Category: Stock Market

The Whitehaven Coal Ltd (ASX: WHC) share price accelerated in July.

For the month, shares in the coal miner jumped 28% to finish at $6.21 on 29 July.

This means the company’s shares outperformed the S&P/ASX 200 Energy (ASX: XEJ) sector, which rose 2.1% over the same timeframe.

And looking at the start of the new month, Whitehaven shares are continuing their ascent.

At close of trade on Monday, the coal producers’ shares are up 2.09% to $6.34.

What’s fuelling Whitehaven shares lately?

Despite the gloomy outlook on the global economy, coal prices rebounded strongly over the month following significant tailwinds.

An International Energy Agency (IEA) report released last week stated that global coal demand is looking to return to its all-time high in 2022.

This comes on the back of news that China could reopen its ports to ships carrying Australian coal. The two-year ban follows a reset in political relations between the two countries since the Morrison government left office in May.

Subsequently, the price of coal has shot up to US$407 per tonne, a 5.6% increase since this time last month.

In its June quarterly report, Whitehaven achieved a record average coal price of AU$514 per tonne for the quarter and AU$325/t for FY22.

With higher coal prices translating to higher earnings, investors took notice of management forecasting its strongest ever full-year result.

As such, the company expects to report FY22 earnings before interest, tax, depreciation, and amortisation (EBITDA) of approximately $3 billion, subject to a final audit. 

The positive release led Whitehaven shares to lift 5.17% on the day, and another 8.79% over the next two days.

According to ANZ Share Investing, Citi remains confident on Whitehaven shares, raising its 12-month price target by 60% to $7.85. This represents an upside of around 24% based on the current share price.

Its analysts believe the miner’s shares are a buy as it is well-placed to benefit from strong coal prices.

Whitehaven share price summary

Due to the favourable commodity pricing, the Whitehaven share price has surged by more than 140% in 2022.

Although, when looking at the past 12 months, Whitehaven shares are up by 185%.

Whitehaven has a price-to-earnings (P/E) ratio of 55.61, and a market capitalisation of $5.93 billion.

The post Why did the Whitehaven share price surge 28% in July? appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• How long can ASX coal shares keep this rally up?
• Why is Whitehaven share price climbing 5% today?
• Morgan Stanley tips 30% upside for the Whitehaven share price. Here’s why
• Rocks and lasers: 2 ASX All Ords shares securing new multi-year highs on Wednesday

Citigroup is an advertising partner of The Ascent, a Motley Fool company. 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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There are a lot of quality shares to choose from on the Australian share market. To narrow things down, listed below are a couple of ASX shares that are highly rated by analysts.

Here’s what they are saying about them:

Aristocrat Leisure Limited (ASX: ALL)

The first ASX share to look at is Aristocrat. It is a gaming technology company best-known for its industry-leading poker machines. However, it also has a digital business, named Pixel United, which is generating significant recurring revenues from mobile games.

But management isn’t settling for that. As well as investing heavily in research and development each year, it is aiming to expand into the emerging real money gaming market.

Citi is very positive on Aristocrat. Its analysts believe the company “represents a compelling long-term growth story” and recently noted that “while industry-wide trends present a risk to Aristocrat’s digital bookings outlook, the company’s key social casino titles and RAID had outperformed within their respective genres.”

The broker currently has a buy rating and $41.00 price target on the company’s shares.

Lifestyle Communities Limited (ASX: LIC)

Another ASX share that could be a quality option for investors is retirement communities company, Lifestyle Communities.

It develops, owns, and manages affordable independent living residential land lease communities and, at the last count, had 26 residential land lease communities under contract, in planning, in development, or under management.

Goldman Sachs is very positive on the company and believes it is well-placed to benefit from Australia’s ageing population and the structural growth in land lease living. It explained:

We believe LIC is well positioned to benefit from shifting demographic trends, as its business helps address some critical emerging social issues. Its core business is to provide affordable housing to an ageing population, addressing a key social issue that is becoming more prevalent as the proportion of over 50’s increases. We expect as this population cohort continues to grow, this should deliver structural growth for the industry; we expect demand to far outpace supply at current build rates.

Goldman has a conviction buy rating and $24.30 price target on its shares.

The post Top analysts say investors should buy these quality ASX shares appeared first on The Motley Fool Australia.

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More reading

• Experts name 2 ASX growth shares to buy with double-digit upside potential
• Experts say these ASX tech shares would be excellent buys
• Goldman Sachs names 2 ASX shares as conviction buys
• Why this leading broker is bullish on the Aristocrat share price
• Can the Lifestyle Communities share price recover in FY23?

