It has been an excellent day for the Green Technology Metals Ltd (ASX: GT1) share price on Tuesday.

At one stage today, the Canada-based lithium explorer’s shares were up as much as 30% to a record high of 68 cents.

The Green Technology Metals share price has since pulled back a touch but remains up 18% to 61.5 cents currently.

Why is the Green Technology Metals share price rocketing higher?

Investors have been bidding the Green Technology Metals share price higher today amid optimism over impending drilling results.

The company recently announced the commencement of drilling activities at the North Aubry deposit within its Seymour Project in Ontario, Canada.

This Phase 1 program comprises a planned 11 holes for approximately 3,500m and is designed to evaluate both along-strike and up to 150m down-dip extensions of the Aubry North deposit that are currently open and untested.

Management notes that examples of these extensional targets include the final step-out drill hole at North Aubry under its previous owner, Ardiden Limited, which returned 40m @ 2.4% Li2O.

And while completion of the Phase 1 drilling at Seymour is scheduled for March, the company revealed on social media that it is expediting some assays. This could mean early to mid January the company will give investors a taste of what’s to come from the full drilling results.

Management certainly appears optimistic on its prospects at the Seymour Project.

In December, Chief Executive Officer Luke Cox commented: “We are excited to be commencing drilling at Seymour so rapidly. This outcome is a direct result of what has been achieved by both our Canadian and Australian operational and technical personnel in recent months.”

“Our aspirations for the Seymour Project are substantial and clear – and we deeply believe in the significant exploration upside to underwrite them. Building lasting local partnerships, testing our advanced exploration model, and generating shareholder value in doing so, is our immediate focus there,” he added.

The post The Green Technology Metals (ASX:GT1) share price jumped 30% to a record high today appeared first on The Motley Fool Australia.

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• Here’s why the Tesla (NASDAQ:TSLA) share price soared 13% overnight
• Why is the Imugene (ASX:IMU) share price up 8% today?
• This just caused the Straker Translations (ASX:STG) share price to leap 9%

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 Northern Star Resources Ltd (ASX: NST) share price is having a poor start to 2022, plunging lower on its first day back.

The dip follows on from a 2% gain on New Year’s Eve and follows the price of gold’s recent slip.

At the time of writing, the Northern Star share price is $9.32, 0.9% lower than its previous close.

For context, the S&P/ASX 200 Index (ASX: XJO) is currently recording a 1.54% gain while the All Ordinaries Index (ASX: XAO) is up 1.49%.

Let’s take a closer look at what might be going on with Northern Star and its peers today.

What’s weighing on the Northern Star share price?

The spot price of gold is gaining on Tuesday. According to data from CNBC, it is currently trading at US$1,803.20 an ounce – a 0.1% gain.

However, it tumbled yesterday to close at US$1,800.10 per ounce, 1.44% lower than it was at the end of 2021.

Overnight, Reuters reported gold’s dip is likely due to rising bond yields and equities. Thus, the metal’s attractive position as a haven from volatility may have lost its shine.

Of course, today is the first day the ASX is trading since New Year’s Eve. Therefore, the yellow metal’s spot price might be dragging on the Northern Star Resources share price.

Fortunately (or, unfortunately), the gold miner isn’t alone in the red.

The ASX 200 is being weighed down by the metal’s producers on Tuesday. St Barbara Ltd (ASX: SBM) is the index’s second worst performer, while Ramelius Resources Limited‘s (ASX: RMS) is only just behind it.

They’ve seen their share prices tumble 3.2% and 2.5% respectively.

Meanwhile, the S&P/ASX All Ordinaries Gold (ASX: XGD) index has slipped 0.43%.

Today’s dip sees the Northern Star share price trading 29% lower than it was this time last year.

The post Why is the Northern Star (ASX:NST) share price having such an unhappy new year? 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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The Tesla Inc (NASDAQ: TSLA) share price caught a strong updraft overnight, flying 13.5% higher during the Monday night session.

After the dust had settled on United States equities, the electric vehicle (EV) manufacturer had reclaimed a US$1,200 share price. As a result, the company is a mere 4% gain away from setting a new 52-week high.

