The Deterra Royalties Ltd (ASX: DRR) share price is on the downtrend on Thursday.

At the time of writing, shares in the mining royalties company are 3.75% lower to $4.11. Today’s further share price weakness puts Deterra 8.6% below where it was a month ago.

Iron ore tumbles from its top

For those unaware, Deterra hit the ASX in October 2020 after successfully conducting a demerger from Iluka Resources Limited (ASX: ILU). Unlike many other ASX-listed companies, the way Deterra makes money is quite simplistic. Rather than selling a product or a service, it collects revenue by holding royalties on various mining tenements.

Currently, Deterra holds royalties over 5 tenements with Mining Area C (MAC) being its biggest. This tenement is one of the four hubs within the BHP Group Ltd (ASX: BHP) Western Australian Iron Ore operations. As you can imagine — it had been a good year for the royalty company as it clipped the ticket on 61.6 million wet metric tonnes of iron ore at an average realised price of $200 per tonne. However, since the end of June 2021, iron ore prices have weakened.

To illustrate, iron ore prices have traversed a cliff that began at $214 at the end of June and is now perched at $143 per tonne. Based on some rudimentary calculations, that means the price is down 33.1% in the space of a couple of months.

Unsurprisingly, this has dealt a blow to the momentum in iron ore mining shares such as BHP and Fortescue Metals Group Limited (ASX: FMG) in recent weeks. Likely investors of Deterra are now taking a closer look at what the impact on prices could mean for them.

Calculating the impact

Conveniently, Deterra included a chart in its FY21 full-year results presentation for estimating royalty revenue. Keep in mind this is specifically for the Mining Area C royalty revenue.

Essentially, revenue is a function of iron ore sales and the realised iron ore price. As an exercise, let’s run a hypothetical if output volume was to remain roughly the same but the realised price came down to ~$140 per tonne. In this case, Deterra’s revenue would likely be somewhere around $105 million.

For reference, in FY21 Deterra pulled in $145.2 million in revenue and $94.3 million in net profit after tax.

Deterra share price recap

Since listing in October 2020, the Deterra share price has fallen 10.4%. In comparison, the S&P/ASX 200 Index (ASX: XJO) has rallied 21% over the same period.

On a side note, Deterra is paying a dividend yield of 3.4% based on its dividends paid during the last financial year.

The post Deterra (ASX:DRR) share price falls on weakening iron ore prices appeared first on The Motley Fool Australia.

More reading

• Deterra (ASX:DRR) share price lifts after successful demerger
• How owning too much Afterpay (ASX:APT) was our biggest regret

Motley Fool contributor Mitchell Lawler 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 Qantas Airways Limited (ASX: QAN) share price is suffering today.

However, that might soon turn around as the airline gets closer to its expected international take-off date.

Qantas is now taking bookings for Australians to fly to Singapore, Japan, and the US from 17 December. It’s also offering Australians the chance to book flights to Fiji from 1 December.

Additionally, the Motley Fool understands Qantas is considering bringing back its Points Planes offering, which saw it operating flights exclusively for travellers paying in frequent flyer points.

Qantas also announced new inflight entertainment for those travelling on its regional routes.

Right now, the Qantas share price is $5.21, 0.76% lower than its previous close.

Let’s take a closer look at what we’ve heard from Qantas today.

Qantas may initiate international Points Planes

The Qantas share price is slipping as the airline quietly makes plans to encourage wanderlusting Australians back onto international tarmac.

Qantas has confirmed with the Motley Fool Australia that it will consider offering Points Planes destined for several international destinations once Australia’s borders reopen.

The last time Qantas offered Points Planes to its loyalty members was when the trans-Tasman bubble between Australia and New Zealand first opened. Then, Qantas offered 3 days of Points Planes. However, travellers were also able to pay cash for the seats.

The airline has also confirmed it will be increasing the number of classic flight reward seats on its international flights by 50%. That means more chances to get back overseas for those who’ve racked up their points during the pandemic.

In Qantas’ financial year 2021 report, it noted it onboarded nearly 200,000 more frequent flyers in FY21.

New inflight entertainment

Also not visibly helping the Qantas share price today is news the airline is upgrading the inflight entertainment system on its regional flights.

Travellers flying on QantasLink services will soon have access to 2,500 hours of movies and series, as well as the ability to stream content from Stan while in the air.

Qantas share price snapshot

The Qantas share price has been performing brilliantly lately. Over the last 2 weeks it has gained around 20%.

That brings its year-to-date gains to 6%. It is also now 32% higher than it was this time last year.

The post Qantas (ASX:QAN) share price falls while international ‘Points Planes’ considered appeared first on The Motley Fool Australia.

