The Regis Healthcare Ltd (ASX: REG) share price is having a woeful day on the ASX boards today. This comes after the aged care operator released a statement regarding potential employee underpayments.

At the time of writing, Regis shares are being heavily sold off as a result, down 8.10% to $1.93.

Regis flags employee underpayments

In its notice, Regis advised it has identified possible underpayments made to current and former employees under its enterprise agreements. These payments relate specifically to employee entitlements.

The company blamed the miscalculation on inaccurate entries on its payroll system which has affected a number of workers.

To correct the issue, Regis is working with external auditors to commence a review and determine the amount underpaid. It noted that the process requires an extensive analysis of complex enterprise agreements and historical employee entitlement and payroll data.

Based on preliminary estimates, Regis is expecting potential underpayments to be in the range of $30 million to $40 million. This is taking into consideration the past 6 years of both current and past employees.

Regis managing director and CEO, Dr Linda Mellors said:

While we are deeply disappointed this has occurred, our priority is to identify the amounts owed to our people and paying those amounts as soon as our review is complete. We are also upgrading our payroll system and improving internal processes to mitigate the risk of such issues recurring. Our Board is meeting regularly to monitor progress and ensure remediation occurs in a timely manner. I would like to offer my apologies to our people affected by this issue.

The impact to Regis’ profit before income tax for FY21 is forecasted to be between $6 million and $7 million. The remaining amount is set to be recorded as a prior period restatement in accordance with Australian Accounting Standard AASB.

In addition, the company stated that it is upgrading its payroll system and improving internal processes in the meantime. Employee entitlement underpayments are projected to be minimal in the 2022 financial year.

About the Regis share price

Over the last 12 months, Regis shares have gained around 40% for shareholders. However, year-to-date remains relatively flat, up 3%.

On valuation grounds, Regis presides a market capitalisation of roughly $576 million, with approximately 300 million shares on issue.

The post Regis Healthcare (ASX:REG) share price dives 8% on potential $40m underpayment appeared first on The Motley Fool Australia.

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• Here’s why the Vital Metals (ASX:VML) share price is flying today
• Webjet (ASX:WEB) share price tumbles: Is this a buying opportunity?
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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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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a small gain. At the time of writing, the benchmark index is up 0.1% to 7,544.9 points.

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

Family Zone Cyber Safety Ltd (ASX: FZO)

The Family Zone share price has jumped 16% to 70 cents. Investors have been buying the cyber safety company’s shares following the completion of an institutional placement. Family Zone has received binding commitments to raise $114.1 million at a price of $0.55 per new share. These funds will be used to fund the upfront consideration for the acquisition of UK based K-12 digital safety solutions provider Smoothwall.

Insurance Australia Group Ltd (ASX: IAG)

The IAG share price is up 5% to $5.24. This morning the insurance giant announced changes to its board. This will see the company’s Chair, Elizabeth Bryan, retire at its annual general meeting in October. She will be succeeded by Tom Pockett. However, the catalyst for today’s gain isn’t likely to be this. It is more likely to have been driven by a strong result by an insurance rival this morning.

Latitude Group Holdings Ltd (ASX: LFS)

The Latitude share price is up 5% to $2.40. Investors have been buying the instalments and lending company’s shares after it announced an agreement to acquire Symple Loans for $200 million in shares and cash. Symple is a Melbourne-based personal lending fintech. It uses state-of-the-art global technologies, advanced analytics, and proprietary risk-based pricing techniques to deliver simple digital experiences to customers and brokers, fast approvals, and same-day settlements.

Suncorp Group Ltd (ASX: SUN)

The Suncorp share price has jumped 8% to $12.84. The catalyst for this was the release of a strong full year result this morning. For the 12 months ended 30 June, the insurance giant reported a 42.1% increase in cash earnings to $1,064 million. This compares favourably to Goldman Sachs’ estimate of $1,005 million. This strong form allowed Suncorp to declare a special dividend and announce a $250 million on-market share buyback.

The post Why Family Zone, IAG, Latitude, & Suncorp shares are charging higher 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 Insurance Australia 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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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.

The second quarter earnings season wasn’t kind to Amazon.com (NASDAQ: AMZN) shareholders, with shares plunging about 7% the following day. After a boom year in 2020 amid the pandemic, it appears investors are less enthused with Amazon during the reopening, with the stock up just 3.7% on the year, versus a 19% gain for the S&P 500.