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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Today brought more gains for the S&P/ASX 200 Index (ASX: XJO), with energy shares taking the lead. The index was 0.69% higher at 6,993 points as of Monday’s close.

It marks a fifth consecutive session in which the benchmark index closed in the green. Though, it hasn’t clambered back its June losses yet.

The S&P/ASX 200 Energy Index (ASX: XEJ) led on Monday, gaining 1.9% on the back of higher oil prices.

The price of Brent crude oil lifted 2.7% on Friday to trade at US$110.01 a barrel. Meanwhile, the US Nymex crude oil price gained 2.3% to reach US$96.42 a barrel.

It was also a good day for the S&P/ASX 200 Health Care Index (ASX: XHJ) and the S&P/ASX 200 Materials Index (ASX: XMJ). The latter’s lift likely had something to do with higher base metals and iron ore prices.

The price of nickel lifted 7.8% on Friday while iron ore futures rose 7.4% to trade at US$115.48 a tonne.

It wasn’t all glory, however. The S&P/ASX 200 Information Technology Index (ASX: XIJ) slumped 0.4% on the back of the Megaport Ltd (ASX: MP1) share price’s 13% tumble.

At the end of Monday’s session, eight of the ASX 200’s 11 sectors were in the green. But which shares topped the lot? Let’s take a look.

Top 10 ASX 200 shares countdown

Today’s top performer was lithium and boron producer Allkem Ltd (ASX: AKE). The stock gained 4.5% today despite the company’s silence. Find out what Allkem has been up to lately here.

Today’s biggest gains were made by these ASX 200 shares:

ASX-listed company	Share price	Price change
Allkem Ltd (ASX: AKE)	$11.79	4.52%
Lynas Rare Earths Ltd (ASX: LYC)	$9.10	4.48%
Elders Ltd (ASX: ELD)	$11.75	4.17%
Champion Iron Ltd (ASX: CIA)	$4.98	3.75%
Sonic Healthcare Limited (ASX: SHL)	$35.40	3.3%
Sims Ltd (ASX: SGM)	$15.16	3.2%
St Barbara Ltd (ASX: SBM)	$1.16	3.11%
Deterra Royalties Ltd (ASX: DRR)	$4.45	3.01%
Pinnacle Investment Management Group Ltd (ASX: PNI)	$10.31	3%
Woodside Energy Group Ltd (ASX: WDS)	$32.84	2.69%

Our top 10 ASX 200 shares countdown is a recurring end-of-day summary to ensure you know which companies were making big moves on the day. Check in at Fool.com.au after the market has closed during weekdays 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.

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More reading

• The Endeavour share price is trading near all-time highs. Is it too late to buy?
• Why Core Lithium, Deterra, Panoramic, and Qualitas shares are racing higher
• Why is the Allkem share price leaping 5% on Monday?
• Here are the 3 most heavily traded ASX 200 shares on Monday
• Why is the Bank of Queensland share price getting a caning on Monday?

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 MEGAPORT FPO and PINNACLE FPO. The Motley Fool Australia has positions in and has recommended PINNACLE FPO. The Motley Fool Australia has recommended Elders Limited, MEGAPORT FPO, and Sonic Healthcare 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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The Fortescue Metals Group Limited (ASX: FMG) share price had a subdued start to the week.

The mining giant’s shares have just closed the day a touch under 1% lower at $18.21.

That’s despite rivals BHP Group Ltd (ASX: BHP) and Rio Tinto Limited (ASX: RIO) both rising over 1%.

Why did the Fortescue share price underperform?

Today’s weakness in the Fortescue share price appears to have been driven by a lukewarm response to the company’s latest quarterly update.

For example, the team at Morgans responded by maintaining its hold rating and cutting the price target on the company’s shares to $17.40.

Based on the current Fortescue share price, this implies potential downside of 4.5% for investors over the next 12 months.

Morgans commented:

Despite recent share price weakness, we believe FMG is still trading around fair value and will look for further volatility before considering our investment view. We do see potential for the current volatility to push FMG into oversold territory.

What else?

Analysts at Goldman Sachs are far more bearish. In response to Fortescue’s update, the broker retained its sell rating and cut its price target to $12.70.

Based on the current Fortescue share price, this suggests significantly more downside risk of 30% over the next 12 months.

