The S&P/ASX 200 Index (ASX: XJO) has followed the lead of Wall Street and is on track to record a strong gain. In afternoon trade, the benchmark index is up 1% to 7,320.5 points.

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

Carsales.Com Ltd (ASX: CAR)

The Carsales share price is down 2.5% to $24.90. This follows the release of the auto listings company’s investor day update this morning. At the event, the company reiterated its FY 2022 outlook statement provided at its annual general meeting in October. Some investors may have been hoping for a guidance upgrade today.

Magellan Financial Group Ltd (ASX: MFG)

The Magellan share price is down 6.5% to $29.06. Investors have been selling this fund manager’s shares after it announced the surprise exit of its Chief Executive Officer, Dr Brett Cairns. The release explains that Dr Cairns is leaving for personal reasons. Magellan has promoted its Chief Financial Officer, Ms Kirsten Morton, to the top job on an interim basis.

Nickel Mines Ltd (ASX: NIC)

The Nickel Mines share price is down 4% to $1.34 despite there being no news out of it. However, this nickel producer’s shares have been on fire in recent weeks. So much so, even after today’s decline, they are up 34% since this time last month. This could have led to some investors taking a bit of profit off the table on Tuesday.

Sigma Healthcare Ltd (ASX: SIG)

The Sigma Healthcare share price has continued its slide is down almost 6% to 45.7 cents. This morning the team at Credit Suisse downgraded the pharmacy chain operator’s shares to a neutral rating in response to its disappointing trading update on Monday. That update revealed that Sigma has revised its earnings guidance lower in FY 2022 due partly to issues with the rollout of its ERP system.

The post Why Carsales, Magellan, Nickel Mines, and Sigma shares are dropping appeared first on The Motley Fool Australia.

More reading

• Leading brokers name 3 ASX shares to sell today
• ASX 200 (ASX:XJO) midday update: Zip update impresses, BOQ rises
• Why the Magellan (ASX:MFG) share price is sinking to 52-week lows
• 5 things to watch on the ASX 200 on Tuesday
• Why Bapcor, Kogan, Sigma, and Zip shares are dropping 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 carsales.com 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 S&P/ASX 200 Index (ASX: XJO) is finally giving investors some relief today with a positive session thus far. At the time of writing, the ASX 200 is up a healthy 0.61% at 7,289 points.

So let’s dig a little deeper and check out the ASX 200 shares currently topping the ASX volume charts today, according to investing.com.

3 most active ASX 200 shares by volume on Tuesday

South32 Ltd (ASX: S32)

Diversified ASX 200 miner South32 is the first share experiencing elevated trading volumes today. So far this Tuesday, a hefty 10.57 million South32 shares have changed hands. There has been no official news or announcements out of the company so far. So we can probably put this volume down to the nasty fall the company’s shares have endured today.

South32 is currently down 1.35% at $3.65 a share, defying the positive sentiment of the broader market. Together with this miner’s ongoing share buyback program, and we have the likely reason why South32 makes this list today.

Zip Co Ltd (ASX: Z1P)

Buy now, pay later (BNPL) share Zip is next up this Tuesday. This ASX 200 company has seen a sizeable 12.24 million shares swap owners as it currently stands. We don’t have to look too far for this one. This high volume is the likely result of the pleasing 7.83% jump to $4.68 a share that Zip Co has enjoyed today.

As we covered this morning, this jump comes after the company delivered a performance update for November today. Zip told the markets that its annualised transaction volume hit $10 billion over last month. Evidently, investors were impressed.

Telstra Corporation Ltd (ASX: TLS)

Telstra is our final and most traded ASX 200 share this Tuesday so far. The telco has seen 13.7 million of its shares bought and sold at this stage of the trading day. Unlike Zip, we can’t point to anything concrete to explain this move. The Telstra share price is currently up by 0.12% at $4.02 a share. However, it rose as high as $4.05 this morning before cooling off at its current level. It’s this volatility that might be behind this elevated trading volume we are seeing.

