Category: Stock Market

It’s turning out to be a positive end to the trading week for the S&P/ASX 200 Index (ASX: XJO). At the time of writing, the ASX 200 has added a healthy 0.59% at just under 6,700 points.

But a few ASX tech shares are doing far better. One is the Life360 Inc (ASX: 360) share price.

Life360 shares are on fire today. The software company has gained an impressive 13.22% so far today at $4.11 a share after closing at $3.63 yesterday. Not only that, but earlier this morning, the company rose as high as $4.14 a share, which was a rise of more than 14%. That makes Life360 the best performer on the entire ASX 200 index so far this Friday.

Life360 is now up an impressive 69% since hitting a new 52-week low of $2.41 back on 23 June. However, the company is still down by almost 58% year to date in 2022 thus far.

So what could be causing such a decisive move higher for Life360?

Why has the Life360 share price shot higher today?

Well, it’s entirely unclear exactly what is sparking this rocketing share price. There has been no news or announcements out of the company itself today.

However, we did see some very strong moves in the tech space over on the US markets last night (our time). The tech-heavy NASDAQ-100 (INDEXNASDAQ: NDX) index rose by 2.16% last night.

But we saw many prominent US tech shares shoot up by more than that. Alphabet Inc (NASDAQ: GOOGL)(NASDAQ: GOOGL) shot up 3.68%, while Shopify Inc (NYSE: SHOP) was up almost 7%. Coinbase Global Inc (NASDAQ: COIN) shares rose 11.12%.

So perhaps Life360’s impressive performance was prompted by these moves on the US markets overnight.

Whatever, the reason for today’s moves, no doubt there are a lot of happy Life360 shareholders out there today.

At the current Life360 share price, this ASX 200 tech share has a market capitalisation of $760 million.

The post Why is the Life360 share price soaring 12% today? appeared first on The Motley Fool Australia.

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More reading

• Lake Resources shares are the most traded today. What’s going on?
• Down 40% in 2022: Is the Xero share price a buy today?
• Why did the Northern Star share price lose its shine in FY22?
• 5 things to watch on the ASX 200 on Friday
• What’s the outlook for ASX 200 dividend shares in FY23?

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Motley Fool contributor Sebastian Bowen has positions in Alphabet (A shares), Shopify and Coinbase Global, Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Alphabet (A shares), Alphabet (C shares), Coinbase Global, Inc., Life360, Inc., and Shopify. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended the following options: long January 2023 $1,140 calls on Shopify and short January 2023 $1,160 calls on Shopify. The Motley Fool Australia has recommended Alphabet (A shares) and Alphabet (C shares). 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 Neometals Ltd (ASX: NMT) share price is leaping higher on Friday after the company announced it could become a notably cheap producer of vanadium.

The company is working to obtain a 50% stake in a venture developing a project to recover vanadium from steel-making by-product, slag.

Now, an operating cost estimate has found the project could be among the lowest-cost producers of the mineral.  

At the time of writing, the Neometals share price is $1.02, 3.55% higher than its previous close. Though, earlier today it hit a high of $1.06, representing a 7.6% gain.

Let’s take a closer look at the latest news from the mineral explorer.

Why is the Neometals share price lifting?

The Neometals share price is taking off following an update on the Vanadium Recovery Project’s feasibility study.

An engineering cost study has found the project – expected to be located in Finland – could be capable of producing 19 million pounds of vanadium each year at an average net operating cost of US$4.38 a pound. That places it in the lowest quartile of the industry cost curve.

Such an operating cost is higher than the project’s pre-feasibility study‘s prediction of US$4.25 a pound. However, the latest study is notably more accurate and predicts greater production.

The latest findings have increased the project’s expected annual throughput from 200,000 tonnes per annum to 300,000 tonnes per annum. They’ve also increased its expected capital costs from US$183.4 million to US$341 million.