Goldman believes its shares are extremely overvalued when compared to BHP and Rio Tinto. It explained:

The stock is trading at a significant premium to BHP & RIO; c. 1.5x NAV vs. RIO & BHP at c. 0.8x & 1x NAV, c. 5.5x EBITDA (vs. BHP on 5x & RIO on c. 3.5x), and c. 5% FCF vs. BHP & RIO on c. 8-12%.

In addition. the broker has concerns over “widening of low grade 58% Fe product realisations” and “uncertainties around Fortescue Future Industries (FFI) diversification and Pilbara decarbonisation.”

The post What brokers are saying about the Fortescue share price in August appeared first on The Motley Fool Australia.

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More reading

• Guess which 2 ASX 200 shares have some of the highest dividend yields right now
• Fortescue share price slumps as iron ore price pulls back
• Why BrainChip, Fortescue, PointsBet, and Zip shares are dropping
• 5 things to watch on the ASX 200 on Friday
• Fortescue share price lifts on record iron ore exports

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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The Qantas Airways Limited (ASX: QAN) share price had a strong day on the market today.

At close of trade on Monday, Qantas shares finished at $4.64, a 1.75% gain.

So what was behind the airline’s positive movement on the boards today?

What’s going on at Qantas?

The Qantas share price outperformed its fellow ASX 200 travel shares today. The Webjet Limited (ASX: WEB) share price descended 2.33% on Monday, while Flight Centre Travel Group Ltd (ASX: FLT) shares ended the day 0.93% in the red.

Today’s rise comes despite multiple flight cancellations. More than 21 flights were scrapped in Sydney on Monday.

This followed thousands of travellers being stranded on the tarmac on Sunday due to a “major computer glitch,” the Daily Mail reported.

Qantas said the problem was only “minor” and has now been fixed, Nine News reported. Today reporter Christine Ahern said in a tweet:

More chaos at Qantas after yesterdays IT glitch caused delays. The security line snaking back almost to international terminal at Melbourne airport.

However, New Zealand’s international border reopening last night could have been what saved the Qantas share price. Borders opened at 11:59pm last night.

Commenting on the news, New Zealand tourism minister Stuart Nash said:

Today’s change in border settings marks the final milestone for our reconnecting strategy.

Share price snapshot

The Qantas share price has lost more than 7% year to date. Though it has climbed 1% in the past year.

Qantas has a market capitalisation of nearly $8.8 billion based on the current share price.

The post Qantas share price lifts despite airport mayhem appeared first on The Motley Fool Australia.

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More reading

• When will Qantas shares pay a dividend again?
• What’s happening to the Qantas share price today?
• ‘At tipping point’: Qantas share price slides as chaos continues
• Why are ASX 200 travel shares having such a stellar session?
• Why are Flight Centre, Webjet, and other ASX travel shares sinking 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 recommended Flight Centre Travel Group Limited and Webjet 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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It ended up being a decent start to the trading week for the All Ordinaries Index (ASX: XAO) on Monday. Over today’s trading session, the All Ords ended up gaining a healthy 0.5%, putting it at the 7,210 point mark. But it was even better for a few All Ords shares.

So today, let’s take a look at three such All Ords shares that managed to hit new 52-week highs.

3 All Ords shares at 52-week highs today

BWP Trust (ASX: BWP)

BWP is a real estate investment trust (REIT) that is well-known for owning commercial real estate assets, including several of the warehouses occupied by the Wesfarmers Ltd (ASX: WES)-owned Bunnings. This REIT had a rather strange session.

Yes, it initially rose upon market open to a new 52-week high of $4.35 a unit. But BWP quickly lost steam throughout the day and ended up closing at $4.24, down 0.93% for the day. Even so, the new high watermark still counts.

Austal Ltd (ASX: ASB)

Shipbuilder Austal is next up this Monday. Austal shares also had a strange day of trading today. The company, like BWP, was out of the gate like a bull this morning, quickly rising to $2.79 a share, its new 52-week high.

But investors appeared to get cold feet as well, and Austral shares spent the rest of the day falling away from this new high. The company ended up finishing at $2.64 a share, down 1.49%.

It was only last week that we were discussing another new 52-week high for Austral. So it’s certainly been a great week for this company.

COG Financial Services Ltd (ASX: COG)

Third and finally, we have Cog Financial Services. Alone on this list, Cog actually finished in the green this Monday. The company closed at $1.87 a share this afternoon, up a pleasing 4.47%. However, that’s not Cog’s new 52-week high.

That came at market open when the company rocketed as high as $2 a share. That happens to be Cog’s new high watermark. Cog shares are now up close to 20% since 21 July, when the company released a well-received trading update.

