Category: Stock Market

The FYI Resources Ltd (ASX: FYI) share price has jumped 1.8% higher on Wednesday morning, up 12.8% in the past week. Here’s why shares in the Aussie alumina group are soaring right now.

Why the FYI Resources share price has surged 13% in a week

Let’s start with what FYI Resources actually does. The company describes its focus as “developing an innovative and vertically integrated high quality, high-purity alumina for use in various high growth tech applications”.

Essentially, FYI is focused on the exploration and evaluation of potash projects in South East Asia. That exposure to alumina, however, is proving to be a winner in 2021.

The May 2021 agreement with Alcoa Australia to enter an exclusivity agreement to facilitate negotiations of a high purity alumina project joint venture has certainly helped.

FYI subsequently completed its due diligence and extended the agreement by a month. The promising developments have been enough for shareholders to jump on board. Subsequent buying has bid up the FYI Resources share price this year to its current level.

The FYI Resources share price is flying, having surged 198% higher this calendar year. Shares in the ASX resources share were just shy of a 13-year high this morning before settling 0.61% lower to 81.5 cents at the time of writing.

What about commodity prices?

The key here has been recent gains in global alumina prices. According to the London Metals Exchange, LME Alumina (CRU/Fastmarkets MB) is changing hands for US$378.41 per tonne right now.

That represents a more than 25% gain since the August 31 price of US$302.24 per tonne. The FYI Resources share price has been charging higher this year and the underlying commodity price has had a big hand in that.

It’s been a similar story for Alumina Limited (ASX: AWC). Alumina shares have gained 47.9% in the past year in line with the strong commodity demand.

Foolish takeaway

The FYI share price has even had some double-digit, single-day increases in 2021. For instance, on 9 August, shares in the ASX resources group jumped 22% higher despite no news.

Shares in the alumina company are trending up today and are now up 12.8% in the past week.

The post Why the FYI Resources (ASX:FYI) share price has surged 13% in a week appeared first on The Motley Fool Australia.

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Motley Fool contributor Ken Hall 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 Smartgroup Corporation Ltd (ASX: SIQ) share price has jumped out of the starting blocks from the opening of trade this morning and now trades at $9.15.

Shares in the employee management services provider are edging higher after it revealed a consortium of investors put forward a proposal to acquire the company.

Here’s what we know.

Smartgroup receives offer of acquisition from investor group

Smartrgoup advised a consortium of investor groups had put forward an “indicative, non-binding and conditional proposal to acquire 100% of the shares in Smartgroup”.

The consortium is made up of US-based investment firm TPG Global, LLC, and Australian private equity investor Potential Capital.

Pension fund Aware Super is also in on the deal, providing trustee services, according to the company’s announcement.

Together, the consortium’s proposal is an all-cash consideration of $10.35 per Smartgroup share.

This represents a 32% premium to the Smartgroup opening share price on Wednesday but just an 11.5% premium to what it’s trading at now.

That price is also a 38.6% premium to “the 90-day volume-weighted average price of Smartgroup shares up until Tuesday 28 September”.

What’s interesting is that, under the scheme, “any franking credits attached to a dividend or capital return would be received by Smartgroup shareholders in addition to the proposed scheme consideration”.

Even still, the proposal is subject to a number of considerations including due diligence and final approval from Smatgroup’s board.

As such, Smartgroup has granted the consortium 4 weeks of due diligence by “opening the data room over the next week” to see if the parties can strike a deal.

Smartgroup’s board unanimously recommended that shareholders vote in favour of the proposal and has appointed an independent expert to see if the deal is a good fit for shareholders.

If successful, the deal would see Smartgroup de-list from the ASX as a private entity. Investors want a piece of the action and are driving the Smartgroup share price higher on the day. It jumped 20% at market open this morning before settling around 17% higher.