The post Here are the 3 heaviest traded ASX 200 shares this Tuesday so far appeared first on The Motley Fool Australia.

More reading

• Why is the Webjet (ASX:WEB) share price flying 4% higher today?
• Why Bank of Queensland, Imugene, Webjet, and Zip shares are pushing higher
• Why has the Australian Ethical (ASX:AEF) share price tanked 17% in a week?
• Rio Tinto (ASX:RIO) and Fortescue (ASX:FMG) share prices hit by broker downgrade
• ASX 200 (ASX:XJO) midday update: Zip update impresses, BOQ rises

Motley Fool contributor Sebastian Bowen owns shares of Telstra Corporation Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended ZIPCOLTD FPO. The Motley Fool Australia owns shares of and has recommended Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Shares in health insurance giant Medibank Private Ltd (ASX: MPL) are inching lower in afternoon trade and are changing hands less than 1% down at $3.36.

But zooming out on Medibank’s chart, it looks as if a 4-year old drew it while trying to stay within the lines.

The stock has rallied as high as $3.62 and traded as low as $3.32 in the 3-month period to date, and is down more than 7% in that time.

This may spark the interest of those who identify the recent share price pullback as a potential buying point. Let’s see what the experts think.

Is Medibank a buy right now?

The team at Morgans gives a mixed review of the Medibank share price. While the firm acknowledges the company’s policyholder growth statistics and operating margins are robust, it also recognises the share is trading near its fair value.

Even though Medibank reaffirmed its FY21 guidance measures in its AGM, Morgans alludes to a mild upgrade to the company’s FY22 policyholder growth estimates.

It notes that Medibank is “getting a good recent track record of upgrading policyholder growth guidance, with [the] upgrade following three similar ones in FY21”.

Even as it raised its valuation of Medibank shares to $3.55, the firm retained its hold rating and doesn’t advocate it as a buy right now.

The team at JP Morgan agrees and rates Medibank as neutral with a $3.30 share price target.

JP Morgan holds the theory that people will be more vigilant with their healthcare as a result of the pandemic. The investment bank cites regulator data for the 3 months until 30 September 2021, alluding to a 63,000 growth in private health fund membership.

However, whilst this is a step-up from previous numbers, the rate of growth in new memberships has slowed. Most notably, the 25-34-year-old age bracket recorded the largest falls.

Even in older age groups, JP Morgan says, “The proportion of members over the age of 70 years continues to expand which we attribute to the aging of the membership.”

From the list of analysts provided by Bloomberg Intelligence, 69% have Medibank as a hold whereas just 31% rate it as a buy.

Medibank share price summary

In the last 12 months, the Medibank share price has gained more than 18%, rallying almost 12% this year to date.

However, in the last month of trading, it has reversed course and is now more than 3% in the red in that time.

The post The Medibank (ASX: MPL) share price has gone backwards this past month. Is it a buy? appeared first on The Motley Fool Australia.

More reading

• 2 ASX shares that tick all the right boxes for the long term: expert
• Why has the Medibank (ASX:MPL) share price leapt 8% in November so far?
• Here’s how the Medibank (ASX:MPL) share price has performed against the ASX200 in the last 3 months

The author 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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Shares in critical metals producer Australian Strategic Materials Ltd (ASX: ASM) are losing ground and are now down 11% on the day at $10.13.

ASM shares lost territory directly from the open as investors responded poorly to an announcement on the company’s Dubbo project optimisation. Here are the details.

What was announced?

ASM confirmed “strong financial results as an outcome of the Optimisation Study and Enhanced Project Addendum” for its Dubbo project.

The study was based on Alkane Resources Ltd’s optimisation study that was released to the market way back in 2018.

ASM advised the revised financials are based only on the initial ore reserve of 18.9 million tonnes (Mt). Substantial additional measured and inferred mineral resources beneath the ore reserve are excluded from this study, per the release.