Though revenue grew a healthy 27.2% last quarter, that solid growth figure missed analyst expectations. Now that the reopening has begun, Amazon is seeing a deceleration in its core e-commerce offerings.

But while e-commerce is decelerating, Amazon’s smaller but higher-profit segments are booming: Amazon Web Services (AWS) and digital advertising. In fact, if you strip out just those two segments, you could make a case that they are worth as much as Amazon’s entire market cap right now; so even though e-commerce is slowing in the near-term, investors may be getting it pretty much for free.

Cloud and digital advertising: high-growth, high margins

In the second quarter, AWS accelerated 37% to $14.8 billion, up from 32% growth in the first quarter and the highest growth rate since before the pandemic. AWS is Amazon’s highest-margin segment — at least the highest that it discloses, with operating margins coming in at 29.4% over the past 12 months.

Meanwhile, Amazon’s “other” category, which consists mostly of digital advertising, surged a whopping 83% to over $7.9 billion. Amazon doesn’t disclose the profit margin it makes on advertising; however, large-scale rivals Alphabet and Facebook garnered ad services margins of 39.1% and 43% last quarter, respectively. Given how close Amazon’s ads are to making a purchase on its platform, It wouldn’t be unreasonable to assume Amazon’s digital ads business is just as profitable as these other platforms.

Looking at these two segments’ current revenues, AWS is on a $60 billion run-rate, and advertising about a $32 billion run-rate. Assuming 30% operating margins for each (which is possibly conservative for ads), and these segments would generate about $18.5 billion and $10 billion in operating income, respectively; with a 20% tax rate, net profits would be $15 billion and $8 billion.

As stand-alone businesses, it would not be crazy to value AWS at, say, at least 50 times earnings or even more, especially with the 10-year treasury bond yielding around 1.3%. Given AWS’ wide moat, the oligopolistic cloud infrastructure industry, and a clear decade of strong growth ahead of it, one could make the case of giving AWS the same earnings yield as no-growth U.S. treasuries, which would equate to a 77 PE ratio (100/1.3%). If one were to value AWS at 50 times run-rate earnings, that would make it worth $750 billion. At 75 times earnings, that would be a valuation of $1.125 billion.

Meanwhile, Amazon’s advertising business would also garner a pretty hefty multiple, especially given its eye-popping 83% growth rate. Last quarter, both Alphabet and Facebook also reported strong ad growth of 68% and 56%, respectively. However, lapping the first quarter of COVID lockdowns tends to obscure things. Interestingly, prior to the pandemic, Amazon’s ad business appeared to be on a stronger trajectory, logging 44% growth in Q1 2020, versus just 10.4% for Google and 17.6% from Facebook in that quarter.

Google and Facebook tend to trade at a high 20s or low 30s PE ratio, so it’s not crazy to think Amazon’s ad business could garner a 50 multiple or higher, given the higher-growth trajectory. If so, that could make Amazon’s ad business worth $400 billion to $500 billion.

Amazon’s $1.7 trillion valuation seems cheap in retrospect

If one applies these valuation multiples to AWS and advertising, it adds up to anywhere between $1.2 trillion and $1.6 trillion. Meanwhile, all of Amazon is valued at just under $1.7 trillion today.

The world’s leading e-commerce platform, with its captive, expanding base of Prime subscribers, leading fulfillment capabilities for third party sellers, and one-day delivery capabilities, is probably worth a lot more than just $100-$200 billion. And let’s not forget a number of other initiatives going on with grocery, cashier-less checkout, shipping for third parties, a growing pharmacy and healthcare business, and new technologies we probably don’t even know about.

The bottom line is, after a year of pretty much doing nothing, Amazon’s lagging stock is starting to look quite cheap again.

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

The post Amazon investors are getting its e-commerce business for free appeared first on The Motley Fool Australia.

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Billy Duberstein owns shares of Alphabet (C shares), Amazon, and Facebook and has the following options: short August 2021 $250 puts on Facebook. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to its CEO, Mark Zuckerberg, is a member of The Motley Fool’s board of directors. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Alphabet (A shares), Alphabet (C shares), Amazon, and Facebook. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended the following options: long January 2022 $1,920 calls on Amazon and short January 2022 $1,940 calls on Amazon. The Motley Fool Australia has recommended Alphabet (A shares), Alphabet (C shares), Amazon, and Facebook. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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

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The Vital Metals Limited (ASX: VML) share price has been busy this past week.

