ASX coal shares have rallied hard during 2022, emerging as one of the top performing share baskets on the market.

The price of coal has been somewhat of an anomaly these past few weeks. Coal has held onto its gains of the past year while most other commodities have turned to the downside.

The black rock now trades at US$410 per tonne, around 174% higher than it was 12 months ago. Newcastle coal futures have soared even higher than that.

The graph below illustrates the movement of the Newcastle coal futures price, along with the share prices of major ASX coal producers Whitehaven Coal Limited (ASX: WHC), New Hope Corporation Ltd (ASX: NHC), and Yancoal Australia Ltd (ASX: YAL).

Can the rally be sustained?

According to a recent research note from investment bank Macquarie, the current premium attached to coal pricing is “fundamentally unsustainable”.

The broker reckons prices will gradually revert back to respectable levels, as metallurgical coal makes its way into the thermal coal market.

Furthermore, Macquarie says a recent selloff in coking coal markets that’s seen the price of coking coal plunge from US$530/tonne to US$230/tonne from June to date is “fundamentally justified”.

The broker said:

In our view, while the coking coal price drop since May is fundamentally justified by the worsening demand outlook, the selloff is starting to look overdone for a market still facing a structural deficit.

Despite this, Macquarie also reckons there is still upside potential for the market as investors buy in at the lows.

Meanwhile, governments in Europe have recently announced the return to service of several coal-fired power stations, according to Refinitiv Eikon analysis.

The decision has pushed the EU to revise its expectations on coal consumption in Europe over the short to medium term, it said.

Analysts added:

We expect the magnitude of the impact on Germany’s coal consumption will be most pronounced in the winter months of 2022 and 2023, and potentially also the following winter.

The news could be positive for ASX coal players such as Whitehaven, Newhope, and Yancoal.

All three of the ASX coal giants are set to report their full-year earnings soon, where we will also get a glimpse into FY23 guidance.

The post How long can ASX coal shares keep this rally up? appeared first on The Motley Fool Australia.

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More reading

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

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

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If you’re looking to invest in the tech sector, then check out the two tech shares listed below.

Both of these ASX tech shares have been named as buys and tipped for strong growth in the future. Here’s what you need to know:

Aristocrat Leisure Limited (ASX: ALL)

The first ASX tech share to look at is Aristocrat. It is a leading gaming technology company with a portfolio of popular poker machines and mobile games.

The team at Morgans is very positive on the company’s outlook. This is due to its high quality gaming portfolio, its strong balance sheet, and its plans to move into real money gaming.

The broker summarised its bullish view. It said:

We expect ALL to continue to take market share in all its product segments. Demand for its gaming machines and digital games is resilient to economic cycles. […] With $3.3bn of currently available liquidity, ALL has significant funding capacity for growth, even after the buyback. It has a stated ambition to build a meaningful presence in the rapidly growing online real money gaming segment, which we believe may be achieved both through organic investment and inorganic acquisitions.

Morgans currently has an add rating and $43.00 price target on Aristocrat’s shares. Based on the current Aristocrat share price of $35.74, this implies potential upside of 20% for investors.

Readytech Holdings Ltd (ASX: RDY)

Another ASX tech share that could be worth considering is Readytech. It is a growing provider of enterprise software to defensive market verticals such as higher education, human resources, work pathways, and local government.

Analysts at Goldman Sachs are fans of the company due to its high recurring revenue and strong position in defensive areas of the market that are under-served by large enterprise software competitors. Morgans feels that this bodes well for the company’s performance in the current environment.

The broker commented:

In our view, RDY will continue to grow mid-teens organically while making accretive acquisitions (such as IT Vision), with profitability underpinned by solid software metrics including low churn at ~3% and high LTV/CAC. RDY serves defensive end markets (e.g. higher education, local government) and has high recurring revenue (>85%) which should protect the company’s earnings profile in an economic downturn.

Goldman has a buy rating and $4.60 price target on Readytech’s shares. Based on the current Readytech share price of $3.02, this suggests potential upside of 52% for investors.

The post Experts say these ASX tech shares would be excellent buys appeared first on The Motley Fool Australia.

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• Analysts name 2 stellar ASX growth shares to buy
• Why this leading broker is bullish on the Aristocrat share price
• Experts name 2 ASX growth shares for investors to buy now
• Why has the Aristocrat share price increased 17% in two months?
• Here’s why analysts are tipping these ASX growth shares as buys

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 Readytech Holdings Ltd. The Motley Fool Australia has recommended Readytech Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Beach Energy Ltd (ASX: BPT) share price is edging higher on Tuesday afternoon despite no announcements from the company.