The updated base case for the 20-year life of mine is expected to achieve a pre-tax net present value (NPV) of $2.361 billion on a pre-tax project internal rate of return (IRR) of 23.5%.

ASM notes that this is a 6% improvement on the pre-tax IRR compared to the 2018 study.

The company also says that the optimisation simplifies the Dubbo Project process flow sheet, and incorporates “new operating strategies that will reduce operating costs and improve the ESG performance” of the site.

Examples of such strategies include increasing the brine concentrator capacity, thereby halving water consumption; refurbishment of the railway line to simplify project logistics and provide new categories of local entry level jobs; and the development of a “chlor-alkali plant” – reducing the cost of reagents and their transportation.

According to ASM, these strategies facilitate ESG benefits by “reducing water consumption, reducing the handling and quantum of process chemicals, and reducing the number of trucks on local roads, required for the Dubbo Project”.

 Management commentary

Speaking on the announcement, ASM Managing Director, David Woodall said:

I am delighted with the outcomes of the Optimisation Work which demonstrates the financial strength of the Dubbo Project and ASM’s focus on a sustainable future delivering improved performance and ESG outcomes. The Optimisation Work supports a strong go forward case and is an exciting development for ASM, our partners and shareholders. The Optimisation Work confirms we have a project that can integrate into our metals business to create an alternate, sustainable, secure and stable long-term supply of critical metals and oxides. This places ASM in an exceptional position in the critical metals value chain, as the vertically integrated owner of a globally significant polymetallic resource in Dubbo, and the capability to produce critical metals from this resource to the highest environmental standards.

In the past 12 months, the Australian Strategic Materials share price has soared over 137% after rallying a further 58% this year to date.

Over the last month, it has reverted back down sharply and now trades 22% in the red over that time, and is a further 19% down over the last week of trade.

The post Australian Strategic Materials (ASX:ASM) share price loses 11% despite ‘strong financial results’ appeared first on The Motley Fool Australia.

More reading

• Why is the Australian Strategic Materials (ASX:ASM) share price halted?

The author 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 Alcidion Group Ltd (ASX: ALC) share price is frozen today with the company announcing it will acquire Silverlink PCS Software Limited.

The healthcare technology company’s shares were at 32 cents before the trading halt was announced just before the market open.

Let’s take a look at what is going on at Alcidion today.

What’s happening with Alcidion?

The Alcidion share price was halted today after the company announced it had signed a binding share purchase agreement to acquire UK software company Silverlink. The acquisition will be funded through a capital raise.

Silverlink Software is one of the most widely used patient administration systems in the UK National Health System (NHS).

The $55 million capital raise will include a $30 million share placement and a $25 million entitlement offer of 1 new share for every 10.5 existing shares.

Shares for the placement will be offered at 25 cents apiece. That’s a 21.9% discount on the last closing price of 32 cents.

Roughly 220 million new shares will be issued to the market as part of this capital raise.

Alcidion develops and licenses a range of software products for use in the healthcare sector. It now plans to expand its UK presence to 38 NHS trusts, or 26% of the market.

Management commentary

Speaking on the news that’s halted the Alcidion share price today, CEO Kate Quirke said:

This acquisition is very exciting for Alcidion and clearly aligns with our acquisition strategy of expanding our product offering, increasing our UK market presence, and providing a positive contribution to our financial performance.

We welcome the Silverlink team of 11 staff who together with our own senior leadership team have decades of product development, sales, and implementation experience in Patient Administration Systems.

Alcidion share price snapshot

Shareholders have recorded gains of almost 73% in 2021. Looking at the bigger picture, the last 12 months have seen the Alcidion share price surge by around 48%.

Alcidion reached a yearly high of 49 cents in June, while January delivered the yearly low of 18 cents.

The post Alcidion (ASX:ALC) share price halted amid acquisition news appeared first on The Motley Fool Australia.

