FY23. Meanwhile, Newcrest is expecting to produce 2100 to 2,400 koz of gold in FY23. Evolution is planning to increase gold production in FY23 by 12.5% to about 720,000 ounces.

    Share price snapshot

    The Northern Star share price has slid 22% in the past year. Meanwhile, Evolution shares have dropped 48%, while Newcrest shares have fallen 32%.

    For perspective, the S&P/ASX 200 Materials Index (ASX: SMJ) has fallen 3.51% in a year.

    The post Why did ASX 200 gold shares have such a rough day? 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 September 1 2022

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    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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  • Why did the Imugene share price have such a lousy end to the week?

    A bored man sits at his desk, flat after seeing the latest news on the share market.A bored man sits at his desk, flat after seeing the latest news on the share market.

    The Imugene Limited (ASX: IMU) share price finished flat for today, but has been in the red for week.

    At Friday’s market close, the clinical stage immuno-oncology company’s shares ended at 22 cents a pop.

    This means the share is down 6.38% for the week.

    What’s up with Imugene shares?

    Investors are drove the Imugene share price to a two-month low on the day of company’s announced institutional placement.

    Imugene advised it successfully received firm commitments to raise $80 million from a number of institutional investors.

    However, with new Imugene shares to come onto the market, this will dilute the existing shareholder value.

    Nonetheless, Imugene released its prospectus to the ASX today for the issue of the institutional placement options.

    The offer is an issuance of one new option for every two new shares to eligible participants, to raise up to approximately $66 million.

    In total, Imugene will offer 200 million new options at an exercise price of 33 cents per option.

    They expire on 31 March 2026 and can be exercisable at any time up to and including the expiry date.

    Allotment of the new options under the offer is expected on 19 September.

    Imugene is seeking to raise the funds to accelerate the development of its anti-cancer drugs.

    Imugene share price snapshot

    Adding to this week’s decline, the Imugene share price has tanked almost 50% since this time last year.

    Half of these losses have come in the past month alone.

    Based on today’s price, Imugene commands a market capitalisation of roughly $1.29 billion, with 5.87 billion shares on issue.

    The post Why did the Imugene share price have such a lousy end to the week? appeared first on The Motley Fool Australia.

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

    Before you consider Imugene 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 Imugene 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 September 1 2022

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    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.

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  • Here are the top 10 ASX 200 shares today

    A group of business people pump the air and cheer.A group of business people pump the air and cheer.

    The S&P/ASX 200 Index (ASX: XJO) slumped lower on Friday, marking the end to what was likely a disappointing week for Australian investors. The index closed 1.4% lower at 6,747 points today.

    That leaves the ASX 200 2.14% lower than it was at the end of last week, mostly due to Wednesday’s disastrous session.

    The S&P/ASX 200 Energy Index (ASX: XEJ) weighed heaviest today, falling 3%. The sector’s suffering likely came on the back of falling oil prices.

    The Brent crude oil price fell 3.5% to US$90.84 a barrel overnight while the US Nymex crude oil price dropped 3.8% to US$85.10 a barrel.

    Mining giants also dragged on the market, with the S&P/ASX 200 Materials Index (ASX: XMJ) dumping 2.3%.

    Gold futures slumped 1.9% to US$1,677.30 an ounce overnight while iron ore futures lifted 0.1% to US$100.58 a tonne. Meanwhile, the price of nickel fell 4.5% and that of copper slipped 0.6%.

    Today’s top performing sectors were the S&P/ASX 200 Utilities Index (ASX: XUJ) and the S&P/ASX 200 Information Technology Index (ASX: XIJ). They fell 0.4% and 0.6% respectively.

    But which ASX 200 share outperformed all others? Keep reading to find out.

    Top 10 ASX 200 shares countdown

    Today’s top performing ASX 200 share was Star Entertainment Group Ltd (ASX: SGR).

    The company’s interim chair Ben Heap responded to the findings of a review into its suitability to operate its Sydney casino, released earlier this week, yesterday afternoon.