More reading

• Here’s why the Qantas (ASX:QAN) share price rallied 10% in August
• ASX 200 company bosses lobby for reopening plan
• What’s this leading broker saying about the Qantas share price?
• Why the Qantas (ASX:QAN) share price has beaten the ASX 200 in the last year
• Leading brokers name 3 ASX shares to buy 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 Bruce Jackson.

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The market may be a sea of red today but that hasn’t stopped the PolyNovo Ltd (ASX: PNV) share price from storming higher.

In afternoon trade, the medical device company’s shares are up over 5% to $2.22.

Why is the PolyNovo share price charging higher?

Today’s gain by the PolyNovo share price is a bit of a mystery given that there’s been no news out of the company since its full year results last month.

However, it is worth noting that its shares hit a 52-week low of $1.99 at the end of last week.

Some investors may believe PolyNovo’s shares were oversold and were trading at an attractive level.

Are the company’s shares good value?

One leading broker that is likely to see the weakness in the PolyNovo share price as a buying opportunity is Macquarie Group Ltd (ASX: MQG).

Last week the broker retained its outperform rating, albeit with a slightly trimmed price target of $2.70.

Based on the current PolyNovo share price, this implies potential upside of almost 22% over the next 12 months.

What did the broker say?

According to the note, PolyNovo’s full year result was a touch softer than it was expecting. However, it was encouraged by its exit rates and sees this as a positive for FY 2022.

Outside this, the broker believes PolyNovo is well-placed for growth over the long term thanks to the quality of its NovoSorb technology.

It also highlights that the company is actively looking to expand the technology’s use beyond treating burns and into other indications such as hernia repair. This could significantly increase its overall market opportunity if successful.

All in all, the broker appears to believe the risk/reward on offer with its shares is favourable at the current level and has retained its positive rating.

The post The Polynovo (ASX:PNV) share price is up 5% on Thursday appeared first on The Motley Fool Australia.

More reading

• Polynovo (ASX:PNV) share price flat as revenue grows 32% in FY21
• How did the Polynovo (ASX:PNV) share price respond last earnings season?
• These are the 10 most shorted ASX shares
• The Polynovo (ASX:PNV) share price is up 7% this month. Here’s why
• These are the 10 most shorted ASX shares

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 POLYNOVO FPO. 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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Most Australians might have at least heard of the Future Fund – Australia’s official sovereign wealth fund. But odds are it plays a very minimal role in the lives of most Australians. Let alone mental space in their investment or retirement planning.

Yet this is something we could well see in the future.

If you’re not familiar with the Future Fund, it was established in 2006 as an independently managed sovereign wealth fund. It was initially intended to help the federal government fund existing public service superannuation liabilities.

Interestingly, it was first funded with one of the government’s tranches from the sale of Telstra Corporation Ltd (ASX: TLS) shares.

What is the Future Fund?

Over the past 15 years or so, the capital in the fund has been prudently invested in growth investments by the Future Fund’s board. Just last week, we found out the Future Fund’s assets now total a whopping $196.8 billion. That was after the fund managed to bring home a 22% annual return in the 2021 financial year.

These stellar returns, the best in the Future Fund’s history, have sparked calls for a shakeup in the national superannuation retirement scheme.

This shakeup would result in the Future Fund providing superannuation services for Australians. This would be in addition to its more traditional role of strengthening the government’s long-term financial health.

These calls have come from some high places too. According to a recent report in the Australian Financial Review (AFR), Senators Andrew Bragg (Liberal) and Andrew Leigh (Labor) are both on board.

Both senators have been urging the Productivity Commission to release research that it has conducted into the performance of the Future fund against the performance of the superannuation sector.

A super Future?

Senator Bragg has reportedly already released a discussion paper on this matter. In this paper, he argued that the Future Fund should become the “default super fund for the nation’s workers”. It’s a view that’s also supported by current Future Fund chair and former treasurer Peter Costello.

“There would be huge economies of scale,” Costello told the AFR a few years ago. “The government has decided [savers’ money] should go into the super system. It could show some interest in managing it in a cost-efficient way.”

This view is backed by Senator Bragg, who also told the AFR:

I think having a simple product on the table in a compulsory system could actually be quite engaging… The Future Fund has done a good job. It hasn’t any new money for a long time and it still performs strongly. There are a lot of funds that perform very, very poorly, despite having truckloads of money coming in the door every single year.

With the government’s new Your Super, Your Future reforms recently implemented, it looks as though the government has decided on some alternative reforms for the superannuation industry at present.

But what if the Future Fund continues to deliver returns that make other super funds blush? If that happens, we can be sure this won’t be the last time we hear calls for a Future Fund super scheme.

The post Your super fund could be run by the Future Fund one day appeared first on The Motley Fool Australia.