More reading

• Why the Alcidion (ASX:ALC) share price is rocketing 11% higher
• 2 growing small cap ASX shares to watch
• 3 exciting small cap ASX shares to watch

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Alcidion Group Ltd. The Motley Fool Australia has recommended Alcidion Group 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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Yesterday we looked at three ASX shares brokers have given buy ratings to this week.

Unfortunately, not all shares are in favour with them right now. Three that have just been given sell ratings are listed below. Here’s why these brokers are bearish on these ASX shares:

Boral Limited (ASX: BLD)

According to a note out of Morgan Stanley, its analysts have retained their underweight rating and $6.10 price target on this building products company’s shares. This is despite the company announcing the sale of its US based Fly Ash business and the broker expecting the majority of these funds to be returned to shareholders. Morgan Stanley remains bearish and continues to forecast a sharp decline in half year earnings. The Boral share price is trading at $6.13 on Tuesday afternoon.

Commonwealth Bank of Australia (ASX: CBA)

A note out of Morgans reveals that its analysts have retained their reduce rating and $73.00 price target on this banking giant’s shares. This follows a review of the banking sector. While Morgans is positive on the sector, it continues to believe the CBA share price is overvalued at the current level. The broker has previously stated its belief that the premium its shares trade at to the other big banks is unjustifiably large. The CBA share price is fetching $96.98 today.

Magellan Financial Group Ltd (ASX: MFG)

Analysts at UBS have retained their sell rating and $29.50 price target on this fund manager’s shares. This follows the release of Magellan’s latest funds under management update. While the broker was pleased to see the company’s run of net outflows come to an end in November, it wasn’t enough for a change of rating. UBS continues to see risk to the downside for its revenue and funds given the investment underperformance of its flagship fund. The Magellan share price is now trading below this price target at $28.90 after falling 7% today.

The post Leading brokers name 3 ASX shares to sell today appeared first on The Motley Fool Australia.

More reading

• ASX 200 (ASX:XJO) midday update: Zip update impresses, BOQ rises
• Why the Magellan (ASX:MFG) share price is sinking to 52-week lows
• 5 things to watch on the ASX 200 on Tuesday
• Can NAB (ASX:NAB) shares ever close in on CBA’s market cap?
• Why Boral, Metcash, Silver Lake, and Strike Energy shares are pushing higher

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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Much to the probable relief of ASX investors, the S&P/ASX 200 Index (ASX: XJO) is enjoying a day of healthy gains so far this Tuesday. At the time of writing, the ASX 200 is up a robust 0.63% at 7,290 points. But one ASX 200 share is making those gains look paltry. That would be the Webjet Limited (ASX: WEB) share price.

Webjet shares are putting the ASX 200 to shame today. This company is up a healthy 4.14% at $5.54 a share so far after closing at $5.33 yesterday and opening at $5.50 this morning.

So what could be behind this market-beating performance?

Why is the Webjet share price taking off today?

Well, to put things into perspective, these gains come after a very rough time for the Webjet share price during November. This is a company that was going for $6.60 a share around a month ago, meaning it has fallen more than 16% since then. And that’s including today’s gains.

We can probably blame the emergence of the Omicron COVID variant last month for most of Webjet’s woes. Most ASX shares in the travel sector got smashed over November, probably on similar concerns. For example, on today’s pricing, Qantas Airways Limited (ASX: QAN) shares are still down more than 11.5% over the past month. Corporate Travel Management Ltd (ASX: CTD) shares have lost close to 7.5%. And Flight Centre Travel Group Ltd (ASX: FLT) shares are down close to 15%.

So it’s likely not an individual problem with Webjet that has tanked the shares over the past month, but a sector-wide selloff.

As for today’s gains, we can point to a converse pattern. All of the companies listed above are enjoying strong gains today. Corporate Travel and Flight Centre, in particular, are both up more than 5% so far.