Shares in the rare earth miner have soared more than 30% since last Monday.

Vital Metals continued the positive momentum today, after releasing a promising update.

Here’s what the company had to announce.

Vital Metals share price surges on US capital markets expansion

The Vital Metals share price has surged today after the company announced its intention to expand into US capital markets.

In its market update, the company informed shareholders that it has engaged a consulting and advisory service.

To that end, Vital Metals noted it has signed an agreement with Ecoban Securities Corporation, specifically with its listing arm Tectonic.

The agreement will see Tectonic serve as the company’s North American investor relations and capital markets consultant and advisor.

Under the agreement, Tectonic will perform a range of services for the promotion and management of securities in Vital Metals.

Vital Metals informed investors that expansion into US capital markets follows the success of its operations at its Nechalacho rare earth project in Canada’s Northwest Territories.

As part of the agreement, the company will issue 10,000,000 3-year unlisted options to Tectonic.

These options will have an exercise price of $0.07 and are subject to various vesting conditions being met.

Tectonic will be familiar to many Vital Metals shareholders. The company assisted the rare earth miner with its $43 million capital raise earlier this year.

More on Vital Metals

Vital Metals is a mining explorer and developer focusing on rare earths, technology metals and gold projects. The company’s flagship projects include the Nechalacho Rare Earth Project and its Wigu Hill project in Tanzania.

Last week, Vital Metals provided a couple of updates on its Nechalacho project.

Last Tuesday, the company first reported outstanding first-pass assay results from the project. Vital Metals highlighted thick zones of mineralisation with total rare earth oxides (TREO) grades above 2%.

This was followed by a production update late last week.

Vital Metals noted that drilling results had intersected high-grade rare earth oxide (REO) mineralisation in the northern wall of the Nechalacho project.

As a result, the company highlighted the potential expansion of the pit beyond the existing mine plan.

At the time of writing, the Vital Metals share price is trading more than 5% higher at 6.1 cents.

Shares in the rare earth miner were up more than 8% earlier, having hit an intra-day high of 6.3 cents.

The post Here’s why the Vital Metals (ASX:VML) share price is flying today appeared first on The Motley Fool Australia.

More reading

• Vital Metals (ASX:VML) share price leaps 6% on production update
• Here’s why the Vital Metals (ASX:VML) share price is flying higher today

Motley Fool contributor Nikhil Gangaram 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 started the week in the red.

In afternoon trade, the online travel agent’s shares are down 2.5% to $5.08.

This latest decline means the Webjet share price is now down 20% from its March high.

Why is the Webjet share price dropping?

The weakness in the Webjet share price today comes despite there being no news out of the company.

However, potentially weighing on its shares today was a broker note out of Macquarie Group Ltd (ASX: MQG) relating to rival Flight Centre Travel Group Ltd (ASX: FLT).

According to that note, the broker has downgraded Flight Centre’s shares to a neutral rating and cut the price target on them by 11% to $15.50.

That note reveals that Macquarie has pushed back its earnings recovery estimate for Flight Centre by six to nine months due to recent lockdowns in Australia following the outbreak of the COVID-19 Delta variant.

It suspects that Flight Centre’s total transaction value (TTV) will now only reach 65% of FY 2019 levels in 2023. This compares to its previous expectation of hitting 80% at that point.

One positive, though, is that corporate demand remains robust thanks to the government and mining sectors.

Is Webjet’s weakness a buying opportunity for investors?

Despite downgrading Flight Centre, Macquarie hasn’t made any changes to its Webjet recommendation at this stage.

It currently has an outperform rating and $6.35 price target on the company’s shares. Based on the current Webjet share price, this implies potential upside of 25% over the next 12 months.

Another broker that might see the weakness in the Webjet share price as a buying opportunity is UBS.

Late last month it put a buy rating and $5.90 price target on its shares. Its analysts see the company as a top re-opening option for investors.

The post Webjet (ASX:WEB) share price tumbles: Is this a buying opportunity? 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 Australia has recommended Flight Centre Travel Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Motley Fool Australia Chief Investment Officer Scott Phillips joined Nine’s Late News on Sunday night to discuss Telstra Corporation Ltd (ASX: TLS), Transurban Group (ASX: TCL) and Commonwealth Bank of Australia (ASX: CBA) earnings, plus upcoming economic data on Business and Consumer Confidence.

The post The economy and ASX earnings in focus. Scott Phillips on Nine’s Late News appeared first on The Motley Fool Australia.

