The Liontown Resources Limited (ASX: LTR) share price is surging higher today amid the market’s excitement for its spin-off’s Initial Public Offering (IPO).

The spin-off will be named Minerals 260 and will trade under the ticker MI6 from 10am Tuesday morning.

Minerals 260 holds the Moora Project and the Koojan Joint Venture Project, both located in Western Australia. It also owns the Dingo Rocks tenement and has tenement applications at Yalwest.

At the time of writing, the Liontown share price is $1.47, 3.51% higher than its previous close.

Let’s take a closer look at Minerals 260’s upcoming ASX debut.

Liontown share price up ahead of Minerals 260’s IPO

The Liontown share price is gaining amid anticipation of its spin-off’s float.

The company announced news of Minerals 260’s heavily oversubscribed $30 million IPO last week.

Under Minerals 260’s prospectus, shares in the company were offered for 50 cents apiece.

Liontown also offered 160 million Minerals 260 shares as part of a pro-rata offer to its own shareholders. As a result, each Liontown shareholder received 1 Minerals 260 share for every 11.94 Liontown shares they held as of 28 September.

On Mineral 260’s fast approaching float, Liontown’s managing director Tony Ottaviano commented:

It’s tremendous to see the successful conclusion of the Minerals 260 demerger and the launch of an exciting new, well-funded exploration company on the ASX… I look forward to monitoring the progress that Minerals 260 makes, while Liontown continues to advance towards its objective of becoming a world-class battery materials producer.

Minerals 260’s projects include the Moora Project which houses gold, platinum group elements, nickel, and copper. The company also has an option to earn a 51% stake in the Koojan Joint Venture Project.

The newly formed company will be led by Liontown’s former technical director David Richards.

All eyes will be on the Minerals 260 share price, and that of Liontown, when the ASX opens tomorrow morning.

The post Liontown (ASX:LTR) share price lifts ahead of Minerals 260’s IPO appeared first on The Motley Fool Australia.

More reading

• How did ASX lithium shares perform in the FY22 first quarter?
• Top brokers name 3 ASX shares to buy next week
• These were the best performing ASX lithium shares in September
• Which ASX shares are the top movers in the ASX 300 today?
• Why is the Liontown (ASX:LTR) share price sinking 6% 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 Bruce Jackson.

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The S&P/ASX 300 Index (ASX: XKO) is starting the week off in negative territory, following a mixed performance for October.

During late afternoon trade, the ASX 300 is down 0.51% to 7,285.4 points. Currently, the index is around 4.5% off its all-time high of 7,625 points reached on 13 August.

Let’s take a look at which ASX companies are the biggest movers today.

Yancoal Australia Ltd (ASX: YAL)

The Yancoal share price is soaring 8.01% to $3.91, despite no market-sensitive news out of the company today.

The spot price of coal has taken a breather but hasn’t affected the energy producer’s shares from rising.

China and India made news last week after running low on coal supplies which led to power blackouts across Asia. And if that wasn’t enough, Lebanon is facing a power crisis of its own, with the country plunged in darkness. 

It appears investors are anticipating coal prices to potentially surge in the near-term future.

Z Energy Ltd (ASX: ZEL)

The Z Energy share price is storming higher with a 5.90% gain to $3.41.

The energy company has received a takeover offer from fuel retailer, Ampol Ltd (ASX: ALD) for NZ$2.8 billion.

In the binding scheme implementation agreement, Z Energy shareholders will get NZ$3.78 cash per share. However, this could increase if the deal isn’t completed by 31 March 2022.

Only time will tell how long the transaction takes to be finalised.

Coronado Global Resources Inc (ASX: CRN)

Another strong mover for the start of the week is the Coronado share price, up 5.59% to a 52-week high of $1.605.

The coal miner hasn’t reported any price-sensitive news since its half-year results in mid-August. Although, investors appear buoyant on the company’s prospects, sending its shares higher.