At the time of writing, the energy producers’ shares are 3.47% higher to $1.79 a pop.

For context, the S&P/ASX 200 Index (ASX: XJO) is also in the green by 0.25% to 6,806 points.

Let’s take a look at what’s fuelling Beach Energy shares to a 4-week high.

Beach Energy rally ahead of crucial Fed Reserve decision

Investors are bidding up the Beach Energy share price following a strong uplift across the S&P/ASX 200 Energy (ASX: XEJ) index today.

The ASX 200 benchmark energy sector is the best performer among the ASX indices, rising 2.55% to 10,076.5 points.

This represents a sharp rebound after falling more than 4% over the past three consecutive trading days.

It appears short sellers are closing out on their bets against exchange-traded funds (EFTs) tied to oil.

According to oilprice.com, there is the belief that the days of oil entering into bear market territory are now over.

In effect, this has led the price of the West Texas Intermediate (WTI) to climb 1.35% to US$98 a barrel.

However, with crucial data to be reported out of the United States this week will without doubt have an impact on energy markets.

The Federal Reserve is set to decide on whether to lift interest rates or not on Wednesday following the latest CPI data.

Shares in fellow energy peers, Woodside Energy Group Ltd (ASX: WDS) and Santos Ltd (ASX: STO) are up 2.34% and 2.65%, respectively.

Beach Energy share price snapshot

Despite wobbling in the past few weeks, the Beach Energy share price has gradually travelled upwards to post a gain of 44% since the start of the year.

The company’s shares are around 7% off their 52-week high of $1.905 achieved on 9 June.

Beach Energy has a price-to-earnings (P/E) ratio of 10.16 and commands a market capitalisation of roughly $3.95 billion.

The post Why is the Beach Energy share price having such a top run on Tuesday? appeared first on The Motley Fool Australia.

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• 5 things to watch on the ASX 200 on Tuesday
• 5 things to watch on the ASX 200 on Friday
• Beach share price falls despite solid FY22 revenue growth
• 5 things to watch on the ASX 200 on Wednesday
• 5 things to watch on the ASX 200 on Tuesday

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

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The Grange Resources Limited (ASX: GRR) share price is tumbling 10% following the release of its results for the June quarter.

After falling 2% on open, the iron ore producer’s stock plunged to an intraday low of $1.14, a 13% drop. At the time of writing, its shares are trading at $1.18 each, 10.27% lower.

Grange Resources share price plunges on quarterly results

Here are the key takeaways from the company’s June quarter results:

• Iron ore concentrate production rose to 664 kilotons ­– a 4% quarter-on-quarter improvement
• Iron ore pellet sales increased to 705 kilotons – a 47% increase on that of the March quarter
• The average received price for the quarter dropped to $193.44 per tonne
• Operating costs increased to $122.72 per tonne

The iron ore producer’s production costs rose 15% in the June quarter, driven by higher energy costs. Meanwhile, its realised sales price dropped 37% on that of the March quarter, alongside iron ore prices.

The company’s iron ore pallet sales jumped considerably quarter-on-quarter due to planned maintenance activity in the prior period.

It ended the June quarter with cash and liquid investments of $369.5 million and trade receivables of $8.5 million.

What else happened in the June quarter?

The Grange Resources share price gained 13.5% over the three months ended June despite the only news from the company – its results for the March quarter – driving it 5% lower.

It also continued working towards the development of its north pit underground mine and expects the rebuild of its furnace line 4 to begin commissioning in the current quarter.

What did management say?

Grange Resources CEO Honglin Zhao commented on the results driving the company’s share price today. He said higher energy prices and the deflating iron ore price made for a “challenging” June quarter, adding:

Despite these headwinds, our team continues to focus on cost discipline, safe, and effective production as we see through this difficult period.

What’s next?

The company is working towards a definitive prefeasibility study for its 70%-owned Southdown Magnetite Project. It’s expected to be completed later this year.

It’s also developing an environmental, social, and governance (ESG) framework. It expects to release its first full disclosure statement in the current quarter.

Grange Resources share price snapshot

Today’s dip hasn’t been enough to plunge the Grange Resources share price into the long-term red.

The stock is still 50% higher than it was at the start of 2022 and 38% higher than it was this time last year.

For comparison, the All Ordinaries Index (ASX: XAO) has slipped 11% this year and 8% over the last 12 months.

The post Grange Resources share price sinks 10% following ‘challenging’ quarter appeared first on The Motley Fool Australia.

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• Here are the top 10 ASX shares today
• Here are the top 10 ASX shares today

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

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The Macquarie Group Ltd (ASX: MQG) share price will be one to watch later this week.