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Motley Fool contributor Scott Phillips owns shares of Telstra Corporation 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 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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The Woolworths Group Ltd (ASX: WOW) share price slumped from its intraday high this morning amid news of a system outage.

Woolworths’ website and app crashed this morning, with customers unable to access either between 7:30 and 10:30 am. Woolworths announced the outage occurred and had been resolved at 11 am.

Right now, the Woolworths share price is $40.14. That’s 0.22% higher than its previous close.

However, it crashed from its intraday high of $40.33 to $40.00 at around midday before rebounding.

Let’s take a closer look at the outage that irritated Woolies customers this morning.

Woolworths’ online order outage

The Woolworths share price slipped to below its previous closing price earlier this morning amid news the supermarket’s website and app had both crashed for multiple hours.

Some shoppers inconvenienced by the outage took to Twitter to ask if the platforms were malfunctioning.

I am wondering if the Woolworths app has died and I'm going to miss the pick up window. No notifications #lockdownnsw #woolworthsaustralia @woolworths

— Mrs Boogooloo Watts (Rādhikā) (@MrsBoogooloo) August 8, 2021

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Woolworths later tweeted the issue was widespread, and its team was working on restoring its platforms.

Technical issues are impacting our website & mobile apps. Our team is working to get our systems back up & running. We know online services are playing a key role supporting many customers right now and we’re sorry for the inconvenience. More here: https://t.co/9MgGyyciI8

— Woolworths (@woolworths) August 9, 2021

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According to Woolworths, online orders placed before the outage have now been dispatched. However, those placed to be delivered this afternoon and this evening may be delayed.

A Woolworths spokesperson commented on the malfunction, saying:

We know our online services are playing a key role supporting the essential needs of many customers across the country right now. 

We’re very sorry for the inconvenience the outage caused our customers this morning and thank them for their patience as we worked to resolve it as quickly as possible.

Woolworths is still unsure what caused the outage. Investigations into the malfunction are ongoing.

Additionally, its unclear whether the outage was the cause of the Woolworths share price’s slump.

Last week, Woolworths’ operations manager for Western Sydney, Ian Roper, said demand for online orders from Woolworths’ supermarkets is growing, particularly in Sydney.

Woolworths share price snapshot

It’s been a good year so far for the Woolworths share price.

It has gained 18% since the start of 2021.

The post Woolworths (ASX:WOW) share price struggles after online order outage 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. owns shares of and has recommended Twitter. 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 National Australia Bank Ltd (ASX: NAB) sounded the alarm today on Australia potentially entering a recession this year.

The NAB share price appears unfazed by the forecast, currently up 1.27% to $27.03 in intraday trading.

What’s this about a second recession?

Until the COVID-19 pandemic struck in early 2020, Australia had enjoyed a world-beating run of almost 30 years without a recession.

A recession, if you’re not familiar, is when a nation’s GDP falls 2 or more quarters in a row.

Australia’s enviable growth run ended last year when lockdowns shuttered much of the business activity and GDP slipped in both the March and June quarters.

While economists are widely forecasting that GDP will retrace in the current (September) quarter, most analysts – including those at the Reserve Bank of Australia (RBA) – are expecting to see some growth for the 3 months ending 30 June.

The economics team at NAB isn’t convinced.

As the Australian Financial Review reports, the bank had been forecasting a 0.4% increase in GDP for the June quarter. That includes “a small detraction of 0.2 percentage points due to Australia’s balance of trade”.

Now, however, NAB’s director of economics and markets Tapas Strickland believes that detraction will be between 1.0–1.9%. And if that loss isn’t “made up elsewhere, [it] could see Q2 GDP flat or even potentially negative,” according to Strickland.

Noting the risk, Strickland said:

NAB is currently characterising it as a risk given we haven’t seen many other GDP partials to date. With Q3 already likely to be deeply negative, it does raise the potential for the ‘R’ word even before we get to Q4.

The bank’s gloomier forecast is based on falling export volumes in the June quarter, mostly iron ore, Australia’s top export earner. Which, as the AFR notes, NAB believes probably won’t be offset by increased inventories. That’s because production caused the slowdown, not shipping.

Whether the RBA has this one right or NAB, Australians will likely be eagerly eyeing an end to lockdowns with hopes the December quarter will see a return to growth.

NAB share price snapshot

NAB’s share price gained 54% over the past 12 months. That’s more than twice the 24% increase posted by the S&P/ASX 200 Index (ASX: XJO).