The post These 3 ASX All Ordinaries shares hit new 52-week highs on Monday appeared first on The Motley Fool Australia.

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More reading

• These were the best performing ASX 200 shares in July
• Why is the Bubs share price smashing the All Ordinaries today?
• 3 ASX All Ordinaries shares hitting new 52-week highs on Wednesday
• 2 ASX 300 shares rocking new 52-week highs on Monday
• Why did the Kogan share price rocket 20% this week?

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 positions in and has recommended Austal Limited. 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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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:

Coles Group Ltd (CSX: COL)

According to a note out of Citi, its analysts have retained their buy rating and lifted their price target on this supermarket giant’s shares to $21.00. Citi has been looking at the impact that inflation will have on retailers and expects Coles to be impacted positively. So much so, the broker has lifted its earnings estimates to reflect an inflationary boost to sales. The Coles share price is trading at $18.88 on Monday.

CSL Limited (ASX: CSL)

Another note out of Citi reveals that its analysts have retained their buy rating and lifted their price target on this biotherapeutics company’s shares to $345.00. Citi has been looking at recent results from rivals Grifols and Takeda and believes that they show an improvement in the plasma market operating environment. It notes that demand and pricing are strong and donor fees are coming down. The CSL share price is fetching $295.35 this afternoon.

Westpac Banking Corp (ASX: WBC)

Analysts at Goldman Sachs have upgraded this banking giant’s shares to a conviction buy rating with a $26.12 price target. The broker made the move on the belief that Westpac’s net interest margin is well-placed to benefit from higher rates. Goldman also notes that it has a greater level of comfort around the state of the franchise, despite its productivity agenda. The Westpac share price is trading at $21.62 today.

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

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More reading

• Are Coles shares an inflation-beating investment right now?
• Why is the Westpac share price outperforming the other ASX 200 banks on Monday?
• Experts name 2 ASX 200 dividend giants to buy
• 5 things to watch on the ASX 200 on Monday
• ‘Raises a whole lot of issues’: Which ASX 200 banks are still funding new fossil fuel projects?

Motley Fool contributor James Mickleboro has positions in Westpac Banking Corporation. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL Ltd. The Motley Fool Australia has positions in and has recommended COLESGROUP DEF SET. The Motley Fool Australia has recommended Westpac Banking Corporation. 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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It’s been a cracking start to the week for the S&P/ASX 200 Index (ASX: XJO) this Monday. At market close, the ASX 200 is up a pleasing 0.63% at just under 7,000 points. But it’s been an even better day for the Endeavour Group Ltd (ASX: EDV) share price.

Endeavour shares closed a little higher than the index, gaining a healthy 0.88% to $7.99 a share on Monday. Earlier today, this ASX 200 consumer staples share rose as high as $8.04. That’s just a whisker off Endeavour’s present 52-week (and record) high of $8.08 that we saw it hit only last month.

The Endeavour share price has been a pleasing ASX 200 performer in recent months. Over 2022 thus far, the company is now up 18.69%. It’s also up more than 30% since making its ASX debut in June last year.

That was when Endeavour’s old owner Woolworths Group Ltd (ASX: WOW) pushed the company out of its nest to live ASX life on its own.

So with these pleasing gains under the belt, is it too late to buy Endeavour shares today?

Well, not according to more than one expert ASX investor.

ASX experts: Why Endeavour shares are a buy today

As my Fool colleague Tony covered last month, Shaw and Partners portfolio manager James Gerrish named Endeavour as one of the ASX 200 shares best placed to withstand an economic downturn. Gerrish did note that the Endeavour share price could be “close to being fully priced” at its present levels.

However, he also argued that “margins are better and profitability is growing at a higher clip which could justify the premium multiple” that Endeavour shares are presently trading at.

But last month, we also heard from portfolio manager of the Redpoint Australian Equity Income Fund Max Cappetta. Noting that Endeavour has had a stellar year to date, here’s some of what Cappetta added:

We still find it attractive. We think that the benefits of it now being a standalone entity enables management to clearly focus on converting really what is their absolute market-leading position into profit margin improvement in the years ahead.

So these two ASX expert investors clearly think there are far worse places to have one’s money in than the Endeavour share price today. No doubt investors will find this assessment pleasing as the company approaches its all-time high share price.

The current Endeavour share price gives this ASX 200 consumer staples share a market capitalisation of $14.33 billion, with a dividend yield of 3.13%.

The post The Endeavour share price is trading near all-time highs. Is it too late to buy? appeared first on The Motley Fool Australia.