Sudden exuberance flowed into Tesla shares overnight after the EV giant released its fourth-quarter production and delivery numbers over the weekend. Remarkably, the carmaker managed to far exceed delivery expectations, creating heightened optimism towards the Tesla share price last night.

Record breaker for deliveries

Shocking both Wall Street analysts and Tesla bulls, Elon Musk and his team achieved Q4 2021 delivery numbers of 308,600. This number represented a 71% increase in deliveries compared to the prior corresponding period. Prior to the announcement, analyst estimates were for 267,000 deliveries in Q4.

Additionally, the final quarter numbers brought the company’s 2021 year total to 936,172 deliveries. Positively, this reflected a rise of 87% compared to the previous year’s number. Investors reacted to the news by bidding the Tesla share price higher last night.

The impressive figures mark the sixth consecutive quarter in which Tesla has posted record deliveries. This is despite the EV maker contesting with chip shortages in recent times.

Tesla’s quarterly delivery numbers have swayed analyst price targets following the press release. At least eight of 41 analysts covering the company have revised their targets upwards. One of which was Emmanual Rosner of Deutsche Bank, increasing his target to US$1,200 from US$1,000.

What’s next for the Tesla share price?

For Tesla, production and delivery numbers are a precursor to the company’s earnings report. Shareholders will be watching keenly over the coming weeks as Tesla gets set to post its official financials for the fourth quarter.

These financials will provide the market with additional insights into Tesla’s profitability, as well as the growth of other business segments. According to analyst consensus, the company is expected to post earnings per share (EPS) of US$1.94.

The post Here’s why the Tesla (NASDAQ:TSLA) share price soared 13% overnight appeared first on The Motley Fool Australia.

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Motley Fool contributor Mitchell Lawler owns Tesla. 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 Imugene Limited (ASX: IMU) share price is climbing today following a development in the company’s latest clinical trial.

The biotech company announced it had completed another leg in its trial for the treatment of lung cancer. It has also revealed the treatment’s effectiveness in ridding one patient’s tumour entirely.

At time of writing, the Imugene share price is up 8% at 43 cents.

Phase 1a dose escalation completed

At its core, the Sydney-based biotech company is committed to developing cancer immunotherapy medicines, mainly for gastric and breast cancer.

However, its B-cell activating immunotherapy, called PD1-Vaxx, is now being trialled in the treatment of non-small cell lung cancer (NSCLC).

In the announcement fuelling the Imugene share price today, the company says the drug has completed its phase 1a mono therapy dose escalation, and will now proceed to a ‘combination’ dose escalation.

The trial has been conducted in patients who had progressed on one or more immune checkpoint inhibitors (ICIs), the company said.

Imugene managing director and chief executive officer Leslie Chong said:

I am encouraged that we are seeing positive signals at such an early stage of our PD1-Vaxx phase I trial and we are now progressing to the phase 1b combination studies in treatment naive patients.

Our phase 1a trial has been open 12 months and I’m pleased with both the pace of development and the early responses seen. It’s particularly gratifying to have followed a patient in the trial for over 12 months where their tumour burden has been reduced to zero.

Imugene share price snapshot

The Imugene share price has seen a dramatic year, increasing by 300% over the course of 2021. In fact, the Imugene share price was one of the best performing biotech shares of 2021, as it progressed with a number of drugs in its clinical portfolio.

The company saw its 52-week-high in November. This coincided with the announcement of a partnership with Eureka Therapeutics and a new clinical supply agreement with Merck KGaA (ETR: MRK) and Pfizer Inc (NYSE: PFE).

The biotech company has a market capitalisation of almost $2.5 billion and more than 5 billion shares issued.

The post Why is the Imugene (ASX:IMU) share price up 8% today? appeared first on The Motley Fool Australia.

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Motley Fool contributor Alice de Bruin 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 Straker Translations Ltd (ASX: STG) share price is on a sharp rebound for the beginning of 2022. This comes after the company announced an acquisition to expand its presence in the multi-billion-dollar European translation market.

At the time of writing, Straker shares are zipping 8.71% higher to $1.685 apiece.