Neometals can earn a 50% stake in the venture – owned by Scandinavia’s Critical Metals – by funding and managing the project’s evaluation.  

Today’s announcement from the company notes the project “offers a compelling business case”. That’s underpinned by factors including access to very high-grade feedstocks and a low or net-zero greenhouse gas footprint.

Neometals managing director Chris Reed commented on the news driving the company’s share price today, saying:

Security of supply is a key issue in Europe, vanadium has been on the list of Critical Raw Materials since 2017 and Russia supplied the bulk of Europe’s vanadium feedstock in 2021. As Europe’s only advanced high purity vanadium development project, [the project] is a strategically important asset.

Notwithstanding a reduction in technical risk, Neometals is cognisant of the global economic and geopolitical outlook, current state of financial markets, and the fall in the vanadium price which has increased the financial risk of the project.

The post Neometals share price soars on ‘compelling’ vanadium recycling results appeared first on The Motley Fool Australia.

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More reading

• Why is the Neometals share price surging 10% today?

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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The Bitcoin (CRYPTO: BTC) price broke all kinds of records in the 2022 financial year.

First, it hit new record highs in November. Then in June, the crypto fell below its previous cycle highs, set in December 2017, for the first time in its trading history.

Here’s how and why the token moved over FY22.

Bitcoin price off to a cracking start

Though it slid during the first two weeks, by mid-July 2021 the Bitcoin price was off to the races.

Bitcoin kicked off the financial year trading for US$35,041. By 10 November it reached all-time highs of US$68,790, according to data from CoinMarketCap. A handy 96% gain in four and a half months.

Crypto investors with virtual crystal balls who sold on that date won’t be regretting it.

By the time we flipped our calendars into July and into FY23, the Bitcoin price had fallen to US$19,102, down 72% from the November record and down 55% for FY22.

The token hit lows of US$17,708 as recently as 19 June, putting it below the cyclical highs of 2017 that many analysts thought would provide support.

What were the crypto tailwinds and headwinds in FY22?

The financial year gone by locked in the reality that crypto assets are very much subject to the same forces impacting other risk assets.

When investors expected interest rates to stay low well into 2024, as central bank leaders had signalled, there was plenty of interest in cryptos and high growth stocks. When the mantra from central banks changed as the developed world faced unexpectedly fast rising inflation, investors began to reduce their exposure to risk assets like cryptos amid aggressive interest rate hikes.

The Bitcoin price was far from the only one to fall hard over the last six months. In fact, only 14 of the top 100 cryptos by market cap finished the period in the green. And most of those also fell sharply in H2.

The tech heavy NASDAQ offers a good illustration. The index hit its own all-time highs in November. By 30 June it had crashed 31%.

As for the 2023 financial year?

At the time of writing the Bitcoin price stands at US$22,103. That’s up 8% over the past 24 hours and up 16% so far in FY23.

The post What went so right and so wrong for the Bitcoin price in the 2022 financial year? appeared first on The Motley Fool Australia.

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More reading

• Why did the Bitcoin price crash 41% in June?
• Why Bitcoin stocks crashed (again) last month
• How did the price of crypto assets perform in June?
• Here’s what will impact the Bitcoin price in July: expert
• What did the SEC just say about Bitcoin?

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Bitcoin. The Motley Fool Australia has positions in and has recommended Bitcoin. 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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July 2022 is an interesting month to think about the Rio Tinto Limited (ASX: RIO) share price.

It comes after a period of declines for the ASX mining share. At the time of writing, Rio Tinto shares have fallen 17% over the past month to $98.71. Considering the company currently has a market capitalisation of $36 billion according to the ASX, it has lost a lot of value in dollar terms in a short period of time.

For readers that didn’t know, Rio Tinto is one of the biggest iron ore miners in the world. To put it in perspective, for the three months to 31 March, Rio Tinto produced 71.7 million tonnes (mt) of iron ore. That’s a lot of iron ore. But that number actually represented a 15% year-on-year decline from the first quarter of FY21.