Year-to-date the NAB share price has continued its strong performance, up 18% in 2021.

The post NAB (ASX:NAB) share price lifts despite recession warning 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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The De Grey Mining Limited (ASX: DEG) share price has tanked more than 8% in Monday trading.

Shares in the mining company are deep in the red despite the company releasing promising drill results earlier this morning.

Let’s take a closer look at what the company announced and why the De Gray share price might be falling.

De Grey share price falls despite drilling extension

Earlier today, De Grey provided the market with encouraging results from its Eagle deposit at the company’s Hemi Gold Discovery in Western Australia.

According to the update, the new results show the potential to increase its Hemi mineral resource estimate (MRE).

De Grey provided drilling results after extending the footprint of its Eagle deposit by 240 metres to the west of the MRE.

For section 28000E, De Grey reported 31 metres at 3.6 grams per tonne of gold from 241 metres. In addition, the company reported strike at 81 metres at 0.5 grams per tonne of gold from 51 metres.

At section 28160E, De Grey reported 33 metres at 1.8 grams per tonne of gold from 109 metres.  

In addition, the company also reported significant results from depth and width extensions.

For section 28240E, the company reported strike at 121m at 1.1 grams per tonne at 146 metres and 21 metres at 1.7 grams per tonne at 4.4 metres.

De Grey’s General Manager of Exploration Phil Tornatora commented:

“These new results at Eagle continue to demonstrate the potential for De Grey to rapidly and cost effectively grow the footprint and depth extent of the mineral resource at Hemi and follow the results announced for Diucon in July.”

Foolish Takeaway

The West Australian miner focuses on gold exploration and development activities. De Grey has 100% ownership of the Mallina Gold Project in the Pilbara region which is also the site of its flagship Hemi Gold Project.

Late last month, the miner also reported at Hemi.

De Grey noted that drilling will continue at its Eagle and Diucon deposits to increase the confidence level of the resource estimate.

Despite today’s positive rhetoric, the De Gray share price has fallen hard in today’s session.

At the time of writing, the De Grey share price is trading 6.7% lower for the day at $1.185. Shares in the gold miner were down more than 8% earlier, after hitting an intra-day low of $1.145.

Even though De Gray’s share price is deep in the red today, shares in the mining company remain more than 16% higher for the year.

The post De Grey Mining (ASX:DEG) share price falls amid drilling extension news appeared first on The Motley Fool Australia.

More reading

• The De Grey (ASX:DEG) share price is soaring today. Here’s why

Motley Fool contributor Nikhil Gangaram 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 Core Lithium Ltd (ASX: CXO) share price won’t be going anywhere on Monday after the company requested a trading halt.

What’s the trading halt for?

The trading halt was requested on the basis of a pending capital raising announcement.

The company advised its shares will remain halted until Wednesday, 11 August or until the announcement is released to the market.

The pending capital raising comes right after the Core Lithium share price surged 14.29% last Friday to a 7-month high of 36 cents.

June quarterly activities report

According to the company’s activities report, Core Lithium had a cash and cash equivalents position of $38.18 million at the end of the June quarter.

During this period, the company delivered a number of milestones including the completion of its definitive feasibility study (DFS) for its Finniss lithium project. The study was a finalised extension scoping investigation outlining long-term lithium production plans for Finniss and secured a port operating agreement at Darwin Port.

Core Lithium has branded itself “Australia’s most advanced new lithium project on the ASX” and “at the front line of new global lithium production”.

The company is targeting construction to begin in 2H 2021 with production to commence as soon as 2H 2022.

Definitive Feasibility Study

Core Lithium believes its DFS demonstrates the Finniss Project’s economics as “compelling, with low capital costs and competitive operating costs that result in strong operating margins and rapid payback”.

The DFS highlights an average annual production of 175,000 lithium spodumene per annum with a mine life of 8 years and a payback period of 2 years.

The company is currently undergoing a stage 1 extension scoping study to increase production and add a further 2 years to mine life.

Looking ahead, the company recently announced exploration targets with the “potential to significantly add mineral resource tonnes and support further extensions and potential stage 2 expansion of Finniss”.

The post Why is the Core Lithium (ASX: CXO) share price halted? appeared first on The Motley Fool Australia.

More reading

• Why the Core Lithium (ASX:CXO) share price is charging 5% higher today
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Motley Fool contributor Kerry Sun owns shares of Core Exploration Ltd. 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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