Smartgroup share price snapshot

After lagging the S&P/ASX 200 Index (ASX: XJO)’s return since 2019, the Smartgroup share price has climbed 38% this year to date and a further 59% over the past 12 months.

Both of these returns have outpaced the broad Index’s return of around 25% in this time.

The post Smartgroup (ASX:SIQ) share price soars 17% on TPG Global takeover bid appeared first on The Motley Fool Australia.

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• Top ASX shares to buy in September 2021

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 owns shares of and has recommended SMARTGROUP DEF SET. 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 Vital Metals Limited (ASX: VML) share price is out of form again on Wednesday.

In morning trade, the rare earths explorer’s shares are down 5% to 5.4 cents.

This means Vital Metals shares have now lost over 20% of their value since this time last month.

Why is the Vital Metals share price sinking?

There appear to have been a couple of catalyst for the decline in the Vital Metals share price.

One is weakness in the resources sector over the period in question. For example, Vital Metals isn’t the only share falling materially.

The Lynas Rare Earths Ltd (ASX: LYC) share price has fallen 13% over the last couple of weeks.

In addition to this, profit taking could be weighing on the Vital Metals share price. After all, its shares are still up approximately 80% in 2021 even after recent declines.

Why are its shares up 80% this year?

Investors have been bidding the Vital Metals share price higher this year amid excitement around its Nechalacho project in Canada.

Earlier this year, the company received formal acceptance from its offtake partner, REEtec AS, for its rare earth carbonate sample.

At the time, Vital Metals’ Managing Director, Geoff Atkins, commented: “Customer acceptance from REEtec is a key milestone for the development of the Nechalacho rare earth project and the construction of our Extraction Plant in Saskatoon.”

“This achievement demonstrates that we have our processes at Nechalacho working correctly and we can proceed in line with our plans. With the satisfaction of this milestone, the procurement of equipment for our Rare Earth Extraction Plant in Saskatoon will proceed.”

If all goes to plan, the company will be supplying REEtec with 1,000 tonnes of rare earth oxides (REO) per year over five years. After which, there is an option to increase the offtake volume by as much as 5,000 tonnes REO annually over 10 years.

However, with a market capitalisation of ~$250 million, judging by its recent share price performance, some investors may believe this is now priced into its shares.

The post The Vital Metals (ASX:VML) share price is down 20% in a month. What’s happening? appeared first on The Motley Fool Australia.

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• Afterpay (ASX:APT) and Zip (ASX:Z1P) share price falls as Mastercard opens up the BNPL sector
• Confirmed: APRA is planning action on home loans, ASX 200 banks drop
• Why is the Prospect Resources (ASX:PSC) share price up 11% this month?
• Li-S Energy (ASX:LIS) share price up another 3% in second day of trading

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 Afterpay Ltd (ASX: APT) share price and the Zip Co Ltd (ASX: Z1P) share prices are trending downwards today.

The negative price movement follows a recent Sydney Morning Herald article. The article confirms Mastercard Inc (NYSE: MA) will begin rolling out technology for any bank or financial institution to offer their own buy now, pay later (BNPL) service.

At the time of writing, shares in Afterpay are trading for $123.11 – down 3.24%. Zip shares are 1.41% lower at $7. The S&P/ASX 200 Index (ASX: XJO) is down 1.45%.

Let’s take a closer look.

The BNPL sector gets a little more crowded

The news might be rattling the Zip share price. Mastercard says “strong demand for BNPL services” has led it to develop the technology to enable any business to provide the BNPL model of payment.

According to the SMH, Mastercard will launch the program next year in Australia and already has 2 Aussie business partners. Those partners are Qantas Airways Limited (ASX: QAN) and Latitude Group Holdings Ltd (ASX: LFS).

Mastercard already offers its services to BNPL providers Afterpay and Commonwealth Bank of Australia (ASX: CBA). It is now expanding its scope to sell the infrastructure and services necessary to allow any business that wishes to offer payment for goods and services in 4 increments.