And which ASX 300 companies are heading the other way?

The Star Entertainment Group Ltd (ASX: SGR)

The biggest loser today is the Star Entertainment share price, down a mammoth 20.68% to $3.395.

The company responded to concerning allegations regarding serious misconduct at its casinos. This includes suspected money laundering, organised crime, fraud, and foreign interference.

No doubt, this has worried investors, dumping its shares heavily as a result.

SkyCity Entertainment Group Ltd (ASX: SKC)

Also being weighed down by investors is the SkyCity share price, down 4.91% to $3.005.

The gaming and entertainment business also is suffering from Star Entertainment’s alleged wrongdoing.

Furthermore, SkyCity chair and director, Mr Rob Campbell has decided to retire from the company to focus on other commitments. It is expected his departure will come into effect sometime in early 2022.

SkyCity is currently undertaking a process to replace Mr Campbell.

The post Which ASX 300 shares are making headlines on Monday? appeared first on The Motley Fool Australia.

More reading

• Ampol (ASX:ALD) share price zooms higher on NZ$2.8bn Z Energy acquisition
• Why is the Star Entertainment (ASX:SGR) share price plunging 19%?
• ASX 200 (ASX:XJO) midday update: Star shares crash, tech shares tumble
• Z Energy (ASX:ZEL) share price leaps 6% on Ampol takeover news
• Ampol (ASX:AMP) share price on watch after Z Energy takeover agreement

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 Bruce Jackson.

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Few ASX-listed companies are as highly contentious as Flight Centre Travel Group Ltd (ASX: FLT) and its share price. The Australian travel agency is consistently ranking in the top 10 most shorted shares on the ASX, despite shares rallying 39% in value this year.

Today, the company’s shares are flying into the new week slightly lower than last. At the time of writing, the Flight Centre share price is swapping hands for $22.29, down 2.88%.

Meanwhile, the great debate rages over whether the embattled travel share is worth its value. There are two schools of thought from analysts — yes and no. So, let’s break down each of those.

Looking lofty

It might be hard to fathom but Flight Centre is back to its pre-pandemic valuation. This is due to the number of outstanding shares nearly doubling since the beginning of the COVID-19 onslaught. In short, this means the market capitalisation is back above $4.4 billion despite the share price being approximately half of what it was in September 2019.

While the market valuation has recovered, the company’s earnings certainly haven’t. This has attracted the interest of short-sellers with the belief the Flight Centre share price is overinflated on reopening hopes.

According to the AFR, participants who are bearish on the travel agent expect the resumption of travel will actually depress the company’s working capital. This is due to the large backlog of travel credits accumulated by customers from cancelled travel plans.

In addition, one analyst is wary of the changing travel landscape. Australia’s iconic airline Qantas Airways Limited (ASX: QAN) has made the move to reduce commissions paid to travel agents. Although Flight Centre insists this is not a concern, bears think otherwise.

Last week’s 10 most shorted ASX shares placed Flight Centre in pole position. According to the data from ASIC, the company posted a short interest of 11%.

Bullish thesis for Flight Centre share price

On the other hand, there are investors who maintain the belief that shares in the travel agent could hold more upside.

Director at Carter Bar Securities Peter Drew paints a portrait of optimism for the Flight Centre share price. Looking at the company’s 2024 projections, Drew anticipates $12 billion of total transaction value (TTV) from the corporate unit alone.

Furthermore, Drew believes this could result in approximately $220 million of profit for 2024. He argues that if this is given the same price-to-earnings (P/E) ratio multiple as Corporate Travel Management Ltd (ASX: CTD), the company would be then be valued at $4.4 billion. Importantly, this disregards any contribution from the leisure unit of the business — offering potential further upside to the Flight Centre share price.

The post Is the Flight Centre (ASX: FLT) share price overvalued? appeared first on The Motley Fool Australia.