Straker to acquire IDEST

Investors are fighting to get a hold of the Straker share price after the company revealed its latest move.

According to this morning’s release, Straker advised it plans to purchase traditional translation provider, IDEST.

Based in Belgium, IDEST specialises in serving international institutions such as the United Nations and European Commission. Notably, the company has been supplying its services to these organisations for more than two decades.

The binding agreement will see Straker acquire IDEST shares for an initial consideration of €1.75 million (A$2.75 million). This will comprise €1.5 million (A$2.36 million) in cash and €250,000 (A$392,000) in shares at transaction completion. Straker shares will be at an issue price of $1.48 per ordinary share.

In addition, Straker will pay a deferred consideration to IDEST’s vendors of up to €2.5million (A$3.93 million) in cash over two years. However, this is provided that the newly-acquired business meets revenue growth targets that have been set out.

Straker highlighted that buying IDEST opens the largest translation market in Europe through its established relationships with leading global institutions.

Straker CEO, Grant Straker touched on the company’s latest deal, saying:

We have been talking to IDEST for several years as we recognised the strong standing, they have with global institutions and that their long experience and our technology solutions and global reach would be of value to their customers.

It’s fantastic that the stars have aligned to enable this transaction and for us to build on the great work of the founders over the past 30 years.

We have recently setup an office in Amsterdam and combined with IDEST in Brussels will give us a very strong offering in the Benelux region.

Straker share price summary

Over the past 12 months, the Straker share price is up 16%, with these gains coming from the last week. The company’s shares have noticeably been treading higher since 23 December.

Based on valuation grounds, Straker commands a market capitalisation of roughly $113.76 million, with 67.51 million shares outstanding.

The post This just caused the Straker Translations (ASX:STG) share price to leap 9% 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 recommended Straker Translations. 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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With most brokers still taking a well-earned break, broker notes are few and far between at present.

In light of this, listed below are a few recent broker recommendations that remain very relevant today. Here’s are three ASX shares rated as buys:

Accent Group Ltd (ASX: AX1)

According to a note out of UBS, its analysts have put a buy rating and $3.00 price target on this footwear retailer’s shares. UBS is bullish on Accent due to its positive long term outlook which is being underpinned by the expansion of its store network across numerous brands. The broker is expecting operating leverage to support its earnings growth in the future as its network grows. The Accent share price is trading at $2.45 on Tuesday.

CSL Limited (ASX: CSL)

A note out of Citi reveals that its analysts have put a buy rating and $340.00 price target on this biotherapeutics giant’s shares. The broker made the move in response to CSL’s acquisition of Vifor Pharma for ~US$17 billion. Citi appears supportive of the acquisition and expects it to be accretive to CSL’s earnings. Its analysts also highlight that management presented the transaction as being strategically aligned with the existing business. The CSL share price is fetching $293.11 today.

Newcrest Mining Ltd (ASX: NCM)

Analysts at UBS also have a buy rating and $27.00 price target on this gold miner’s shares. According to the note, the broker has lifted its long term gold price estimate to US$1,500 an ounce. Combined with its belief that Newcrest is better positioned for growth than some of its peers due to M&A and reinvestments, it feels this makes it a good option for investors looking for exposure to gold. The Newcrest share price is trading at $24.50 on Tuesday afternoon.

The post Leading brokers name 3 ASX shares to 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. owns and has recommended CSL Ltd. The Motley Fool Australia has recommended Accent Group. 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 Pilbara Minerals Ltd (ASX: PLS) share price seems to be the gift that just keeps on giving to its shareholders.

As we covered this morning, Pilbara ended up claiming the crown of the S&P/ASX 200 Index‘s (ASX: XJO) best performing share of 2021. Beating out Lynas Rare Earths Ltd (ASX: LYC) and GrainCorp Ltd (ASX: GNC), Pilbara shares gave investors a very pleasing 268% gain last year.

But that gain could just be the start for Pilbara, going by what is happening today. At the time of writing, Pilbara Minerals shares are up a whopping 7.19% at $3.43 a share. That comes after the company hit a new all-time high of $3.50 a share earlier this morning. Its gains over the past 12 months now stand at 295.4%.