    Today’s biggest gains were made by these shares:

    ASX-listed company Share price Price change
    Star Entertainment Group Ltd (ASX: SGR) $2.90 5.07%
    Computershare Ltd (ASX: CPU) $26.01 4.42%
    Tabcorp Holdings Limited (ASX: TAH) $0.98 4.26%
    Reliance Worldwide Corporation Ltd (ASX: RWC) $3.69 2.79%
    News Corporation (ASX: NWS) $25.86 2.5%
    Home Consortium Ltd (ASX: HMC) $5.06 2.43%
    Nine Entertainment Co Holdings Ltd (ASX: NEC) $2.08 1.96%
    Event Hospitality and Entertainment Ltd (ASX: EVT) $13.20 1.69%
    Eagers Automotive Ltd (ASX: APE) $12.85 1.42%
    Bapcor Ltd (ASX: BAP) $6.86 1.33%

    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 September 1 2022

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    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 Reliance Worldwide Corporation Limited. The Motley Fool Australia has recommended Bapcor and Reliance Worldwide Corporation Limited. 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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  • Top broker values Mineral Resources rumoured lithium spin-off at $17 billion

    A female miner wearing a high vis vest and hard hard smiles and holds a clipboard while inspecting a mine site with a colleague.

    A female miner wearing a high vis vest and hard hard smiles and holds a clipboard while inspecting a mine site with a colleague.

    The Mineral Resources Limited (ASX: MIN) share price was out of form on Friday.

    The mining and mining services company’s shares tumbled 5% lower to $66.39.

    This was driven by a broad market selloff, which was felt hardest among riskier assets.

    Is this Mineral Resources share price weakness a buying opportunity?

    One leading broker that certainly sees this share price weakness as a buying opportunity is UBS.

    According to a note, the broker has retained its buy rating and $83.00 price target on the company’s shares.

    Based on the current Mineral Resources share price, this implies potential upside of 25% for investors over the next 12 months.

    But it could get even better.

    What else is the broker saying?

    There has been a lot of speculation this month about Mineral Resources potentially unlocking value by demerging its lithium operations and listing them on Wall Street.

    UBS has been looking into this option and appears to like what it sees. Its analysts note that Albemarle’s lithium business trades at 10x FY 2024 EBITDA, whereas Mineral Resources’ business is fetching just over 3x FY 2024 EBITDA.

    And while UBS doesn’t necessarily think that the business will be able to command as great a premium as Albemarle, it still sees 6x EBITDA as possible. The broker commented:

    While the case for MIN’s lithium spinoff to create value is strong, we believe ALB’s Li business arguably should trade at a premium to MIN.

    If the business were to trade at 6x FY 2024 EBITDA, it would give it a valuation of $17 billion. That is notably more that the current Mineral Resources market capitalisation of $13 billion, which includes far more than just its lithium operations.

    However, as things stand, management has not announced plans to spin off the business, so it is purely speculation at this stage. But with this much value potentially being unlocked from doing so, shareholders will no doubt be hoping it happens.

    The post Top broker values Mineral Resources rumoured lithium spin-off at $17 billion 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 September 1 2022

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    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.

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  • At a dire time for ASX 200 tech, how are Computershare shares trading near all-time highs?

    An executive in a suit smooths his hair and laughs as he looks at his laptop feeling surprised and delighted.An executive in a suit smooths his hair and laughs as he looks at his laptop feeling surprised and delighted.

    The Computershare Ltd (ASX: CPU) share price has been on a roll lately. Not only has it dodged the carnage suffered by its S&P/ASX 200 Index (ASX: XJO) tech peers, it’s trading within a hair of its all-time record high.

    The Computershare share price is launching another 5% today, closing trade at $26.13. That’s only 1.6% lower than its record high of $26.56.

    That’s despite the broader ASX 200 tumbling 1.4% and the S&P/ASX 200 Information Technology Index (ASX: XIJ) slipping 0.56%.

    In fact, the ASX 200 tech sector has plunged 30% so far this year. Meanwhile, Computershare’s stock has gained 30%.

    So, why is the investor services operator outperforming the broader market while most of its peers have sunk deep into the red? Let’s take a look.