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• Why did the Flight Centre (ASX:FLT) share price have such a great month in September?
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• Why A2 Milk, CBA, Flight Centre, & Magellan’s shares are sinking
• Which ASX shares are leading the way in the ASX 300 today?
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Motley Fool contributor Mitchell Lawler 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 owns shares of and has recommended Corporate Travel Management Limited. The Motley Fool Australia has recommended Flight Centre Travel Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The A2 Milk Company Ltd (ASX: A2M) share price is out of form again on Monday.

In afternoon trade, the embattled infant formula company’s shares are down 2% to $5.91.

This means A2 Milk’s shares are now down over 49% since the start of the year.

Has the A2 Milk share price found a bottom yet?

Unfortunately for shareholders, one leading broker doesn’t appear to believe the A2 Milk share price has found its bottom just yet.

A note out of Credit Suisse from last week reveals that its analysts have retained their underperform rating and $5.50 price target on the company’s shares.

Based on the current A2 Milk share price, this implies potential downside of 7% over the next 12 months.

What did the broker say?

According to the note, the broker highlights that infant formula prices stabilised in China in September.

It also notes that marketing activity is increasing and chat groups have been formed with daigou shoppers ahead of the major Singles Day retail sales event next month.

However, this isn’t enough for the broker to change its rating. It has previously voiced its concerns over China’s slowing birth rate and A2 Milk’s loss of market share in stage 1 infant formula. Credit Suisse fears that the latter could act as a drag on its Stage 2 and Stage 3 product sales as this cohort ages.

Is anyone positive?

One broker that remains positive on the A2 Milk share price is Citi. It recently put a buy rating and $7.20 price target on the company’s shares.

However, it has warned that there could be more bad news coming at its investor event later this month. This could include lower than expected margins.

The only potential benefit here is that that broker suspects that any weakness in A2 Milk’s shares could be greeted with a takeover offer.

Time will tell which broker makes the right call.

The post Why this broker thinks the A2 Milk (ASX:A2M) share price has further to fall appeared first on The Motley Fool Australia.

More reading

• Top brokers name 3 ASX shares to sell next week
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• Why A2 Milk, CBA, Flight Centre, & Magellan’s shares are sinking
• Which ASX shares are leading the way in the ASX 300 today?

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended A2 Milk. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Metal Hawk Ltd (ASX: MHK) share price is off to the races, up 9% in afternoon trade, after earlier posting intraday gains of more than 15%.

That’s a noteworthy performance on any day, but especially so on one that’s seeing the All Ordinaries Index (ASX: XAO) sinking 0.4%.

Below, we take a look at the ASX resource explorer’s drilling update that looks to be driving investor interest.

What drilling update was reported?

Metal Hawk’s share price is rocketing after the company reported that it had started diamond drilling at its Berehaven Nickel Project in the West Australian goldfields, located in Western Australia.

Commenting on the progress, Metal Hawk’s managing director Will Belbin said:

Diamond drilling has started exactly one month after the discovery RC [reverse circulation] hole which intersected high grade massive nickel sulphides at Commodore.

Following last weeks’ successful capital raising, we now look forward to progressing this exciting discovery with an aggressive drilling program.

On 28 September, the explorer announced it had confirmed massive nickel sulphides grading 5.9% nickel at the Commodore prospect, within Berehaven. That announcement saw the Metal Hawk share price gain 6% at close, with much larger intraday gains posted.

When news of that prospect was first released to the market on 14 September, Metal Hawk’s shares closed the day up an eye-popping 265%.

On the day, Belbin foreshadowed, “We look forward to ramping up our nickel sulphide exploration at Berehaven and plans for diamond drilling are well underway.”

In today’s release, Metal Hawk said atop the diamond drilling, it plans to restart RC drilling at the Berehaven Nickel Project sometime this week.

Metal Hawk share price snapshot

Currently trading at 63 cents apiece, the Metal Hawk share price has been a standout performer in 2021, up 137% so far this year. By comparison the All Ords is up 9% year-to-date.