More reading

• The Macquarie Group (ASX:MQG) share price smashed its record high on Thursday
• Which ASX 300 shares are the biggest winners and losers on Thursday?
• ‘Price makers’: 2 ASX shares to protect against inflation
• The Regis Resources (ASX:RRL) share price is falling on Thursday
• Tyro (ASX:TYR) share price edges higher as CEO calls for open borders

Motley Fool contributor Sebastian Bowen 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 Macquarie Group Ltd (ASX: MQG) share price has spent today’s session in the green.

In early trade Macquarie shares reached their all time high, touching an intraday high of $168.50 before tracing back down, where they are currently exchanging hands at $167.50 apiece.

In addition, whereas the S&P/ASX 200 index (ASX: XJO) has posted a return of 0.9% over the past month, the Macquarie Group share price is 7% in the green.

What tailwinds are behind the Macquarie Group share price?

Macquarie shares had a strong August, having climbed from a low of $155.61. That signifies an 8% gain from the record high described earlier in this article.

A positive broker note out of investment firm Morgans highlighted Macquarie’s exposure to infrastructure and alternatives as a plus for the investment case on Macquarie’s shares.

It reiterated its add rating, implying a buying opportunity, and backed this up by assigning a price target of $172.30.

In addition, the bank also issued a capital note offering that is set to inject a further $500 million in liquidity to enhance the company’s expansion opportunities. The financing is only costing Macquarie 2.9% per annum, however, the effect on its balance sheet is meaningful.

There is also positive sentiment in the ASX-listed banking basket, which may be lifting the Macquarie share price.

We can see this in two ways. Firstly, the S&P/ASX 200 Banks index (ASX: XBK) is up almost 4% over the month and around 26% over the year. That’s well ahead of the broad index.

Then when we look at the Betashares Australian Financials Sector ETF (ASX: QFN) we can see it is up 5% on the month, and also up 23% year to date.

Judging from these two indicators that serve as relevant proxy’s to gauge investor sentiment, it appears that the basket of Australian Financials sector shares, including banks like Macquarie, are exhibiting strengths across the board.

There is no market sensitive information for the company of late. Therefore, it stands to reason that investors are pushing the Macquarie Group share price higher on the back of these tailwinds.

Macquarie Group share price snapshot

The Macquarie Group share price has posted a year to date return of 21%, extending the previous 12 month’s gain of 31%.

These results have outpaced the broad index’s climb of around 25% over the past year.

The post The Macquarie Group (ASX:MQG) share price smashed its record high on Thursday appeared first on The Motley Fool Australia.

More reading

• Macquarie Bank (ASX:MQG) share price rises on build-to-rent housing plans
• Top broker picks best ASX 200 bank shares to buy coming out of reporting season
• August has been a great month for the Macquarie (ASX:MQG) share price
• The latest ASX shares to be hit by a broker downgrade
• ASX 200 Weekly Wrap: A mixed bag of earnings dominates ASX

The author Zach Bristow has no positions in any 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 Macquarie Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The S&P/ASX 300 Index (ASX: XKO) is continuing its run into negative territory today following the wrap-up of earnings season.

At the time of writing, the ASX 300 is down 0.71% to 7,475 points. This means the index has almost erased its August gains, sitting relatively flat for the last month.

Let’s take a look at which ASX companies are leading the charge today.

Paladin Energy Ltd (ASX: PDN)

The Paladin share price is again topping the charts, surging another 10.17% to a multi-year high of 65 cents.

The uranium producer has not released any market-sensitive news since its full-year results last Friday. However, in the annual report, the company did highlight progress on the Langer Heinrich Mine.

It appears investors are valuing Paladin shares at a bargain considering they have lifted by more than 30% in the past week.

Coronado Global Resources Inc (ASX: CRN)

Another big mover on the ASX 300 is the Coronado share price, up 6.59% to $1.172.

The coal miner also hasn’t reported anything new since its half-year results in mid-August. However, the spot price of coal has picked up steam since August 20, reaching a new record high of US$174.60 per tonne.

No doubt, this will translate into bumper profits for the company’s second half of FY21.

Dicker Data Ltd (ASX: DDR)

The Dicker Data share price is pushing 4.7% higher to $14.03 following director purchases over the last few days.

This comes after investors were initially spooked by the IT distributor’s chair and CEO David Dicker selling his shares. However, the share price weakness has presented a buying opportunity for some board members.

Dicker Data shares reached a record high of $16.60 last Thursday after reporting its FY21 interim results.

And the biggest fallers?

BHP Group Ltd (ASX: BHP)

The worst performer on the ASX 300 today is the BHP share price, down 6.84% to $41.95.

While no market-sensitive news has been released by the company, the share price fall can be attributed to BHP going ex-dividend today.

The board declared a fully franked final dividend of US$2.00 per share, which will land in shareholder accounts on 21 September.