This comes after travel-related shares over in the US rallied strongly last night (our time). Delta Air Lines Inc (NYSE: DAL) rose close to 6% in last night’s trading. American Airlines Group Inc (NASDAQ: AAL) rose almost 8%. And Carnival Corp (NYSE: CCL) shares were up a pleasing 8.14%. It’s possible that the ASX travel sector has taken its cues from these US companies today.

Evidently, both ASX and US investors seem to be putting their Omicron worries behind them, at least for now.

At the current Webjet share price, this ASX 200 travel share has a market capitalisation of $2.1 billion.

The post Why is the Webjet (ASX:WEB) share price flying 4% higher today? appeared first on The Motley Fool Australia.

More reading

• Why Bank of Queensland, Imugene, Webjet, and Zip shares are pushing higher
• Why has the Australian Ethical (ASX:AEF) share price tanked 17% in a week?
• Rio Tinto (ASX:RIO) and Fortescue (ASX:FMG) share prices hit by broker downgrade
• Here’s why ASX 200 travel shares are taking off today
• ASX 200 (ASX:XJO) midday update: Zip update impresses, BOQ rises

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 recommended Corporate Travel Management Limited, Flight Centre Travel Group Limited, and 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 Black Rock Mining Ltd (ASX: BKT) share price is pushing higher on Tuesday. This comes after the company provided investors with an update in regards to its Mahenge graphite project in Tanzania.

During mid-afternoon trade, the Australian mining company’s shares are swapping hands for 22 cents, up 18.92%.

What did Black Rock announce?

Investors are driving up the Black Rock share price following an expected positive outcome from the Government of Tanzania.

In its release, Black Rock said it had received an invitation to attend a ceremony in Dar es Salaam, Tanzania. The company hopes to reach a final agreement on the Mahenge project with the Tanzanian government at the event, scheduled for 13 December.

Signifying the importance of the meeting, the company’s managing director, John de Vries, is currently in Tanzania and will attend.

Quick take on Black Rock

Established in 2000, Black Rock is an Australian mining company focused on developing its Mahenge project. It is known to be the world’s fourth-largest graphite resource, indicating huge potential for the future.

Demand for graphite has grown considerably and is expected to double in the next decade. This is due to the strong adoption by consumers for batteries in electric vehicles and other emerging applications.

A strategic alliance with the POSCO Group saw an equity investment of US$7.5 million for the development of the Mahenge project. This enabled Black Rock to complete detailed engineering, early site clearance planning, and commercial-scale product qualification.

The company is now construction-ready. However, this is subject to financing and confirmation of the Tanzanian Government free carried interest agreement.

Black Rock share price summary

Over the past 12 months, the Black Rock share price has surged by more than 140%. This year to date is has accelerated 120%. The company’s shares have gradually increased throughout the period on the back of investor hype in the graphite space.

Black Rock commands a market capitalisation of around $181.75 million and has approximately 865.49 million shares outstanding.

The post The Black Rock Mining (ASX:BKT) share price is rocketing 19%. Here’s why appeared first on The Motley Fool Australia.

More reading

• Why Bank of Queensland, Imugene, Webjet, and Zip shares are pushing higher
• Here’s why the Chalice Mining (ASX:CHN) share price is in the spotlight today
• Why has the Australian Ethical (ASX:AEF) share price tanked 17% in a week?
• The Altium (ASX:ALU) share price is trading near all time highs. These brokers reckon there is more to come
• Imugene share price (ASX:IMU) pops 5% in cancer trial update

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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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a solid gain. At the time of writing, the benchmark index is up 0.4% to 7,245.1 points.

Four ASX shares that are climbing more than most today are listed below. Here’s why they are pushing higher:

Bank of Queensland Limited (ASX: BOQ)

The Bank of Queensland share price is up 4.5% to $7.94. This follows the release of a trading update ahead of its annual general meeting. That update shows that the bank’s growth momentum has continued throughout the first quarter of FY 2022, with strong application volumes across both the housing and business lending portfolios.