On Thursday morning, the investment bank is holding its annual general meeting and, traditionally, it releases its first quarter update ahead of the event.

What is expected from Macquarie during the first quarter?

According to a note out of Citi, its analysts are expecting another strong quarter from the investment bank. Its analysts are forecasting a first quarter net profit of approximately $1 billion.

However, Citi has warned investors that the following quarters may not be as positive given the very strong comparable periods that they will be cycling and potential headwinds. Citi explained:

MQG is due to present a quarterly update at its upcoming AGM, which we forecast at NPAT of ~$1bn. While we see little risk around upcoming quarters, we do however see greater uncertainty emerging regarding quarters thereafter.

MQG needs to cycle record quarters in 3Q23 and 4Q23. Volatility is likely to remain elevated, but commodities remains overleveraged to a number of ‘crises’ while volatility and accelerating rates will start to weigh on deal flow (asset gains and M&A advisory revenues).

In light of this, the broker has retained its neutral rating with a $187.00 price target. Its analysts added:

While there is much talk of a ‘cycle’ in the market, MQG forward earnings forecasts appear extremely resilient to a tightening of financial conditions and see record earnings plateauing out to FY25. With record tightening underway and a vastly more cyclical business than 5 years ago, we see potential downside risk emerging through the year. We stay Neutral given mid-cycle value, but see risk of consensus revisions.

The post Own Macquarie shares? Here’s what to expect from its Q1 update appeared first on The Motley Fool Australia.

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• 5 ASX 300 shares this fundie has been buying at bargain prices
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• Experts name 2 top ASX dividend shares to buy right now
• Top ASX dividend shares to buy in July 2022

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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

Uniswap (CRYPTO: UNI) is one of the best-known pioneers in decentralized finance (DeFi) and has always had a passionate following in the crypto space. It is now the number 18 crypto in the world by market capitalization, but the primary allure of Uniswap has always been for die-hard crypto enthusiasts, not for mainstream investors. In fact, if you’re not into DeFi, you may not have ever heard of Uniswap. 

That’s why the recent announcement by Robinhood Markets (NASDAQ: HOOD) that it was adding Uniswap to the crypto trading menu on its popular app is so exciting. There are only 13 cryptos on the menu today, so the move could help Uniswap find more mainstream acceptance, especially among young millennials. Anyone opening up the Robinhood app on their phone can now find Uniswap right next to fan favorites like Bitcoin (CRYPTO: BTC) or Ethereum (CRYPTO: ETH). Perhaps not surprisingly, Uniswap has already started to rally.

Behold the DeFi unicorn

Since its launch in November 2018, Uniswap has been a leader in the DeFi space. With backing from a number of high-profile venture capital firms (including Union Square Ventures and Andreessen Horowitz), Uniswap popularized the concept of the decentralized exchange (DEX). This focus makes it very different from Coinbase (NASDAQ: COIN), which is a centralized exchange (CEX). Uniswap also pioneered the concept of the automated market maker (AMM), which describes how liquidity is provided to the market. Those might seem like obscure or arcane terms if you’ve never worked on Wall Street, but they are actually key underpinnings of decentralized finance.

Of course, there are plenty of other decentralized exchanges out there — all of them with funny names like SushiSwap (CRYPTO: SUSHI) or PancakeSwap (CRYPTO: CAKE). However, Uniswap is generally acknowledged to be the biggest and the best because it specializes in crypto tokens that trade on the Ethereum blockchain. In addition, Uniswap just passed a major milestone (more than $1 trillion traded over its lifetime) in May. Controversial new research from Kaiko now suggests that daily trading volume on Uniswap may soon be close to matching that of Coinbase. 

Back in the summer of 2020 (also known to crypto enthusiasts as “DeFi summer”), Uniswap was getting so much love that even level-headed mainstream publications like Bloomberg were swooning over it. The market cap for Uniswap is now over $5 billion (five times the amount of a traditional Silicon Valley unicorn), and the logo for Uniswap is a pink-and-white unicorn. So, by investing in Uniswap, you are investing in a real DeFi unicorn. 

Uniswap and NFTs

Another catalyst for Uniswap this summer could be its strategic transition into the nonfungible token (NFT) market. In June, Uniswap announced that it had acquired Genie, a new type of NFT marketplace. Unlike a traditional NFT marketplace like OpenSea, Genie is an aggregator marketplace. This means that it pulls in NFT listings from various other marketplaces to provide users with a more comprehensive set of listings. (In much the same way, a news aggregator pulls in content from a variety of different news sources to one main dashboard.)