“We will expect to see, and frankly have already seen, interest from banks of all sizes, lenders, merchants looking for alternatives and new ways to offer lending products to consumers,” Mastercard Australasian president Richard Wormald told the outlet.

Latitude Financial CEO Ahmed Fahour also told the paper:

Through our long-standing partnership, Latitude is looking forward to working with Mastercard to bring new BNPL payment solutions to life in Australia, benefiting merchants and providing customers with a superior shopping experience.

This isn’t the first time increasing competition in the BNPL sector has affected the Zip share price. In September 2020, PayPal Holdings Inc (NASDAQ: PYPL) announced it was launching its own BNPL service. Zip shares would fall a whopping 12.8% by the end of the day.

Afterpay and Zip share price snapshot

Over the past 12 months, the Zip share price has increased 8.12% while the Afterpay share price has increased 50.46%. Of course, Afterpay shares got a real shot in the arm when Square Inc (NYSE: SQ) announced it would acquire the company. That was in a deal worth $39 billion at the time.

The post Afterpay (ASX:APT) and Zip (ASX:Z1P) share price falls as Mastercard opens up the BNPL sector appeared first on The Motley Fool Australia.

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Motley Fool contributor Marc Sidarous owns shares of Qantas Airways Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended AFTERPAY T FPO, Mastercard, PayPal Holdings, Square, and ZIPCOLTD FPO. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended the following options: long January 2022 $75 calls on PayPal Holdings. The Motley Fool Australia owns shares of and has recommended AFTERPAY T FPO. The Motley Fool Australia has recommended Mastercard and PayPal Holdings. 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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It has been confirmed that APRA is going to take action on home loans. This has happened on the same day that S&P/ASX 200 Index (ASX: XJO) banks are falling.

What is APRA?

For context on what has happened, the Australian Prudential Regulation Authority (APRA) is a regulator that supervises institutions across banking, insurance and other financial segments of Australia.

It is part of the Council of Financial Regulators, a co-ordinating body of Australia’s main financial regulatory agencies. There are four members, APRA, the Australian Securities and Investments Commission (ASIC), the Australian Treasury and the Reserve Bank of Australia (RBA).

The Council’s objectives are to promote stability of the Australian financial system and support effective and efficient regulation by Australia’s financial regulatory agencies.

This morning, the Council gave its quarterly statement for September 2021 after a meeting.

It discussed a number of items including the pandemic, the recovery and “housing market risks”. The Australian Treasurer, Josh Frydenberg, attended for parts of the meeting.

What will APRA do?

During the meeting, the Council talked about housing credit conditions and associated risks. It noted that housing credit grew in the first half of the year, from both owner-occupiers and investors. Lockdowns have reduced transactions and new listings, but prices continue to rise “briskly”.

The Council said it was mindful that a period of credit growth materially outpacing growth in household income would add to the medium-term risks facing the economy. However, it noted that lending standards remain sound.

Possible policy responses were discussed. APRA will continue to consult on implementing any particular measure. Over the next couple of months, APRA plans to publish an information paper on its framework for implementing any policies.

This could be important for many ASX 200 banks because they write billions of dollars of home loans each year and have large loan books exposed to the residential home loan market.

Yesterday, it was reported by the Australian Financial Review that regulators were looking at the increasing debt to income ratios, with the Treasurer’s blessing. In the three months to 30 June 2021, more than a fifth of new mortgage loans were to borrowers that were taking on debt of at least 6x their income.

How is this impacting ASX 200 bank share prices?

Looking at the current states of play, the share prices of Commonwealth Bank of Australia (ASX: CBA), Westpac Banking Corp (ASX: WBC), Australia and New Zealand Banking Group Ltd (ASX: ANZ) and National Australia Bank Ltd (ASX: NAB) are down.