Over the past month, Metal Hawk has come under some pressure, with shares down 10%.

The post Why the Metal Hawk (ASX:MHK) share price is rocketing 9% today appeared first on The Motley Fool Australia.

More reading

• Metal Hawk (ASX:MHK) share price rockets 15% on capital raising update
• Metal Hawk (ASX:MHK) share price rockets 27% on high grade discovery
• Metal Hawk (ASX:MHK) share price jumps following investor update
• Metal Hawk (ASX:MHK) share price closes 265% higher on action-packed day
• Metal Hawk (ASX:MHK) share price explodes 256% on huge nickel discovery

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 Bruce Jackson.

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The Fortescue Metals Group Limited (ASX: FMG) share price has scored a turnaround on Monday, bouncing 3.65% higher to $14.77.

Iron ore holding above US$120 a tonne

It was a quiet week for iron ore markets last week following China’s week-long National Day holiday which ran between 1 and 7 October.

Iron ore prices rallied last Friday, 8 October with improved trading liquidity and recovering demand according to Fastmarkets.

Spot prices were up US$6.36 or 5.4% to US$123.38 a tonne.

Chinese iron ore futures which trade on the Dalian Commodity Exchanges also opened higher on Monday.

The most active futures contracts for January 2022 are up 2.87% to 768 yuan (US$119) a tonne.

What’s the outlook for China?

China’s focus on emissions and energy consumption has headlined the recent decline of iron ore prices. In addition, weak Chinese economic data and concerns surrounding its real estate market continue to weigh on iron ore markets.

BHP Group Ltd (ASX: BHP) CEO Mike Henry spoke at the Financial Times Mining Summit last week, providing an upbeat view about China’s growth and demand outlook.

“The big-picture outlook for commodities remains really healthy both in China and globally, where we are starting to see a bit of a pick-up in inflation, as well, which has been spoken about.”

“Resources companies like BHP are right at the front end of that, and we are benefiting from that through prices for pretty much all of our commodities at this point,” he said.

Looking over at China’s housing market, Henry said “On the one hand, we are seeing pressure on housing starts, which will then impact on near-term steel demand.  On the other hand, activity on work underway remains very strong, and we are starting to see the pull-through to housing completions, which of course is going to bode well for copper demand.  So it is not all a bad news story.”

“Our long-term outlook for China, with continuing strong growth there, has not really changed.  We acknowledge that there are some near-term disruptions occurring that have impacted things like iron ore pricing, but that will work its way through the system in due course,” said Henry.

Fortescue share price snapshot

The Fortescue share price is down an ugly 40% year-to-date and down 12% in the past 12-months.

Encouragingly, it seems to have found a floor around the $14 level, coinciding with the recent rebound in iron ore prices.

The post Why the Fortescue (ASX:FMG) share price is up 4% today appeared first on The Motley Fool Australia.

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• Do these ASX dividend shares really have 20%+ yields?
• 2 ASX shares that could be worth researching this weekend

Motley Fool contributor Kerry Sun 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 Bruce Jackson.

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The Prospect Resources Ltd (ASX: PSC) share price is sliding into the red today and is now changing hands at 35.5 cents.

That’s a 10.13% drop from the open for the Australian lithium company despite it releasing two key updates today.

Let’s cover each update in a bit more detail.

What did Prospect Resources Announce?

The Prospect Resources share price is on the move today after the company advised its 87% owned Arcadia lithium project in Zimbabwe is now “confirmed as (a) world class deposit”.

It draws this conclusion from a staged optimised feasibility study (OFS) that confirmed the “strong technical and economic viability of Arcadia under a staged development pathway”.

These results indicate the potential of the Arcadia site to become a compelling long life and large scale open pit lithium mine, according to the company.

It also confirms the project is “among the best in the world for scale and cost of production when compared to existing operations”.

The update notes that one key contributor is the quality of lithium concentrate products at the site. They are described as high in grade and very low in impurities.