There is more to Rio Tinto’s business than just iron, but iron generates the biggest share of earnings. Other commodities in the company’s portfolio include bauxite, aluminium, and copper.

What is hurting the Rio Tinto share price?

As a resource business, there are two main elements to revenue generation for Rio Tinto – the quantity of resources produced and the price of that commodity.

Since the beginning of June, the iron ore price has fallen by around US$20 per tonne, representing a fall of around 15%. The copper price also recently reached a 19-month low.

Without a crystal ball, it’s hard to know which way commodity prices will go next.

Many resource prices saw strength earlier in 2022, but things have dropped off amid concerns of a global recession, sparked by inflation and rising interest rates.

It is certainly possible that resources like iron ore could see prices rise again, but prices could also drop as well.

What do brokers think?

UBS recently downgraded its price target for Rio Tinto to $98, which is where it thinks the Rio Tinto share price will be in 12 months. It doesn’t think the company will earn as much profit over the next few years due to lower commodity prices.

However, the broker Credit Suisse is still optimistic with a price target of $118. That suggests a possible upside of around 20%. However, this price target was recently reduced because of the higher energy expense that the aluminium segment will need to pay.

Credit Suisse does like the aluminium exposure though. It also thinks the company has better avenues to grow over the longer term compared to BHP Group Ltd (ASX: BHP).

Credit Suisse thinks Rio Tinto will pay a grossed-up dividend yield of 20% in FY22 and 18% in FY23.

The post Own Rio Tinto shares? Here’s the outlook for July appeared first on The Motley Fool Australia.

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More reading

• What’s the outlook for ASX 200 dividend shares in FY23?
• Here are the top 10 ASX shares today
• 5 worst ASX energy shares of FY22
• Is now the time to be buying beaten down ASX 200 mining shares?
• These ASX 200 mining shares are bouncing back on Thursday

Motley Fool contributor Tristan Harrison 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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It’s always fascinating to look at the ASX’s trading data and see which ASX 200 shares have the highest trading volume each day.

Elevated trading volumes can be influenced by all sorts of factors. Share price rises, share price falls, ASX announcements… the list goes on. But so far this Friday, it’s all about Lake Resources N.L. (ASX: LKE) shares.

According to investing.com, Lake Resources is currently the most traded share out of the entire S&P/ASX 200 Index (ASX: XJO). No mean feat for a company that only joined the ASX 200 index last month.

As it currently stands, a sizeable 13.9 million Lake Resources shares have been traded on the ASX boards so far this Friday.

That’s a lot more than the next-most traded ASX 200 share. That would be uranium share Paladin Energy Ltd (ASX: PDN), which has only had 12.36 million shares traded so far today.

So what has caused more than 13 million Lake Resources shares to find a new home so far today?

Why are Lake Resources shares topping the volume charts?

Well, there are no ASX announcements or news out of Lake Resources today. As such, it looks as though this high volume is the result of some good old-fashioned share price movements. Fortunately for investors, it’s going the right way.

Today has seen Lake Resources shares rocket. The ASX 200 lithium stock has gained an impressive 8.21% so far to 75.8 cents a share after the company closed at 70 cents yesterday.

It’s not exactly clear what is causing this share price action. But we can note that most ASX lithium shares are seeing similar moves today. Pilbara Minerals Ltd (ASX: PLS) shares are up by 7.95% so far today to $2.38, while Core Lithium Ltd (ASX: CXO) is up 4.74% to $1 a share. Liontown Resources Limited (ASX: LTR) takes the cake with its rise of 8.63% to $1.03 a share.

So it appears that this healthy share price rise across the ASX lithium space is resulting in Lake Resources claiming the most traded ASX 200 share crown so far today. Now, let’s see if it can hold the title for the rest of the trading day.

The post Lake Resources shares are the most traded today. What’s going on? appeared first on The Motley Fool Australia.

