Category: Stock Market

The S&P/ASX 200 Index (ASX: XJO) was well and truly out of form last week. The benchmark index had its worst week in two years, dropping 4.2% to 6,932 points.

Fortunately, not all shares dropped with the market. Here’s why these were the best performing ASX 200 shares:

Atlas Arteria Group (ASX: ALX)

The Atlas Arteria share price was the best performer on the ASX 200 last week with a 13% gain. This was driven by news that IFM Global Infrastructure Fund has acquired a 15% stake in the toll road operator with a view of making a takeover proposal. Though, on Friday, the company revealed that it has denied a request from IFM for access to non-public information to help it form a takeover proposal.

Woodside Energy Group Ltd (ASX: WDS)

The Woodside share price was the next best performer with a gain of 9.5% over the five days. Investors were bidding energy shares higher last week after oil prices climbed to 13-week highs. This was driven by tight supplies and strong US gasoline demand.

Tabcorp Holdings Limited (ASX: TAH)

The Tabcorp share price wasn’t far behind with a gain of 7.5% last week. Investors were buying this gambling company’s shares after it settled its Racing Queensland litigation for $150 million. However, that’s only part of the story. This settlement is conditional upon the commencement of legislation that will implement proposed reforms by the Queensland Government relating to the wagering taxation and racing industry funding model. These reforms will be a very big boost to Tabcorp’s business.

GrainCorp Ltd (ASX: GNC)

The GrainCorp share price was on form and charged 6% higher last week. This follows the release of an above average east coast winter crop forecast by ABARES. This went down well with analysts at Macquarie. In response, the broker retained its outperform rating and $11.10 price target on GrainCorp’s shares.

The post These were the best performing ASX 200 shares last week appeared first on The Motley Fool Australia.

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More reading

• ASX 200 has its worst week in two years
• 3 ASX 200 real estate shares that hit new 52-week lows on Friday
• Why did the Lynas share price dive 8% today?
• Could these ASX 200 shares be most vulnerable to rising energy costs? Macquarie weighs in
• Here are the 3 most traded ASX 200 shares on Friday

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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Looking for dividend shares to buy next week? Then have a look at the ones listed below that have been given buy ratings and tipped to pay big dividends.

Here’s what you need to know about these ASX 200 dividend shares:

BHP Group Ltd (ASX: BHP)

The first ASX 200 dividend share for income investors to look at is mining giant BHP.

Thanks to strong commodity prices, BHP’s world class portfolio of operations across the world are collectively generating significant free cash flow. Pleasingly, the majority of this free cash flow is likely to be returned to shareholders in the form of dividends or buybacks.

Citi is a fan of BHP and has a buy rating and $50.00 price target on its shares.

Its analysts expect BHP to pay fully franked dividends per share of ~$4.76 in FY 2022 and then ~$4.42 in FY 2023. Based on the current BHP share price of $46.22, this implies yields of 10.3% and 9.6%, respectively.

Telstra Corporation Ltd (ASX: TLS)

Another ASX 200 dividend share that could be a buy for income investors is Telstra.

Especially given its much-improved outlook, which has the company targeting mid-single digit underlying EBITDA and high-teens underlying earnings per share compound annual growth rates (CAGR) from FY 2021 to FY 2025.

Morgans is positive on the company and currently has an add rating and $4.56 price target on its shares. The broker believes “sector dynamics look positive and value realisation is possible.”

Its analysts continue to expect the telco to pay fully franked dividends per share of 16 cents for FY 2022 and FY 2023. Based on the current Telstra share price of $3.80, this implies yields of 4.2%.

The post Brokers name 2 ASX 200 dividend shares to buy with big fully franked yields appeared first on The Motley Fool Australia.

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More reading

• Is the BHP share price really trading on an 11% dividend yield right now?
• Are Telstra shares still ASX dividend heavyweights?
• Here are the 3 most traded ASX 200 shares on Thursday
• Broker tips 2 ASX 200 dividend shares with major upside AND juicy yields
• How is the BHP share price performing so far in June?