What makes this strategic move so interesting is that Uniswap could apply the same market-making technology used to trade crypto tokens in order to trade NFTs. The way people trade NFTs now is not entirely efficient because it is sometimes difficult to match up a buyer and a seller and then agree on a final sale price for an NFT. Using its proprietary technology, Uniswap could theoretically make this process much more efficient and provide more overall liquidity to the NFT marketplace.

A second chance to buy Uniswap

By investing in Uniswap now, you are potentially gaining access to a crypto with a strong following and enormous growth potential based on its position in the DeFi world. Best of all, Uniswap is trading for less than $10 right now. At its all-time high, Uniswap traded for just under $45, so there is definitely some upside here. You may have missed buying Uniswap back in 2020, but you have a second chance now — and at a bargain price. 

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

The post Is it finally time to buy this crypto unicorn? appeared first on The Motley Fool Australia.

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• Why Flight Centre, Iress, Nitro, and Perseus shares are dropping today
• Does the HACK ETF pay dividends?
• Why Macquarie warns consensus earnings growth for ASX 300 shares in FY23 is ‘optimistic’
• Why has the Arafura share price jumped 25% so far in July?
• Why Myer, South32, Vulcan, and Zip shares are racing higher

Dominic Basulto has positions in Bitcoin and Ethereum. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Bitcoin, Coinbase Global, Inc., and Ethereum. The Motley Fool Australia owns and has recommended Bitcoin, Ethereum and SushiSwap. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. 

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a small gain. At the time of writing, the benchmark index is up 0.3% to 6,808.5 points.

Four ASX shares that have failed to follow the market higher today are listed below. Here’s why they are dropping:

Flight Centre Travel Group Ltd (ASX: FLT)

The Flight Centre share price is down almost 4% to $16.97. This morning the team at Credit Suisse responded to the travel agent’s latest update by putting an underperform rating and $14.00 price target on its shares. Elsewhere, Morgans has warned that Flight Centre’s earnings may not recover to pre-COVID levels until FY 2025.

Iress Ltd (ASX: IRE)

The Iress share price is down 9% to $10.71. Investors have been selling this financial technology company’s shares after it announced that its CEO is leaving. Iress’ CEO, Andrew Walsh, is retiring at the start of October after 21 years with the company and 13 years as its leader. Walsh will remain with Iress as a consultant until the end of January 2023. He will be replaced by Marcus Price.

Nitro Software Ltd (ASX: NTO)

The Nitro share price has crashed 26% to $1.20. This follows the release of the document productivity software company’s quarterly update. Although Nitro delivered strong growth during the first half, it has cut its guidance for the full year. This is because management has decided to balance its pursuit of annual recurring revenue growth while accelerating its cash flow breakeven goals.

Perseus Mining Limited (ASX: PRU)

The Perseus Mining share price is down 3.5% to $1.63. This morning this gold miner released its fourth quarter update. Although Perseus delivered production and costs in line with its guidance in FY 2022, investors appear disappointed with the company’s FY 2023 half-year guidance. Management is expecting its all-in sustaining cost (ASIC) to increase 5% to 15% during the first half.

The post Why Flight Centre, Iress, Nitro, and Perseus shares are dropping today appeared first on The Motley Fool Australia.

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• ASX 200 midday update: Iress sinks on CEO exit, Flight Centre shares descend
• Iress share price drops 9% on news of CEO departure
• Why is the Nitro share price crashing 29% on Tuesday?
• 5 things to watch on the ASX 200 on Tuesday
• Here are the top 10 ASX 200 shares 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 Flight Centre Travel Group Limited and Nitro Software 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 BetaShares Global Cybersecurity ETF (ASX: HACK) is not among the most popular exchange traded funds (ETFs) on the ASX. But it has certainly drawn some eyeballs in recent years, thanks in part to some impressive performance metrics.

This ETF, which, as its name implies, covers a basket of cybersecurity companies from around the world, has been impressive, no way around it. As of 30 June, the HACK ETF has averaged an annual average return of 16.38% over the past five years. That’s despite it taking a 19.08% haircut over the first six months of 2022.

HACK has been able to achieve these kinds of turns by holding companies that have proven to be winners over the past few years. These include US cybersecurity companies like CrowdStrike Holdings Inc, Zscaler Inc, Okta Inc, and Palo Alto Networks Inc. But HACK also holds companies hailing from countries as diverse as Israel, France, India, and South Korea.

So we know that the HACK ETF has been able to give investors some impressive capital gains over recent years. But what of dividend income? Does the BetaSahres Global Cybersecurity ETF pay dividend distributions?