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More reading

• Down 40% in 2022: Is the Xero share price a buy today?
• Why did the Northern Star share price lose its shine in FY22?
• 5 things to watch on the ASX 200 on Friday
• What’s the outlook for ASX 200 dividend shares in FY23?
• Could rising rates hurt ASX 200 bank shares in the longer run?

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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The Tempest Minerals Ltd (ASX: TEM) share price was sliding deep into the red around midday on Friday.

At the time of writing, the share is trading 38.6% lower at 5.4 cents apiece. It closed the session yesterday at 8.8 cents each.

Sellers are pushing the Tempest share price down following a company announcement made before the open today.

In broad market moves, the S&P/ASX 300 Metals and Mining Index (ASX: XMM) is lifting more than 2% into the green today.

What did Tempest Minerals announce?

The Australian mineral exploration company announced it had completed a downhole electromagnetic (DHEM) survey at the Orion Target in its Meleya Project in Western Australia.

It also advised that it had received initial assay results from drill hole WARDH72 at the Orion Target. The company has previously announced mineralisation at this hole.

DHEM is used to identify and mark out geological formations underground, in the exploration of various sulphide and ore bodies.

Tempest said the DHEM survey was conducted to complement assay results and “further understand the mineral occurrence”.

Additional geophysics and drilling are planned during this quarter to follow up on this target and commence exploring other targets in the newly confirmed mineralised belt.

Tempest advised:

Preliminary results from WARDH72 have confirmed the widespread presence of copper and other metals which support the continuation of further aggressive exploration at the project.

The company noted further assay results were due in August 2022 which would “coincide with further data interpretation and additional drill planning at Orion”.

In the last 12 months, the Tempest Minerals share price has soared more than 139% into the green.

The post Why is the Tempest Minerals share price cratering 38% today? appeared first on The Motley Fool Australia.

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More reading

• Lake Resources shares are the most traded today. What’s going on?
• Eastern Resources share price jumps 19% on ‘outstanding’ lithium results
• Down 40% in 2022: Is the Xero share price a buy today?
• Vulcan Energy share price leaps 8% on Italian energy producer agreement
• Why is the Chalice Mining share price racing higher today?

Motley Fool contributor Zach Bristow 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 Eastern Resources Ltd (ASX: EFE) share price is taking off today following the company’s latest drilling results.

At the time of writing, the lithium developer’s shares are 19.23% higher to 3.1 cents apiece.

What did Eastern Resources announce?

Investors are bidding up the Eastern Resources share price after the company announced “outstanding initial assay results” at the Trigg Hill Lithium-Tantalum Project in Western Australia.

In its release, Eastern Resources advised that rock-chip assays confirm extensive lithium-caesium-tantalum (LCT) pegmatites from its recent field works.

The results included up to 2.28% Li2O (lithium), 1.23% Rb2O (rubidium), 1,552ppm (parts per million) Cs2O (caesium), 514ppm Ta2O5 (tantalum pentoxide) and 2,921ppm SnO2 (tin).

The assay came from the first 124 rock chip samples which confirmed visual observations of previously reported lithium mineralisation.

Since March 2022, the company has been conducting fieldwork at the Trigg Hill Project. This comprises traverse mapping, rock chip sampling of outcropping pegmatites, and soil sampling.

Further up the E 45/5728 permit, the results of 231 soil samples from the Curlew East area are pending analysis.

Should the assays return positive results, soil sampling may be extended to other areas.

Eastern Resources noted that drill site and access planning is well advanced. The aim is to test both mineralised pegmatites for a better understanding of “zonation and lithium mineralisation”.

Eastern Resources share price snapshot

Over the past 12 months, the Eastern Resources share price has rocketed by more than 70%.

The company’s shares reached a multi-year high of 9.7 cents in November, before settling back.

Based on today’s price, Eastern Resources commands a market capitalisation of roughly $25.86 million.