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 positions in and has recommended Telstra 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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The S&P/ASX 200 Index (ASX: XJO) has just finished the day 1.25% lower at 6,932 points.

This means the benchmark index has lost 4.2% of its value this week, which is the worst weekly performance in over two years.

In fact, the last time the ASX 200 recorded a greater weekly decline was at the height of the pandemic in April 2020.

What caused the ASX 200 to tumble?

Investors were hitting the sell button in a panic this week following the Reserve Bank of Australia’s cash rate meeting.

That meeting, and its larger than expected rate hike, has led to the market now forecasting a cash rate of 3% by the end of the year. This was unthinkable at the start of the year when rates were practically at zero.

Investors appear concerned that this could slow economic growth and even risk a recession. There are also worries that borrowers could struggle with repayments if rates rise in line with the market’s expectations.

Unsurprisingly, because of the latter, the banks were among the worst performers on the ASX 200 index this week.

For example, the Westpac Banking Corp (ASX: WBC) share price sank 13.1% and the Commonwealth Bank of Australia (ASX: CBA) share price lost 11% of its value over the five days.

But they weren’t the worst performer on the index. That unwanted title goes to the Zip Co Limited (ASX: ZIP) share price with its 20.3% weekly decline.

Weakness in the tech sector and news that Apple has launched its buy now pay later (BNPL) offering, Apple Pay Later, led to rampant selling. The Zip share price is now down over 85% in 2022, making it also the worst performer on the ASX 200 year to date.

Here’s hoping for a rebound next week!

The post ASX 200 has its worst week in two years appeared first on The Motley Fool Australia.

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More reading

• 3 ASX 200 real estate shares that hit new 52-week lows on Friday
• Why did the Lynas share price dive 8% today?
• Could these ASX 200 shares be most vulnerable to rising energy costs? Macquarie weighs in
• Zip share price hits multi-year low as Assistant Treasurer flags BNPL regulation
• Here are the 3 most traded ASX 200 shares on Friday

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 ZIPCOLTD FPO. 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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If you’re looking for an easy way to invest your hard-earned money, then exchange traded funds (ETFs) could be worth considering.

But which ETTs should you buy? Here are two ETFs that are rated highly by analysts right now:

ETFS Battery Tech & Lithium ETF (ASX: ACDC)

The first ETF for investors to look at is the ETFS Battery Tech & Lithium ETF.

This ETF provides investors with exposure to a range of companies involved in battery technology and lithium mining. These are a group of companies which look well-placed to prosper from the decarbonisation trend.

Among the shares included in the ETF are AMG Advanced Metallurgical Group, Lockheed Martin, Mineral Resources Limited (ASX: MIN), and Pilbara Minerals Ltd (ASX: PLS).

Jessica Amir from Saxo Markets believes this ETF could be a top option for investors. She recently suggested that it could be good way for investors to gain exposure to the decarbonisation megatrend.

VanEck Vectors MSCI World ex Australia Quality ETF (ASX: QUAL)

Another ETF that could be a top option for investors is the VanEck Vectors MSCI World ex Australia Quality ETF.

This ETF gives investors access to a group of high quality shares from across the world but excluding Australia. This could make it a good option for investors that already have a portfolio of quality Australian shares.

The companies included in the fund typically have low leverage, high earnings growth rates, and high returns on equity. Among its holdings are the likes of Apple, Microsoft, Nike, and Nvidia.

Shaw and Partners’ Felicity Thomas is positive on this ETF. She recently told Livewire: “[F]or me, it’s actually a buy. With rising interest rates and the war that’s going on in Europe, I actually think it’s important to invest in quality companies with high revenue growth and a solid balance sheet, which QUAL provides.”