Imugene Limited (ASX: IMU)

The Imugene share price is up 5% to 49.8 cents. This follows the release of an update on its Phase I clinical trial of Oncolytic Virotherapy CHECKvacc. According to the release, the company has dosed its second patient with triple-negative breast cancer (TNBC) at the City of Hope cancer research centre in Los Angeles.

Webjet Limited (ASX: WEB)

The Webjet share price is up 3.5% to $5.51. This gain appears to have been driven by optimism that the Omicron variant of COVID-19 won’t be as bad as first feared. This would be good news for travel markets, which the new variant threatened to derail.

Zip Co Ltd (ASX: Z1P)

The Zip share price is up 8% to $4.65 after releasing an update on its performance in November. The buy now pay later provider was on form again last month, delivering record monthly transaction volume of $906.5 million. This represents an increase of 52% or $310.5 million over the prior corresponding period and annualises at over $10 billion. Zip advised that this was underpinned by an 86% lift in transaction numbers to a record of 7.5 million and a 71% jump in customer numbers to 9.2 million.

The post Why Bank of Queensland, Imugene, Webjet, and Zip shares are pushing higher appeared first on The Motley Fool Australia.

More reading

• Imugene share price (ASX:IMU) pops 5% in cancer trial update
• Here’s why ASX 200 travel shares are taking off today
• Why the Bank of Queensland (ASX:BOQ) share price is racing 5% higher today
• ASX 200 (ASX:XJO) midday update: Zip update impresses, BOQ rises
• Zip (ASX:Z1P) share price jumps 9% after hitting $10 billion milestone in November

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. owns shares of and has recommended ZIPCOLTD FPO. The Motley Fool Australia 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 Chalice Mining Ltd (ASX: CHN) share price is struggling today, despite no price-sensitive news having been released by the company.

However, it did provide the market with a non-price sensitive update on the demerger of its Australian gold assets.

At the time of writing, the Chalice Mining share price is $9.06, 0.06% lower than its previous close.

For context, the S&P/ASX 200 Index (ASX: XJO) is currently up 0.65%.

Let’s take a closer look at the latest news out of Chalice Mining.

Chalice Mining share price slips despite demerger update

The Chalice Mining share price is sliding amid news that the company’s spin-out, Falcon Metals Ltd’s initial public offering (IPO) has closed oversubscribed.

The IPO saw $30 million raised. It comprised of a priority offer for the parent company’s shareholders and a shortfall offer.

The offers saw 60 million Falcon shares sold for 50 cents apiece.

The parent company will also be issuing Falcon shares through a pro-rata in-specie distribution.

Shareholders will receive 1 Falcon share for every 3.034 (approximately) Chalice Mining shares held on 13 December.

At the offer price, assuming no additional shares are issued and no options exercised, the company is expected to have a market capitalisation of around $88.5 million upon listing.

Chalice Mining noted that the oversubscribed offer will see Falcon in a strong cash position when it floats on the ASX.

Falcon is now expected to float on 22 December under the ticker FAL.

It will hold the Pyramid Hill Project, Viking Project, and the Mount Jackson Project.

Its parent company today stated it will have a “unique platform to make a tier 1 gold discovery in Victoria and Western Australia”, with drilling activities expected to begin at Pyramid Hill in early 2022.

The demerger’s expected to help Chalice Mining focus on its Julimar Nickel-Copper-PGE Project.

Right now, the Chalice Mining share price is 110% higher than it was at the start of 2021. It has also gained 4.1% since this time last month.

The post Here’s why the Chalice Mining (ASX:CHN) share price is in the spotlight today appeared first on The Motley Fool Australia.

More reading

• The Venture Minerals (ASX:VMS) share price is venturing 10% higher today
• Why API, Chalice Mining, GUD, and Worley shares are charging higher
• Here’s why the Chalice Mining (ASX:CHN) share price is glowing today
• These were the 5 best performing ASX shares in November
• Why Chalice Mining, CBA, Nufarm, and SEEK shares are sinking

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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