The post Eastern Resources share price jumps 19% on ‘outstanding’ lithium results appeared first on The Motley Fool Australia.

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More reading

• Down 40% in 2022: Is the Xero share price a buy today?
• Vulcan Energy share price leaps 8% on Italian energy producer agreement
• Why is the Chalice Mining share price racing higher today?
• The Mineral Resources share price is leaping higher again today. Here’s why
• Here’s why the Melbana Energy share price is ripping 19% ahead today

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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The Chalice Mining Ltd (ASX: CHN) share price is surging in morning trade on Friday.

At one point during the day, Chalice had surged more than 7% into the green, before settling down to its current levels of less than 1% higher at $4.02.

Investors might be bidding up the Chalice Mining share price in response to a company announcement regarding its Julimar nickel-copper-platinum group element (PGE) project in WA.

What did Chalice Mining announce?

The company reported an updated mineral resource estimate for the Gonneville Deposit that is located on the Julimar PGE project.

Chalice says that since it reported its first maiden resource estimated in November 2021, it has focused on shallow infill drilling at Gonneville.

It’s done this “to improve the confidence level of the resource from the Inferred category to Indicated”.

“The proportion of Indicated category resources has increased from approximately 45% to approximately 70% of the total,” it said.

“The drilling and remodelling has resulted in a ~5% increase in the Resource mass and contained nickel
equivalent metal relative to the maiden estimate.”

Chalice reckons the increase boils down to a number of factors, including an increase in the resource shell pit size and the updating of pit optimisation parameters.

Drilling is also pushing ahead at a deposit located outside of the resource. Assays are currently pending for 90 drill holes there.

Management commentary

Speaking on the announcement, Chalice CEO, Alex Dorsch said work to date at Gonneville had shown its “world-class endowment, scale and quality”.

Apart from further increasing the contained metal, this Resource update has resulted in a significant
increase in the higher-confidence Indicated Resource – which now represents approximately 70% of the total.

Importantly, 90% of the resource above a depth of 250m is now classified as Indicated, which
represents a major de-risking step for the Project.

Chalice CEO, Alex Dorsch

In the last 12 months, the Chalice Mining share price has slipped more than 44% into the red.

The post Why is the Chalice Mining share price racing higher today? appeared first on The Motley Fool Australia.

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More reading

• Top broker says the Chalice Mining share price can rise almost 200%
• 5 things to watch on the ASX 200 on Friday
• Here are the top 10 ASX shares today
• Why Chalice Mining, Damstra, Link, and Pinnacle shares are storming higher
• ASX 200 midday update: Chalice Mining jumps, Zip sinks on bearish broker note

Motley Fool contributor Zach Bristow 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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It’s proving to be a happy end to the trading week for the S&P/ASX 200 Index (ASX: XJO) so far this Friday. At the time of writing, the ASX 200 has gained a healthy 0.77% to just under 6,700 points. But the day is going even better for the Xero Limited (ASX: XRO) share price.

The online accounting software provider is currently up 2.54% to $87.85 a share. That’s a gain three times that of the broader market.

But zooming out and the picture doesn’t look quite so rosy for Xero.

This ASX 200 tech share remains down 40% so far in 2022, contrasting nastily against the ASX 200, which is down by around 12% this year.

Saying that, we have seen a significant rebound for Xero in recent weeks. It was only mid-last month that Xero hit a new 52-week low of $72.53 a share (on 17 June). Since then, Xero shares have rebounded by more than 20%.

So have we seen a bottom for Xero shares?

Is the Xero share price an ASX 200 buy today?

Well, not one, but two ASX brokers think it might be. As my Fool colleague Tristan covered this week, ASX broker Morgans is our first Xero enthusiast.

This broker recently put an “add” rating on Xero shares, replete with a 12-month share price target of $90.25. That’s not too far from where Xero shares stand today.