The smaller banks are also in the red. The Bank of Queensland Limited (ASX: BOQ) share price is down 1%, the Suncorp Group Ltd (ASX: SUN) share price is down 0.4% and the Bendigo and Adelaide Bank Ltd (ASX: BEN) share price is down 1%.

However, the ASX 200 banks are recovering from an early morning drop where the ASX 200 as a whole fell more than 1%, which could be the main reason for the decline in the banking sector.

Some of the big banks themselves have called for action to happen about loans before the housing market and loans go too far.

The CBA CEO Matt Comyn made some comments to the House of Representatives Standing Committee on Economics, saying that he is concerned by the housing market:

As the RBA has observed, activity in the housing market remains very strong, even after extended lockdowns in the two largest markets. We continue to monitor these developments closely, and have made adjustments to our lending settings. We are also thinking carefully about the impact of these dynamics on particular cohorts of home loan borrowers, including first home buyers.

The ASX 200 bank recently increased its serviceability buffer rate on assessing what rate borrowers would be able to meet repayments.

According reporting by REA Group Limited (ASX: REA), Mr Comyn also said to the committee:

It is much harder to act when the market is accelerating versus taking interventions to try to avoid too much of an acceleration. I want to be clear I’m not concerned about the point that we are at today but based on the acceleration I think it would be prudent to act sooner rather than later.

The post Confirmed: APRA is planning action on home loans, ASX 200 banks drop appeared first on The Motley Fool Australia.

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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 owns shares of and has recommended Bendigo and Adelaide Bank Limited. The Motley Fool Australia has recommended REA 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 Prospect Resources Ltd (ASX: PSC) share price is performing well in September.

While the company has released good news this month, its share price is seemingly moving independently.

At the time of writing, the Prospect Resources share price is 40 cents, 11.11% higher than it was at the end of August.

Let’s take a look at the latest news from the lithium and gold producer.

The month so far for Prospect Resources

The Prospect Resources share price is having a great month on the ASX.

It comes after the company released an update on the sale of its Penhalonga Gold Project.

The project’s buyer, Luzich Resources, has executed an options agreement for the purchase and has agreed to pay the remaining US$750,000 balance on the US$1 million purchase price.

Luzich paid a deposit on the project when it signed a binding term sheet in October 2020.

According to Prospect Resources’ website, the Penhalonga Gold Project is the only gold project currently held by the company.

After its sale, it will focus all its efforts on its Arcadia Lithium Project.

The Prospect Resources share price didn’t react to the update on the sale. However, it has since gained 11%.

The sale might not be the only catalyst for the Prospect Resources share price’s recent boost.

The price of lithium has been gaining steadily in September and it might be dragging Prospect Resources’ stock along with it.

According to S&P Global Platts, the price of lithium carbonate has been gaining this month as concerns surrounding global supply have increased demand.

Prospect Resources share price snapshot

September’s gains have added to Prospect Resources’ strong performance on the ASX.

Right now, the company’s share price is 135% higher than it was at the start of 2021. It has also gained 150% since this time last year.

The company has a market capitalisation of around $157 million.

The post Why is the Prospect Resources (ASX:PSC) share price up 11% this month? appeared first on The Motley Fool Australia.

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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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Yesterday, we saw what turned out to be one of the hottest ASX IPOs of 2021 play out. That would be the Li-S Energy Ltd (ASX: LIS) share price.

LIS shares had an ASX debut to remember yesterday after the lithium-sulphur battery company rocketed an incredible 174% by the end of the day, rising from its IPO price of 85 cents a share to finish the trading day at $2.33.

That’s not all though. At one point soon after market open yesterday, Li-S Energy shares hit a high of $3.05 a share. That represents a gain of almost 260%. Not bad for day one, one could say.

Today, Li-S Energy has had a far less dramatic start to the trading day. The Li-S share price is currently trading at $2.41 a share this morning after opening at $2.36. That’s up another 3.4% from where the company closed at yesterday.