So what’s up with Pilbara’s massive appreciation today?

Pilbara share price spikes, should investors thank Tesla?

Well, unfortunately, it’s not entirely clear. There has been no official news or announcements out of Pilbara so far this Tuesday. Or any other official developments to speak of.

However, there is one possible reason why investors are flocking to Pilbara shares today. And that would be Tesla Inc (NASDAQ: TSLA), the US electric battery and vehicle manufacturer headed by Elon Musk.

Overnight (our time), Tesla shares exploded higher, climbing a hefty 13.53% to US$1,199.78 a share. The catalyst for this explosive move was the company’s fourth-quarter vehicle delivery numbers. As our Fool colleagues over in the US reported this morning, Tesla delivered a record 308,600 vehicles over its fourth quarter, a healthy 71% year-on-year growth rate. That was a significant beat on the 263,000 average analyst forecast.

Now, you might be wondering what Tesla’s vehicle deliveries have to do with Pilbara Minerals. Well, Pilbara is in the business of lithium processing. And lithium happens to be the primary ingredient in the batteries that power Tesla vehicles. It’s possible that Tesla’s delivery numbers overnight have been taken as a huge boost for lithium companies like Pilbara, and are what’s behind this dramatic shift in sentiment for Pilbara shares.

Or it could just be that investors are banking on more of the same from Pilbara after the company’s stellar 2021. Whatever the reason, this company has had one of the best starts to 2022 on the ASX boards thus far. No doubt shareholders will be hoping that Pilbara keeps it coming.

At the current Pilbara Minerals share price, this ASX 200 lithium company has a market capitalisation of $10.3 billion.

The post Happy new high! Pilbara Minerals (ASX:PLS) share price up another 7% appeared first on The Motley Fool Australia.

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Motley Fool contributor Sebastian Bowen owns Tesla. 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 Neometals Limited (ASX: NMT) share price is leading the majors today, trading 16% higher at $1.65 apiece.

While there’s been no price sensitive information out of Neometals’ corner today, investors have been riding the wave of momentum in its share price since late December.

After a collection of announcements, the Neometals share price closed the year almost 500% in the green at $1.42, jumping 40% in the final days of December alone.

Why is the Neometals share price charging higher today?

There’s nothing remarkable out of Neometals’ camp today although it seems momentum from the final session of 2021 is spilling over into the new year.

Early in the session today, the volume of Neometals shares traded is already at 123% of its 4-week average – and that figure has been climbing rapidly too.

Last week, investors reacted well to an announcement from the company regarding Primobius, its 50/50 joint venture (JV) with SMS group GmbH.

The company advised its JV has executed binding option and licensing agreements with Stelco, a subsidiary of Stelco Holdings Inc (TSX: STLC), a Canadian steelmaking company listed on the Toronto Stock Exchange.

Stelco is a leading supplier of steel to automotive markets and consumes scrap as part of its steel manufacturing process.

Neometals reckons the venture “presents the perfect opportunity for Primobius to enter the North American market as partners”.

The group had already entered into an agreement earlier in 2021 to evaluate lithium-ion battery recycling operations.

After reaching binding formal arrangements, Primobius has exclusively licensed its battery recycling technology to a special purpose vehicle (SPV) focused on end-of-life vehicle battery processing.

Primobius can also acquire a 25-50% equity stake in the SPV under certain stipulations through another option agreement.

Neometals claims the venture will help meet the demand for an anticipated surge in end-of-life electric vehicle batteries originating from the ”world’s fastest-growing cell making jurisdiction”.

Managing director Chris Reed said the company was “understandably excited” by Primobius’ commercial progress.

Neometals share price snapshot

The Neometals share price finished the year up more than 500% over the past 12 months and is now up almost 43% in the last single-month period.

Investors have latched onto the company this past week and have spiked shares more than 52% in that time.

The post Why is the Neometals (ASX:NMT) share price rocketing 16% today? appeared first on The Motley Fool Australia.

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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 Podium Minerals Ltd (ASX: POD) share price is off to the races today.