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More reading

• Here are the 3 most heavily traded ASX 200 shares on Monday
• Why is the Bank of Queensland share price getting a caning on Monday?
• Why did the AFIC share price have such a top run in July?
• Why has the Lake Resources share price rocketed 16% today?
• 5 things to watch on the ASX 200 on Monday

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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Income-seeking investors are known to have a love affair with ASX shares that offer high-paying dividends.

This can be particularly handy to know given the recent volatility on the ASX.

As we officially enter earnings seasons today, here’s a look at which two companies currently have some of the highest dividend yields.

Fortescue Metals Group Ltd (ASX: FMG)

One of the world’s largest iron ore producers, Fortescue has grown from a small mining outfit to a dominant player in the industry. Fortescue’s core assets are located in the Pilbara region of Western Australia.

Last week, the company reported record iron ore exports along with higher average revenue realised for Q4 FY22. This bumper performance is expected to flow onto FY23 on the back of China’s insatiable demand for iron ore.

The Fortescue board declared an interim dividend of 86 cents in the first half of FY22, and is anticipated to announce its final dividend later this month.

According to Goldman Sachs, the company is projected to payout a fully franked dividend of around $1.17 per share.

Based on the current share price of $18.15, this equates to an astonishing 11.17% dividend yield.

Rio Tinto Ltd (ASX: RIO)

Not far behind is another mining giant, Rio Tinto.

Based in 35 countries, the global mining company produces a number of important materials that are needed for everyday purposes. This ranges from iron ore, copper, aluminium, diamonds, titanium dioxide, and even lithium.

Last Wednesday, Rio Tinto delivered its half-year results for the 2022 financial year.

While the company registered a drop across key metrics when compared to FY21, investors shrugged off the disappointing news.

Its shares lost around 2% on the day which has since been recovered. At the time of writing, the Rio Tinto share price is $98.50, 0.68% higher than Friday’s closing price.

The company’s board, however, did slash the interim dividend by a considerable amount – namely 52% to $3.837 per share.

Even with the significant cut, Rio Tinto still boasts one of the highest dividend yields.

Goldman is forecasting the miner to pay a full-year dividend of $7.28 per share.

This means that based on its current share price, Rio Tinto has a dividend yield of 7.36%.

The post Guess which 2 ASX 200 shares have some of the highest dividend yields right now appeared first on The Motley Fool Australia.

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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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In late trade, the S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a decent gain. At the time of writing, the benchmark index is up 0.5% to 6,981.3 points.

Four ASX shares that are climbing more than most today are listed below. Here’s why they are charging higher:

Core Lithium Ltd (ASX: CXO)

The Core Lithium share price is up over 3% to $1.19. Investors have been buying this lithium developer’s shares after it released positive drilling results. Core reported “world-class high-grade lithium intersections” with one hole returning 66.88 metres at 1.78% Li2O. Management also suspects that thickness and grade could improve with depth.

Deterra Royalties Ltd (ASX: DRR)

The Deterra Royalties share price is up 3.5% to $4.47. This follows the release of an update on the company’s quarterly royalty revenue. Deterra revealed that royalty receipts reached $113.1 million during the fourth quarter. This brought its full year royalties to $265,2 million. The highlight was Mining Area C, which generated iron ore revenue royalties of $67 million during the quarter.

Panoramic Resources Ltd (ASX: PAN)

The Panoramic share price is up 10% to 21.5 cents. This morning Panoramic provided an update on its definition drilling at the Savannah Nickel Project in Western Australia. Results from the first two drill fans above the 900 Fault have the potential to significantly increase the Savannah Mineral Resource in this area of the mine. They also support the development of a second mining front to support mining operations at Savannah North.

Qualitas Ltd (ASX: QAL)

The Qualitas share price has jumped 24% to $2.08. Investors have been scrambling to buy this alternative real estate investment manager’s shares after it secured commitments for a mandate to invest $700 million on behalf of a new fully discretionary investment vehicle. The mandate is from a subsidiary of the Abu Dhabi Investment Authority.

The post Why Core Lithium, Deterra, Panoramic, and Qualitas shares are racing higher appeared first on The Motley Fool Australia.

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More reading

• Here are the 3 most heavily traded ASX 200 shares on Monday
• Why is the Qualitas share price rocketing 23% on Monday?
• Why has the Lake Resources share price rocketed 16% today?
• Core Lithium share price surges 4% on ‘exceptional’ drill results
• Core Lithium shares leapt 9% following this week’s results release, but why?

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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