    How are Computershare shares defying the tech downturn?

    The Computershare share price is boasting major gains this year. At the same time, its sector has struggled to stay afloat.

    Interestingly, the reason behind the tech sector’s suffering might explain the stock’s rise.

    The major factor weighing on ASX 200 tech shares this year is arguably inflation. Inflation – and resulting rate hikes – tend to hit tech stocks harder than most, as they are more often growth-focused.

    To put it simply, inflation can increase the cost of debt while reducing the value of a company’s future cash flows.

    Thus, rising inflation can weigh on the share prices of companies valued on their expected future growth and cash flows. My Fool colleague Zach explained this phenomenon in more detail earlier this year.

    But rising inflation is actually good news for Computershare, according to experts. And that could be what has helped to buoy the Computershare share price.

    T. Rowe Price’s Randal Janneke previously noted the company’s business model sees it collect cash from its businesses before handing it out to investors. But before being distributed, the cash is placed in money markets where higher interest rates see it generate larger returns.

    This sentiment is shared by Tribeca’s Jun Bei Liu, as my colleague Tony reports.

    The post At a dire time for ASX 200 tech, how are Computershare shares trading near all-time highs? 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 September 1 2022

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    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.

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  • Top brokers name 2 ASX growth shares to buy now

    Smiling man sits in front of a graph on computer while using his mobile phone.

    Smiling man sits in front of a graph on computer while using his mobile phone.If you’re searching for growth shares to buy, then two ASX shares listed below could be worth considering.

    Both have been named as buys by brokers and tipped to have major upside potential. Here’s what they are saying about them:

    Domino’s Pizza Enterprises Ltd (ASX: DMP)

    The first ASX growth share that could be in the buy zone is Domino’s.

    It is one of the largest pizza chain operators in the world with a significant presence in the ANZ, European, and Asian regions. But management isn’t stopping there. It has set itself a target of 7,250 stores by 2033, which is over double its current footprint.

    And while the company is going through a difficult period at the moment, the team at Morgans believe investors should be patient and focus on its long term growth opportunity.

    Morgans has an add rating and $90.00 price target on Domino’s shares. It commented:

    It is an affordable option that has performed well historically even in times of inflation or slower economic growth. The engine of DMP’s growth is its ability to roll out new stores all over the world. It added 438 stores to its global network in the year to June 2022, a pace of expansion that we forecast to accelerate to nearly 600 in FY23. This will take the total to almost 4,000 stores, up fourfold over a ten-year period. Over the next ten years, DMP expects to grow organically to 7,250 stores in the 13 countries in which it currently operates

    Readytech Holdings Ltd (ASX: RDY)

    Another ASX growth share to look at is enterprise software provider Readytech.

    It has been a strong performer in recent years and delivered the goods again in FY 2022. Last month, Readytech revealed a 16.8% year over year increase in revenue to $78.3 million and a 45.5% jump in underlying EBITDA to $27.5 million.

    Goldman Sachs is expecting more of the same in the future. As a result, it has put a buy rating and $4.30 price target on the company’s shares. Goldman commented:

    We are constructive on RDY’s growth outlook given its defensive end-market exposures (government and education represent ~3/4 of FY23E revenue) and see scope for margins to grow from FY23 onwards, aided by transitioning IT Vision’s on-premise customer base to cloud in coming years (generating a 2-3x ARPU uplift).

    RDY remains materially undervalued relative to profitable SaaS peers (we estimate >50% discount on growth-adjusted FY24E EV/EBITDA) and is building an impressive track record of organic growth execution which in our view will drive a re-rating over time.

    The post Top brokers name 2 ASX growth shares to buy 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

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    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 Readytech Holdings Ltd. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited and Readytech Holdings Ltd. 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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  • Why is the Boss Energy share price melting 8% lower?

    Disappointed man with his head on his hand looking at a falling share price his a laptop.Disappointed man with his head on his hand looking at a falling share price his a laptop.

    The Boss Energy Ltd (ASX: BOE) share price is having a woeful day on the ASX.

    At the time of writing, the uranium producer’s shares are swapping hands at $2.68, down 7.90%.