So far, at least in its short history on the ASX, the Li-S Energy share price has turned out to be quite the market defier.

Whilst Li-S Energy was enjoying its 200%-plus gains yesterday, the broader S&P/ASX 200 Index (ASX: XJO) was having a clanger of the day. The ASX 200 ended up down a nasty 1.6% by the end of the trading day.

This trend looks to be continuing today. While Li-S Energy has opened pretty strongly today, the ASX 200 is continuing its sell-off so far this morning, down 1.01% at the time of writing to 7,202 points. These ASX 200 moves come after some equally depressing falls on the US markets, both last night and the night prior (our time).

What’s behind the Li-S Energy share price?

Behind the dramatic moves we saw yesterday with Li-S Energy’s enthusiastic IPO, we have an emerging energy company working on a new battery technology.

As we covered yesterday, Li-S Energy’s flagship battery uses a lithium-sulphur compound for energy storage, which the company believes offers superior energy density, longevity and safety over the widely-used lithium-ion technology of today.

At the current Li-S Energy share price, the company has a market capitalisation of $1.49 billion.

The post Li-S Energy (ASX:LIS) share price up another 3% in second day of trading appeared first on The Motley Fool Australia.

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• Why is the Prospect Resources (ASX:PSC) share price up 11% this month?
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• Argosy (ASX:AGY) share price edges lower on Tonopah Lithium Project update
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Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Webjet Limited (ASX: WEB) share price has been caught up in the market selloff on Wednesday.

In morning trade, the online travel agent’s shares are down 2.5% to $6.27.

Despite this, the Webjet share price is still up 22% since the start of the year.

Is the Webjet share price in the buy zone?

According to a note out of Goldman Sachs, its analysts remain positive on the company.

This morning’s note reveals that the broker has retained its buy rating and $6.40 price target on its shares.

However, it is worth noting that based on the current Webjet share price, this implies only modest upside of 2.1% for its shares over the next 12 months.

What did Goldman say?

Goldman held a virtual investor meeting with Webjet’s management this week. It came away from that meeting feeling positive on the company’s recovery from the pandemic.

One key takeaway from the meeting was the different speeds in which certain markets are recovering from COVID-19.

Goldman said: “Sentiment and recovery in the rest of the world is significantly different from the ANZ region. Europe and Americas are in the most advanced stages of recovery, while the Middle East and Africa is only beginning to recover, and Asia remains a laggard.”

Its analysts also highlighted some positive commentary around the key WebBeds business.

The broker said: “The team has made 3-4 new hires in the [Americas] region and has been focused on developing the business capabilities organically in the region. 90% of the market is domestic and Webbeds is working on this opportunity. Previously Trans Atlantic was 2/3rd of this region’s business and therefore the November catalyst of USA reopening is important, although the domestic opportunity implies that getting to pre-pandemic levels should not be difficult.”

Trading conditions are also looking favourable in Europe for WebBeds. Especially given how some of its rivals failed to make it through the pandemic.

Goldman said: “Competition remains lower in the European market, as the group has not seen some companies who entered hibernation during COVID recover, and smaller players trying to enter new markets to disrupt is also lower. Management expects to look at M&A opportunities if it offers ancillary opportunities rather than to achieve scale.”

All in all, the broker came away feeling positive on Webjet’s recovery and has retained its buy rating.

It concluded: “Overall, the feedback from this meeting was largely positive with key internal process targets remaining on track to deliver, and travel recovery remaining positive on the international front. While the Webjet OTA and Online Republic businesses remain impacted by the shutdowns in the ANZ region, management remains confident of Webjet’s ability to grow market share as reopening recovers.”

The post Why this top broker rates the Webjet (ASX:WEB) share price a buy 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 owns shares of and has recommended Webjet Ltd. 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 Argosy Minerals Ltd (ASX: AGY) share price is sliding on Wednesday morning despite a positive update from the company.