For reference, the price of lithium has come off an all-time high of 177,000 Chinese Yuan (A$37,440.54) per tonne since September, although is still up 254% since January 1.

The company says a so-called staged development pathway now indicates a lower required rate of return on the project to achieve profitability.

As such, the project’s economics are expected to be “further improved in (a) direct-to-2.4 Mtpa Optimised Feasibility Study (Direct OFS)” due for completion in Q4 2021.

The company says there is strong interest from several groups focused on the direct OFS’s outcomes.

Prospect is “now completing the work on the direct OFS pathway case before funding decisions are made” on its next steps.

The company also held an investor briefing and released an investor presentation regarding the staged OFS results alongside the headline announcement.

Investors have sold on the news, pushing the Prospect Resources share price lower today. It hit 33.5 cents just before midday.

What did management say?

Speaking on the announcement, Prospect Resources Managing Director Sam Hosack said:

The OFS details our clear differentiation with a range of potential product markets and customers versus traditional spodumene projects. Even at the smaller initial scale, the Lycopodium results demonstrate a highly competitive forecast [regarding] operating costs and margins, reflecting prices for technical petalite at a significant premium to traditional chemical grade spodumene concentrate pricing.

Prospect Resources share price snapshot

The Prospect Resources share price has soared this year to date and climbed 111% since January 1.

Despite sliding 17% this past week, it has also gained 89% in the last 12 months.

The post Why is the Prospect Resources (ASX:PSC) share price plunging 10% today? appeared first on The Motley Fool Australia.

More reading

• Why is the Prospect Resources (ASX:PSC) share price up 11% this month?

The author Zach Bristow has no positions 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 Bruce Jackson.

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The Commonwealth Bank of Australia (ASX: CBA) share price is climbing slightly today despite news of legal proceedings launched against the company.

At the time of writing, the CBA share price is up 0.07% trading at $104.53 apiece. This means that in the past week alone, CBA shares have elevated almost 5%.

What did CBA announce to the ASX?

In its release, the bank advised that the Fair Work Ombudsman (FWO) had started civil proceedings against CBA and its stockbroking firm, CommSec.

The FWO alleges that Australia’s largest bank breached the Fair Work Act by not paying 7,425 of its employees their correct entitlements. Staff mainly in customer services roles were affected by the underpayment.

The total discrepancy came to around $16.44 million for the period between October 2015 and December 2020.

The matter was taken to the Federal Court following the FWO investigation.

CBA defence

CBA noted that a comprehensive remediation program has been underway since early 2018 to identify issues dating back to 2010. The bank self-reported the employee entitlement payments to the FWO and publicly disclosed them in 2019.

The bank advised that the underpayments had led to it strengthening its systems and processes to ensure the issue was not repeated.

All missing entitlement payments have since been remedied, and CBA believes no further compensation payments are required.

Furthermore, the company highlighted that it was constructively working with the FWO to resolve the proceedings.

The maximum penalty for each company for the contraventions is up to $666,000 per breach.

A date is yet to be determined for when the matter will be heard in the Federal Court.

CBA share price snapshot

The CBA share price continues its upwards trajectory to post a 50% gain in a year. When looking at 2021, its shares have moved almost 30% higher for the period.

CBA commands a market capitalisation of roughly $178.59 billion, making it the biggest company on the ASX.

The post CBA (ASX:CBA) share price edges higher amid legal proceedings appeared first on The Motley Fool Australia.

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• How did ASX bank shares perform in the last quarter?
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• Could the CBA (ASX:CBA) share price hit $120 by the end of 2021?
• What happened for the CBA (ASX:CBA) share price in the FY22 first quarter?

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 Bruce Jackson.

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The BHP Group Ltd (ASX: BHP) share price is edging higher on Monday afternoon.

At the time of writing, the mining giant’s shares are up 0.5% to $37.90.