Does the BetaShares Global Cybersecurity ETF pay dividend income?

Yes, it does. Like many ASX ETFs, the HACK ETF tends to pay out a dividend distribution every 12 months. Thus, investors have only received one distribution over the past year. That was the 68.075 cents per unit payment that investors received on 18 July.

This distribution was a lot weightier than the 29.481 cents per unit payment investors enjoyed back in July 2021.

On the current HACK unit price of $8.33 (at the time of writing), this latest payment gives this ETF a rather hefty trailing dividend distribution yield of 8.17%.

So all in all, investors have enjoyed both capital gains and dividend income from the HACK ETF in recent years. No doubt investors will hope these kinds of returns keep flowing in the years ahead. But we shall have to wait and see what happens.

The BetaShares Global Cybersecurity ETF charges a management fee of 0.67% per annum.

The post Does the HACK ETF pay dividends? appeared first on The Motley Fool Australia.

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Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended BETA CYBER ETF UNITS and CrowdStrike Holdings, Inc. The Motley Fool Australia has positions in and has recommended BETA CYBER ETF UNITS. The Motley Fool Australia has recommended CrowdStrike Holdings, Inc. 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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Top broker Macquarie says the consensus for 10% earnings per share (EPS) growth for S&P/ASX 300 Index (ASX: XKO) shares “looks optimistic”.

Not only that, but a 10% fall seems more likely based on the past three recessions in the United States.

According to reporting in The Australian today, Macquarie’s Australian equity strategist, Matthew Brooks says the 2H FY22 results in the upcoming earnings season may surpass expectations.

He says this is based on US results beating expectations so far, as well as Australian companies reporting good overall conditions.

But he reckons there is risk in the next financial year due to macroeconomic issues like rising interest rates. Therefore, he questions whether the ASX 300 earnings consensus estimate is possible.

FY22 is fine but the risks lie in FY23

Brooks foresees the US Federal Reserve and Reserve Bank of Australia continuing to raise interest rates to slow demand and bring inflation under control.

Meanwhile, disruptions caused by COVID-19 continue to bring down productivity around the world.

Brooks said he expects to see free cash flow pressured by rising costs, higher interest expenses, and higher working capital.

ASX 300 companies might get conservative with guidance

In such circumstances, Brooks reckons companies are more likely to be conservative with their guidance.

With the earnings season almost upon us, Brooks says some companies “may limit their forward looking comments until we get into AGM season.”

Brooks said: “While negative EPS revisions picked up in June – to minus 27% – and July (to minus 25%), this is still half the EPS downgrades seen near a trough.”

A “sustainable low” in the market “requires a trough in the cycle or a shift to easing by central banks”.

The post Why Macquarie warns consensus earnings growth for ASX 300 shares in FY23 is ‘optimistic’ appeared first on The Motley Fool Australia.

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Motley Fool contributor Bronwyn Allen has positions in Macquarie Group 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 recommended Macquarie Group 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 Arafura Resources Ltd (ASX: ARU) share price is pushing higher in afternoon trade on Tuesday.

At the time of writing, the rare earths share is swapping hands at 36 cents apiece on no news, a 4.35% jump on the day.

This brings Arafura’s gains to around 25% in the new financial year, capping off a solid performance in July.

What’s up with the Arafura share price?

It’s been a quiet month for the company. That was until it released its quarterly activities report yesterday.

In the report, Arafura outlined that NdPr [neodymium and praseodymium] pricing continued to realise strong performance at US$139/kg to close the quarter.

It also highlighted a memorandum of understanding (MoU) with Hyundai Motor Company.

The terms would be for an offtake agreement of 1,000-1,500 tonnes per annum of NdPr Oxide over a seven-year term. It would commence in 2025 if it goes ahead.

The Arafura share price is also rated as a buy from analysts at Bell Potter. The broker is attracted to the company’s Nolans rare earth project.

It also noted the MoU with Hyundai Motor Company in its notes, suggesting the company could potentially provide up to 8% of global supply into the permanent magnet market.

In addition, the S&P/ASX 300 Metals and Mining Index (ASX: XMM) has risen in July despite weakening substantially at the back end of June.

Both Arafura’s and the index’s returns for the year to date are seen below. It’s also worth noting that in the last 12 months, the Arafura share price has gained more than 173%.

The post Why has the Arafura share price jumped 25% so far in July? appeared first on The Motley Fool Australia.

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More reading

• Broker names 2 ASX mining shares to buy in FY23
• Mineral Monday: What you need to know about rare earths and which ASX shares are cashing in on them

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

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