Morgans reckons Xero has plenty of growth left in the tank and likes where the company’s subscriber numbers and average revenue per user metrics are heading.

But Morgans isn’t the only one bullish on Xero right now. Fellow broker Ord Minnet is also buy-rated on Xero shares today.

This broker has an even higher share price target of $97, which would represent a potential upside of more than 10% on current pricing.

Like Morgans, Ord Minnet is optimistic over Xero’s revenue per user metrics and reckons Xero’s recently announced price hikes will bode well for the company going forward.

So that’s how two ASX brokers view the Xero share price today. A bullish outlook to be sure, but only time will prove who ends up being correct.

In the meantime, the current Xero share price gives this ASX 200 tech share a market capitalisation of $13.04 billion.

The post Down 40% in 2022: Is the Xero share price a buy today? appeared first on The Motley Fool Australia.

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• Why did the Northern Star share price lose its shine in FY22?
• 5 things to watch on the ASX 200 on Friday
• What’s the outlook for ASX 200 dividend shares in FY23?
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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 positions in and has recommended Xero. The Motley Fool Australia has positions in and has recommended Xero. 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 Vulcan Energy Resources Ltd (ASX: VUL) share price is taking off on news the company has entered an agreement with an Italian renewable energy giant.

Vulcan Energy and Enel Green Power (EGP) have agreed to work together to explore the development of the Cesano licence.

At the time of writing, the Vulcan Energy share price is $5.89, 7.88% higher than its previous close.

Let’s take a closer look at today’s news from the ASX lithium share.

Vulcan Energy share price takes off on Friday

The Vulcan Energy share price is launching higher after the company announced EGP is onboard to explore the development of the Cesano licence. The companies may also cooperate on other Italian geothermal lithium projects.

Under the agreement, EGP will take a 50% hold in the Cesano licence, located near Rome.

The project houses a geothermal well with high average lithium-in-brine grades. It’s considered to have the potential for sustainable lithium battery chemicals development.

EGP’s parent company has already engaged in exploration in the area, drilling numerous wells and gathering data from local reservoirs.

The companies will take a step-by-step approach to assess the project’s potential, starting with a scoping study.

Vulcan managing director Dr Francis Wedin commented on today’s news, saying:

As the largest producer of geothermal renewable energy in Italy, [EGP] is a leader in its field and has strong, positive relationships in the region. We look forward to working with [EGP] to make a lasting and sustainable contribution to the local community.

What else did the company announce?

On top of its fresh deal, Vulcan Energy released good news about its flagship Zero Carbon Lithium Project.

A preliminary application to drill six wells for geothermal energy and lithium has had a win, with authorities determining its environmental impact can’t be assessed as significant. That means a full environmental impact assessment isn’t needed.

Additionally, the Upper Rhine Council has shown support for geothermal energy production.

The company also noted that the initial commissioning of the Sorption Demo Plant is behind schedule. It’s set to commence late in the fourth quarter. Commissioning of ‘LiLy’, Vulcan Energy’s lithium hydroxide production demo plant is on track to start commissioning later this quarter.

And finally, the company is working on phase one and two definitive and pre-feasibility studies for its renewable energy and lithium production. It’s aiming to increase production in both phases relative to previous pre-feasibility study assumptions due to higher customer demand. Though, it noted the studies’ completion may be delayed by local approval processes.

Meanwhile, its gathering data for a planned resource update in the second half of 2022.

The post Vulcan Energy share price leaps 8% on Italian energy producer agreement appeared first on The Motley Fool Australia.

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More reading

• Why did the Vulcan Energy share price crater 28% in June?
• Down 8%, why is the Vulcan Energy share price burning away today?
• How is the Vulcan share price performing against its sector this month?
• 3 ASX All Ordinaries shares going gangbusters on Friday
• Why Betmakers, Block, Lake Resources, and Vulcan shares are racing higher

Motley Fool contributor Brooke Cooper has positions in Vulcan Energy Resources 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.

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