While this is positive on a red day for the ASX 200, the BHP share price is still down a disappointing 30% from its August high of $54.55.

Is the BHP share price good value?

While the recent weakness in the BHP share price is disappointing for shareholders, it could be a buying opportunity for non-shareholders.

That’s the view of the team at Macquarie Group Ltd (ASX: MQG), which last week retained their outperform rating and $56.00 price target on the miner’s shares.

Based on the current BHP share price, this implies potential upside of 48% over the next 12 months.

And that’s before dividends. Macquarie is forecasting a fully franked dividend of $3.97 per share in FY 2022. This works out to be a sizeable 10.5% dividend yield, which increases the total potential return to over 58%.

Why is Macquarie so bullish?

Macquarie is bullish on BHP largely due to the diversity of its operations.

Although the iron ore price has fallen heavily in recent months, this is being cushioned by strong rises in other commodity prices such as coal.

“Buoyant coking coal prices have enabled BHP to maintain earnings upgrade momentum despite the recent volatility in iron-ore prices,” it commented.

In fact, the broker believes that overall commodity prices are strong enough for BHP to generate enough free cash flow to support a ~20 free cash flow yield. Which, as mentioned above, is expected to underpin very generous dividends in the near term.

In light of this, the broker appears to believe that the recent weakness in the BHP share price could be a buying opportunity for investors looking for exposure to the resources sector.

The post Top broker tips BHP (ASX:BHP) share price to rise 48% appeared first on The Motley Fool Australia.

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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 Bruce Jackson.

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The AGL Energy Limited (ASX: AGL) share price is slipping today despite reports Federal Energy Minister Angus Taylor believes a net-zero carbon target won’t mean net zero emissions.

According to reporting by the Australian Financial Review (AFR), Taylor told the publication’s Energy and Climate Summit that offset schemes will be crucial in Australia’s decarbonisation strategy.

It’s seemingly good news for AGL, Australia’s largest carbon emitter. The company has been battling calls to move away from coal-fired power and towards more climate-friendly energy production. Meanwhile, it’s watching its bottom line dip lower.

At the time of writing, the AGL share price is $6.145, 1.68% lower than its previous close.

Let’s take a closer look at how today’s AFR Energy and Climate Summit is going for AGL.

Energy and Climate Submit spells good news for AGL

The AGL Energy share price is slipping despite a few bright spots for the company at today’s AFR Energy and Climate Summit.

The most obvious win came from Energy Minister Angus Taylor.

Taylor reportedly told the conference Australia won’t be enforcing zero emissions or carbon taxes. Rather, it will encourage emission reduction measures, carbon capture and storage programs, and blue hydrogen. Blue hydrogen is hydrogen derived from methane in natural gas. He was quoted by the AFR as saying:

Our government will always stand up for our traditional industries, and their crucial ongoing role in underpinning our economy and reducing emissions,

and …

we are on the side of not adding costs for customers.

In a similar vein, the publication reports AGL’s customer service chief Christine Corbett told the summit the energy provider is struggling to go green without increasing customers’ bills.

Corbett said only around a third of energy customers care about renewable power while 80% are concerned about prices.

Earlier, AGL’s CEO Graham Hunt spoke on AGL’s move away from coal-fired power at the conference, saying:

[W]e do need to leverage off the sunk infrastructure, the skilled workforces, and we’ve got to do that in advance of planned closures.

Such commitment to coal comes despite 55% of its shareholders recently voting for AGL to implement Paris Agreement-aligned emissions targets.

AGL share price snapshot

Today’s dip is just the latest for the AGL share price.

The company’s stock is now trading for 49.5% less than it was at the start of 2021. It has also lost 54.7% of its value since this time last year.

The post Why is the AGL (ASX: AGL) share price sliding lower on Monday? appeared first on The Motley Fool Australia.

More reading

• Why did the AGL (ASX: AGL) share price have such a shocking FY22 first quarter?
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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 Bruce Jackson.

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