The post Are these 2 high quality ETFs in the buy zone this month? appeared first on The Motley Fool Australia.

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More reading

• Down 14% in 2022, is the EFTS Battery Tech & Lithium EFT (ACDC) a buy?
• 2 ETFs I’d buy in June 2022
• These 2 ASX ETFs are focused on ‘green’ technology
• 2 fantastic ETFs for ASX investors to buy next week
• 2 high quality ETFs for ASX investors to buy

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 Pexa Group Ltd (ASX: PXA) share price fell 3.62% on Friday to close the trading week at $13.30.

It came after reports surfaced that the Australian Competition and Consumer Commission (ACCC) is investigating the online property exchange network operator.

According to The Australian, the ACCC is probing the company for potential breaches of Section 46 of the Competition and Consumer Act, which “prohibits a firm with a substantial degree of market power from engaging in conduct that has the purpose, effect or likely effect of substantially lessening competition in a market”.

In wider market moves on Friday, the S&P/ASX 200 Real Estate Index (ASX: XRE) slipped 2.85% into the red.

Returns over the last three months for both instruments are plotted on the chart below, showing striking similarities in directional movement.

ACCC to investigate Pexa

The Pexa share price has been descending over the last two to three months, having stumbled from a previous closing high of $18.49 on 5 April.

This week, however, shares have slumped another 11%.

This comes amid reports the ACCC has started proceedings following accusations from competitor Sympli.

Allegations from Sympli say that Pexa delayed “interoperability”, according to The Australian. Interoperability is a system where platforms communicate with each other to enable property transactions to be completed across different operators, the report says.

“Sympli has also accused Pexa of withholding access to information that it needs to move forward to build its own electronic lodgement network,” the report said.

“Sympli CEO Philip Joyce also accused the market leader of being disingenuous in its dealings with other stakeholders.”

This isn’t the first time the ACCC has stuck the needle in to investigate Pexa. Back in September 2018, the ACCC drafted a report on the state of the industry, probing if Pexa’s large market share constituted a risk.

It remains to be seen what course of action the ACCC will take in its investigation and/or any recommendations from its final report.

In the last 12 months, the Pexa share price has crumbled by 22%. It has also fallen 33% this year to date.

The post Pexa Group share price slides 4% amid ACCC probe appeared first on The Motley Fool Australia.

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More reading

• Fund manager names 3 ASX shares with monopoly moats

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 positions in and has recommended PEXA Group 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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This Friday has been a pretty depressing one for most ASX 200 shares. With the S&P/ASX 200 Index (ASX: XJO) recording a 1.25% loss for the day, it was always going to be a tough one.

But some ASX 200 shares fared far worse than the index today. So let’s talk about three such companies that hit a new 52-week low during today’s trading session.

All three are in the real estate business, so that should tell you something about what the market is trying to get out of right now.

3 ASX 200 shares that hit new 52-week lows today

Our first unlucky share to check out today is Dexus Property Group (ASX: DXS). Dexus owns a number of real estate assets, of which most are commercial property.

This ASX real estate investment trust (REIT) slipped 3.84% to $9.51 a unit by the end of the day’s trading. That happens to be Dexus’ new 52-week low. This REIT is now down by more than 15.5% over 2022 thus far.

But Dexus wasn’t the only REIT exploring new territory today. Diversified property developer Mirvac Group (ASX: MGR), another ASX REIT, also had a shocker.

Mirvac owns both industrial and commercial office real estate. This company’s units ended up finishing at $2.06 each at the end of today’s trading, down 1.44%. But the REIT hit a new low of $2.04 earlier today. That puts Mirvac down by a painful 31% or so over 2022 thus far.

Another ASX REIT in the doldrums today is GPT Group (ASX: GPT), a shopping centre and diversified property company. GPT units also had a day to forget. It finished up at $4.32 a unit, down a hefty 4.42%. But GPT hit a new 52-week low of $4.32 earlier in today’s session.