    This comes as the broader Aussie stock market is also tumbling on the back of bearish sentiment after Wall Street sank overnight.

    Shares in fellow miners, Paladin Energy Ltd (ASX: PDN) and Deep Yellow Ltd (ASX: DYL) are down 4.44% and 8.37%, respectively.

    What’s causing Boss Energy shares to fall today?

    Investors are offloading the Boss Energy share price after uranium prices have continued their descent in the past few days.

    Otherwise known as ‘yellowcake’, the heavy metal is fetching for US$50.85 per pound, a drop of 0.68% from the previous close.

    At the beginning of the week, uranium was being traded around US$52.68 before the energy sector tanked.

    For context, the S&P/ASX 200 Energy (ASX: XEJ) sector is the worst performer across the ASX today with a 4.11% decline.

    In addition, the Global X Uranium ETF (URA) nosedived by 4.04% last night. The index fund covers a number of companies involved in uranium mining and the manufacturing of nuclear equipment.

    This comes as investors have pulled out of the commodity markets in fear of the Fed Reserves’ impending rate hike.

    When interest rates are lifted, this puts pressure on the stock market.

    Nonetheless, as reported by my Fool Colleague Brooke the current global energy crisis could have a positive impact on uranium in the medium-term.

    Boss Energy share price snapshot

    Despite today’s losses, the Boss Energy share price is up 20% in 2022.

    However, when looking over the past 12 months, the share is relatively flat.

    Based on today’s price, Boss Energy presides a market capitalisation of roughly $1.03 billion.

    The post Why is the Boss Energy share price melting 8% lower? 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 September 1 2022

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    Motley Fool contributor Aaron Teboneras has positions in Paladin Energy Ltd. 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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  • Here are the 3 most heavily traded ASX 200 shares on Friday

    An office worker and his desk covered in yellow post-it notes

    An office worker and his desk covered in yellow post-it notesIt’s turning out to be a disappointing end to a depressing week for ASX investors this Friday. At the time of writing, the S&P/ASX 200 Index (ASX: XJO) has lost another nasty 1.38%, dialling back the index to around 6,748 points. At this point, the ASX 200 is on track to lose around 2.2% for the week.

    But let’s not let that ruin our weekends. So rather than dwelling on that, let’s instead take a glance at the ASX 200 shares that are currently topping the share market’s trading volume charts, according to investing.com.

    The 3 most traded ASX 200 shares by volume this Friday

    Pilbara Minerals Ltd (ASX: PLS)

    First up today is the ASX 200 lithium share Pilbara minerals. Pilbara has had a hefty 20.2 million shares trade accounts on the market today. This probably has something to do with the notable share price fall this company has suffered through.

    There’s been no news out of Pilbara itself. But the company has retreated from yesterday’s all-time highs and is currently down a chunky 2.45% at $4.58 a share. It’s likely that this market-exceeding fall has prompted the high volume levels we are seeing.

    Atlas Arteria Group (ASX: ALX)

    Next up is a rare guest appearance for this list in ASX 200 toll road operator Atlas Arteria. This Friday has seen a sizeable 22.01 million Atlas shares cross the bridge to a new owner. This company’s presence here is almost certainly the result of the horrible 14.2% drop Atlas has recorded so far to $6.70 a share.

    As my Fool colleague Matthew covered earlier today, this is a result of the company coming out of a trading halt. The proposed acquisition of the US-based Skyway Concession company has not gone down too well with some investors.

    Lake Resources NL (ASX: LKE)

    Our third, final and most traded ASX 200 share this Friday is none other than Pilbara’s fellow lithium share Lake Resources. Today has seen a whopping 24.8 million Lake shares bought and sold on the ASX so far. There hasn’t been much news to go off here.

    But like Pilbara, Lake shares are also dropping today. The company has shed another 3% to 89.5 cents a share, putting its five-day losses at a depressing 33.2%. This drop is probably the reason we are seeing such elevated trading volumes.

    The post Here are the 3 most heavily traded ASX 200 shares on Friday 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 September 1 2022

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    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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