At time of writing, shares in the ASX resource explorer are up more than 12%, having earlier posted gains of 20%.

Below we take a look at the latest drilling results that look to be stoking ASX investor interest.

What drilling results were announced?

Kicking of the new year on a high note, the Podium Minerals share price is surging after the company reported promising drill results at its 100% owned Parks Reef PGM (platinum group metals) project in Western Australia, alongside the appointment of its new chief executive officer.

Podium completed 2 of the 3 diamond drill holes it plans to test Parks Reef before Christmas. Cores from the 500 metre deep holes are now in Perth with preliminary lithological logging completed.

According to the release, initial core observations indicate both holes intersected “sulphide bearing stratigraphy of the layered intrusion”. Podium said that visual analysis provides it with additional confidence that mineralisation is continuing to significant depth.

Commenting on the results, newly appointed CEO Sam Rodda, who officially took the helm on 1 January, said:

This is a very exciting outcome for Podium, with the Stage 8 drilling so far confirming continuity of Parks Reef at depth and that it remains steeply dipping. This drill program has provided further confidence that we have yet to find the limits of the orebody at depth.

We intend to pursue an aggressive exploration strategy aimed at growing our resource base and also testing our orebody for rhodium and iridium to include the full 5E PGM suite of minerals in future resource estimate updates.

Podium Minerals share price snapshot

Podium Minerals shares have stormed higher over the past 12 months, gaining 232%. That compares to a 12 month gain of 13% posted by the All Ordinaries Index (ASX: XAO).

Over the past month, the Podium Minerals share price is up 13%.

The post Up 232% in 1-year, why is the Podium Minerals (ASX:POD) share price rocketing today? appeared first on The Motley Fool Australia.

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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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There are a number of ASX tech shares that have exciting potential for growth over the coming years.

Some businesses are exposed to growth trends that are helping certain sectors power ahead.

With that in mind, here are two ASX tech shares with potential:

VanEck Vectors Video Gaming and eSports ETF (ASX: ESPO)

This investment is an exchanged-traded fund (ETF) which is invested in global gaming and e-sports businesses.

Some of the holdings that readers may have heard of includes Tencent, Nvidia, Nintendo, Activision Blizzard, Electronic Arts, Take-Two Interactive, Bandai Namco, Ubisoft, Zynga and Capcom. There are were a total of 25 holdings at the end of 2021.

Gaming earnings are generated across the world. Newzoo was expecting the Asia-Pacific region to generate gaming revenue of US$78.4 billion in 2020, accounting for around half of the global games market. The Middle East and Africa region was expected to be the fastest-growing market in 2020, with 14.5% year on year growth to reach US$5.4 billion.

By 2023, the competitive gaming audience is expected to reach 646 million people globally. E-sports revenue has seen an average increase of revenue of 28% per annum since 2015 according to VanEck. This is coming about from fast growth, as well as new revenue streams like advertising and media rights.

This ASX tech share ETF has an annual management fee of 0.55%.

Nextdc Ltd (ASX: NXT)

Nextdc is Australia’s largest data centre business, with operations in each of Australia’s largest cities, and plans for more centres.

It’s rated as a buy by several brokers, including Macquarie Group Ltd (ASX: MQG), which has a price target of $16.10 on the business. This price target suggest upside of around 25% over the next year, if the broker is right.

Both the broker and management are focused on the opportunity for the ASX tech share to expand its digital infrastructure platform into new locations. Nextdc is progressing its regional expansion plans and diversify by going to ‘edge’ locations in regional communities where demand is “expected to continue surging over many years”

One growth avenue is a new regional development in partnership with the Northern Territory Government to develop its first data centre in Darwin, D1. Macquarie thinks that these edge data centres could earn higher yields.

In FY22, the company is expecting data centre service revenue to increase between 16% to 20%, with earnings before interest, tax, depreciation and amortisation (EBITDA) growth of between 19% to 23%.

The post 2 exciting ASX tech shares that could be buys 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 has recommended VanEck Vectors ETF Trust – VanEck Vectors Video Gaming and eSports ETF. 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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