Why the battering?

It’s very possible that this distaste for ASX REITs that investors are displaying today is a result of the interest rate rise we saw earlier this week.

There are few ASX shares that are affected more by rising interest rates than REITs. That is because, as leveraged land owners, REITs face higher borrowing costs directly, just as mortgage holders do.

No doubt ASX REIT investors will be hoping for a kinder week next week.

The post 3 ASX 200 real estate shares that hit new 52-week lows on Friday appeared first on The Motley Fool Australia.

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More reading

• Why did the Lynas share price dive 8% today?
• Could these ASX 200 shares be most vulnerable to rising energy costs? Macquarie weighs in
• Here are the 3 most traded ASX 200 shares on Friday
• 3 ASX 200 shares defying Friday’s falls to leap higher
• The market expects the RBA to take the cash rate to 3% by the end of 2022

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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It’s been a particularly depressing day today for the S&P/ASX 200 Index (ASX: XJO) and ASX shares. The ASX 200 recorded a loss of 1.25% to close under 7,000 points. But one ASX 200 share fared far worse today. That would be the Lynas Rare Earths Ltd (ASX: LYC) share price.

Lynas shares ended the day down by a painful 5.72% at $8.57 a share. It was even worse for investors earlier in the trading day too. At one point, Lynas shares hit $8.31 each, which was a loss of more than 8.5% at the time.

So what on earth has gotten investors so pessimistic over this rare earths producer all of a sudden? Well, it’s not entirely clear. We do know that it has nothing to do with anything out of Lynas directly.

Saying that, we saw something of a trend on the markets today which could provide some insight into Lynas’ predicament.

It seems that any ASX share that investors associate with battery technology took a whack today, not just Lynas. For example, lithium shares like Pilbara Minerals Ltd (ASX: PLS) fell steeply. Pilbara was down more than 6% at one point today before closing down 1.75% at $2.25.

Battery company IGO Ltd (ASX: IGO) was also down more than 5% at one stage and ended the day 2.39% lower at $11.42.

This could be a consequence of the warning that broker Goldman Sachs put out earlier this month. Around the start of June, Goldman warned that its analysts believe lithium prices are peaking and “will fall heavily over the coming years”.

Lynas isn’t directly involved in lithium production. But its rare earths minerals have similar future-facing applications.

So this might explain the weakness in the Lynas share price, and in other battery materials shares, that we saw this Friday.

The post Why did the Lynas share price dive 8% today? appeared first on The Motley Fool Australia.

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More reading

• Could these ASX 200 shares be most vulnerable to rising energy costs? Macquarie weighs in
• Here are the 3 most traded ASX 200 shares on Friday
• 3 ASX 200 shares defying Friday’s falls to leap higher
• The market expects the RBA to take the cash rate to 3% by the end of 2022
• ASX 200 midday update: Big four banks rebound, Atlas Arteria’s takeover update

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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If you’re looking to take advantage of recent market weakness to pick up shares on the cheap, then you may want to consider the two listed below.

Both have recently been rated as buys with major upside potential. Here’s what you need to know:

Breville Group Ltd (ASX: BRG)

Breville could be a growth share to buy. It is a leading appliance manufacturer which has been growing at a solid rate for years. This has been driven by the popularity of its products, its continued investment in research and development, and expansion into new geographic markets. Pleasingly, this strong form has continued in FY 2022. This morning the company advised that it expects its EBIT to grow 14.4% year on year to ~$156 million.

This went down well with analysts at Macquarie. In response to the news, the broker has retained its outperform rating with a $23.80 price target. Based on the current Breville share price, this implies potential upside of over 31% for investors.

IDP Education Ltd (ASX: IEL)

IDP Education is another ASX growth share that could have plenty of upside for investors. It is a provider of international student placement services and English language testing services. After a tough time during the pandemic, IDP has bounced back strongly in FY 2022. For example, during the first half, it reported a 47% increase in revenue to a record of $397 million and a 70% lift in net profit after tax to $52.9 million.