At the time of writing, the lithium miner’s shares are down 1.82% to 16.2 cents apiece.

What did Argosy announce?

A catalyst for the Argosy share price being dragged down may be overall weak market sentiment on the ASX today. The All Ordinaries Index (ASX: XAO) is heavily retreating, down 1.13% to 7,495.6 points at the time of writing.

In today’s statement, Argosy advised it has completed interpretation and analysis of the magnetotelluric (MT) resistivity survey data for its Tonopah Lithium Project in the US state of Nevada.

The company hired the services of a Perth-based MT specialist geophysical consultant to identify potential brine targets within the area.

Modelling works found a major conductive anomaly which is being interpreted as a possible lithium brine aquifer. The depth to the top of this feature varies between 300 metres to 700 metres.

Argosy noted that the main anomaly contains three MT targets that may define a closed basin and hold lithium brine deposits. The targets will require drill testing, however, to the deepest hole of up to 1,500 metres.

As such, the company will consider further exploration programs before moving to the next stage of drilling.

Argosy managing director Jerko Zuvela commented:

The geophysical works conducted at Tonopah have succeeded in delineating lithium brine targets within our project area. We now look forward to progressing works to realise the potential of our strategic project in an established tier 1 mining region.

The significant impetus for local lithium supply in the USA has become critical, and out Tonopah Lithium Project is in prime position and enhances Argosy’s value to all strategic groups across the battery and EV industry supply chain.

Argosy share price summary

Over the past 12 months, Argosy shares have gradually trekked higher to post a gain of more than 200%. Year-to-date has also been impressive with its shares more than doubling in value.

Based on today’s price, Argosy commands a market capitalisation of roughly $206.3 million and has approximately 1.25 billion shares outstanding.

The post Argosy (ASX:AGY) share price edges lower on Tonopah Lithium Project update appeared first on The Motley Fool Australia.

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

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The 4DS Memory Ltd (ASX: 4DS) share price is pushing higher despite the broader All Ordinaries Index (ASX: XAO) falling today.

At the time of writing, 4DS shares are up 3.70% to 14 cents, while the All Ords is down 1.42% to 7,473.5 points.

Let’s take a closer look at what 4DS Memory updated the ASX with this morning.

4DS Memory furthers patent protection

Investors appear excited by the company’s latest update, sending 4DS Memory shares higher.

According to its release, 4DS Memory advised that it has been granted an additional patent to add to its portfolio. Approved by the United States Patent & Trade Mark Office, this brings the total amount of granted patents to 32 within the United States.

4DS Memory stated that the new patent is titled, ‘Conductive Amorphous Oxide Contact Layers’ (patent number 11,133,464).

The company noted that all its patents and applications are developed in-house and are wholly-owned. This gives 4DS peace of mind away from royalty and licencing commitments.

4DS Memory CEO and managing director, Dr Guido Arnout commented:

The granting of patents is an extremely important strategy for the company to protect its unique Interface Switching ReRAM in the overall ReRAM space.

What does 4DS do?

4DS Memory is a semiconductor company that develops resistive random-access memory (ReRAM). With research facilities in Silicon Valley, the start-up tech seeks to commercialise its product to become a replacement for more traditional Flash memory storage.

The company is developing breakthrough storage memory that could be used in advanced applications in the near future.

It is estimated that the total addressable market for the memory industry is around $40 billion.

About the 4DS share price

It has been a great 12 months for 4DS Memory investors, with its share price jumping by more than 100%. Year-to-date, however, is currently registering a gain of just under 10%.

The company’s shares reached a multi-year high of 28 cents in January 2021, before treading lower after some profit-taking.

Based on today’s price, 4DS Memory commands a market capitalisation of roughly $178.5 million, with approximately 1.3 billion shares outstanding.

The post 4DS Memory (ASX:4DS) share price lifts on patent update appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Teboneras owns shares of 4DSMEMORY FPO. 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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