Goldman Sachs was pleased with this and expects its growth to continue in the coming years. In fact, it is forecasting a 68% three-year earnings per share compound annual growth rate between FY 2021 and FY 2024. Outside FY 2024, Goldman expects the “compelling long-term structural growth in international student volumes and IELTS testing demand” to support its growth.

The broker currently has a buy rating and $35.50 price target on its shares. Based on the current IDP Education share price, this implies potential upside of 53% for investors.

The post Analysts say these top ASX growth shares could jump over 30% appeared first on The Motley Fool Australia.

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More reading

• 3 ASX 200 shares defying Friday’s falls to leap higher
• Why Breville, Bubs, Terracom, and Xero shares are pushing higher today
• Here’s why the Breville share price is smashing the ASX 200 on Friday
• Belt tightening? 5 ASX 200 consumer shares slipping to new 52-week lows today
• The Breville share price has at least 50% upside: top brokers

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 Idp Education Pty Ltd. 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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Unless you have been living under a rock, you are likely aware of the precarious position in which the Australian energy market is perched. What may not be as obvious is how might the situation impact shares inside the S&P/ASX 200 Index (ASX: XJO).

As I dug into last week, the energy sector is caught in the mother of all storms. A global mismatch of supply and demand has led to an almighty squeeze on electricity and gas prices. Notably, a cold snap at the beginning of the month pushed Victorian gas prices up more than 50 times their typical range.

Unfortunately, the everyday Aussie’s bank account will feel the effects of rising prices in the next billing cycle. But, what about the investors in those ASX 200 shares — where could the pain be felt the most?

What’s going on in energy?

Australia’s recently appointed minister for climate change and energy, Chris Bowen, has said there is “no silver bullet” for unusually high energy prices. The minister hinted at a need to beef up the country’s supply — entailing more transmission, renewables, and storage.

However, addressing the shortfall in energy supply will be no small task. In reality, energy infrastructure can take years to design and construct. This means consumers and businesses could be subjected to elevated prices for a prolonged period.

As a result, the team at Macquarie Equities has run the numbers on which companies are most exposed to this headwind. What is most unsettling is the breadth of which the analysts believe the damage could cover. For instance, all of the following sectors were listed as at-risk areas:

• Data centres
• Materials, metals, and mining
• Food products and supermarkets
• Oil refiners
• Telecommunications
• Casinos; and
• Retail real estate investment trusts (REITs)

Could these ASX 200 shares be getting zapped?

In the note published by Macquarie Equities, these specific ASX 200 shares are described as having a “high electricity price exposure”:

ASX-listed company	Share price	Performance YTD
Woolworths Group Ltd (ASX: WOW)	$34.56	-10.2%
Coles Group Ltd (ASX: COL)	$17.53	-2.1%
Costa Group Holdings Ltd (ASX: CGC)	$3.09	-0.6%
Inghams Group Ltd (ASX: ING)	$2.89	-20.1
NextDC Ltd (ASX: NXT)	$10.64	-17.1%
TPG Telecom Ltd (ASX: TPG)	$5.83	-1.2%
Evolution Mining Ltd (ASX: EVN)	$3.46	-15.1%
Newcrest Mining Ltd (ASX: NCM)	$23.20	-5.3%
Rio Tinto Limited (ASX: RIO)	$115.06	15.4%
Boral Ltd (ASX: BLD)	$2.99	-51.8%
Adbri Ltd (ASX: ABC)	$2.62	-9.3%
CSR Ltd (ASX: CSR)	$4.37	-28.1%
BlueScope Steel Ltd (ASX: BSL)	$17.38	-19.1%
Viva Energy Group Ltd (ASX: VEA)	$2.98	27.4%
Orora Ltd (ASX: ORA)	$3.78	6.5%
Star Entertainment Group Ltd (ASX: SGR)	$2.80	-26.3%
Crown Resorts Ltd (ASX: CWN)	$13.06	0.5%
Charter Hall Retail REIT (ASX: CQR)	$4.01	-8.5%

Highlighting the risk to these ASX 200 shares, Macquarie equity strategist Matthew Brooks stated:

We are yet to see the downgrades that tend to occur in a weak economy, and it is typically cyclical sectors that see larger cuts. The surge in electricity costs adds to the earnings risk already present in a range of cyclicals.

Drilling down into the particulars, Brooks noted that Boral and Coles may not be as susceptible to the impacts as others. The first company commands a level of pricing power, while the supermarket giant is somewhat protected by hedging.

Furthermore, NextDC’s earnings per share (EPS) is heavily exposed to electricity prices due to its power-hungry data centres. However, the strategist expects this ASX 200 share will pass on the amplified costs to customers.

The post Could these ASX 200 shares be most vulnerable to rising energy costs? Macquarie weighs in appeared first on The Motley Fool Australia.

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More reading

• Here are the 3 most traded ASX 200 shares on Friday
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Motley Fool contributor Mitchell Lawler has positions in CSR 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 positions in and has recommended COLESGROUP DEF SET. The Motley Fool Australia has recommended COSTA GRP FPO and TPG Telecom 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 Vulcan Energy Resources Ltd (ASX: VUL) share price is losing its charge today.

At the time of writing, the clean lithium developer’s shares are down 5.90% to $6.38.

It’s worth noting that its share price touched a 52-week low of $6.22 before moving in circles.

Let’s take a look at what’s impacting the company’s share price of late.

Lights out for Vulcan Energy shares?

Despite no news from the company today, the Vulcan Energy share price is being pounded by bearish sentiment from investors.

Goldman Sachs released its sector analysis on lithium in late May which caused panic across the battery metals market.

The broker believes that cobalt, lithium and nickel have peaked for now and will retrace heavily in price next year.

According to its report, Goldman Sachs is forecasting a drop in lithium prices to around US$16,000 per tonne in 2023. This represents a significant decline from the current going rate of roughly US$71,000 per tonne.

When the news became public, Vulcan Energy shares tanked 8% on the day along with other popular lithium shares.

Furthermore, the general market volatility on the ASX is also weighing down Vulcan Energy shares.

Following heavy losses on Wall Street over the past few days, the S&P/ASX 300 Metals and Mining (Industry) has plummeted.

To put that in context, the index shed 2.43% yesterday and is again down 1.41% today.

More pain could be around the corner for Vulcan Energy shareholders, who have already been on a rollercoaster ride, if lithium prices do retrace.

Vulcan Energy is aiming to become the world’s first lithium producer with net zero greenhouse gas emissions. Its Zero Carbon Lithium Project is seeking to create a lithium-hydroxide chemical product for the European electric vehicle battery market.

The Zero Carbon Lithium Project is located in Germany and is targeting production sometime in 2024.

Vulcan Energy share price snapshot

After storming to incredible highs in 2021, the Vulcan Energy share price has moved in the opposite direction.

Year-to-date, the company’s shares are down almost 40%. These beatings have mostly come since the start of April.

Just last week, its shares fell 14% after recording 4 days of consecutive losses.

Based on today’s price, Vulcan Energy commands a market capitalisation of approximately $892.55 million.

The post Why is the Vulcan Energy share price tumbling 6% today? appeared first on The Motley Fool Australia.

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More reading

• 3 ASX mining shares billionaire John Hancock is buying for rising inflation and the energy transition
• Here’s why the Vulcan share price is charging 6% higher
• Up 6%, why has the Vulcan share price surged higher today?
• Do Vulcan Energy shares pay dividends?
• Who wants to be a millionaire? If only you’d invested $10,000 in these ASX shares 10 years ago

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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