United Malt Group Ltd (ASX: UMG)

Lastly, United Malt shares also crashed on Thursday, declining 6.48% to $4.115.

The commercial maltster released its full-year scorecard to the market late yesterday afternoon, recording significant one-off expenses. This weighed down the overall result along with recent COVID-19 restrictions affecting consumption in Asia and Australia.

The post Which ASX 300 shares are the biggest winners and losers on Thursday? appeared first on The Motley Fool Australia.

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• Why BHP, NIB, Northern Star, & Redbubble shares are tumbling lower
• ASX 200 midday update: BHP sinks, Flight Centre expansion
• Why the BHP (ASX:BHP) share price is down 7% today
• Here’s why the BHP (ASX:BHP) share price is down 7% today
• 5 things to watch on the ASX 200 on Thursday

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. owns shares of and has recommended Dicker Data Limited. The Motley Fool Australia owns shares of and has recommended Dicker Data 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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Even though the market was obsessed with post-COVID inflation for the first few months of this year, that talk seems to have completely quietened down now.

With the Delta variant of COVID-19 plunging half of Australia into lockdown, the focus is now understandably on yet another recovery out of the pandemic.

But AMP Capital portfolio manager Dermot Ryan reckons rising inflation is still as relevant as ever for investors.

“Many economists seem unconcerned about the potential rise in inflation, often citing the current lockdown-induced slowdown. Some are even talking about a recession,” he wrote on the AMP Capital blog last week.

“We don’t believe we are in a recession. We are in a lockdown.”

He concedes growth might be lost this quarter, but the economic environment is still very “stimulatory”.

Look for ‘price-maker’ ASX shares to thrive in inflation

According to Ryan, in inflationary times like these, the best shares to buy are for businesses that can set their own price.

“We believe that quality companies that have price-making abilities, as opposed to price taking, in an inflationary environment, should be able to increase profit margins,” he said.

“If a company can push up the prices of its goods and services as costs rise, it potentially can increase its margins. We believe these types of companies would be attractive businesses to invest in.”

We already saw an example of this globally last month when US technology giant Microsoft Corporation (NASDAQ: MSFT) raised prices for its ubiquitous Office 365 business subscriptions.

According to CNBC, the rise was the first significant price change since the cloud software launched 10 years ago.

Microsoft could do this without fearing major customer churn because of its dominant market position and how valuable its products have become to its business clients.

Ryan told The Motley Fool that 2 local examples of such ‘price-maker’ businesses are Brickworks Limited (ASX: BKW) and APA Group (ASX: APA).

“Price-makers are generally companies with strong moats,” he said.

“In infrastructure, regulated returns are sometimes based on a weighted-average cost of capital and they have inbuilt inflation hedges as well. We expect both real estate and infrastructure assets should continue to perform well, as long as inflation expectations don’t get too high as these sectors generally rely [on] a high level of debt.”

Energy infrastructure provider APA Group has seen its shares lose 7.8% this year. Meanwhile, shares for constructions materials maker Brickworks have spiked up more than 22.6% in 2021.

Ryan also liked the pathology area of healthcare as another industry that has price-setting power.

“Pathology players are experiencing increased costs, because there are a lot more collections going on as a result of COVID-19 testing,” he said.

“They are able to pass through higher prices and they operate on very strong margins in our opinion. They are also experiencing operating leverage from increased volumes going through their businesses.”

The post ‘Price makers’: 2 ASX shares to protect against inflation appeared first on The Motley Fool Australia.

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• The Brickworks (ASX:BKW) share price is now trading on a forecast 2.5% fully franked dividend yield
• APA Group (ASX:APA) share price plunges on flat earnings growth in FY21
• Why the Brickworks (ASX:BKW) share price has beaten the ASX 200 in the last year
• 2 ASX dividend shares rated as buys by brokers

Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool’s board of directors. Motley Fool contributor Tony Yoo owns shares of Microsoft. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Microsoft. The Motley Fool Australia owns shares of and has recommended APA Group and Brickworks. 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 Regis Resources Limited (ASX: RRL) share price is in the red today despite no news having been released by the company.

However, the price of gold is also falling today and might be dragging the gold miner’s shares down with it.

Right now, the Regis Resources share price is $2.40, 3.23% lower than its previous close.

Let’s take a closer look at Regis’ bad day on the ASX.

Regis struggles on Thursday

The Regis Resources share price is sliding today despite silence from the company.

However, while there’s not much talk from Regis today, it’s among many gold companies struggling alongside the price of gold.

The price of gold has spent most of today trending lower. Right now, it’s US$1,814.60 an ounce, US$1.40 lower than it ended yesterday.   

According to reporting by Reuters, while most of Australia slept, the price of gold was falling alongside the US dollar. The trend now seems to have continued beyond the US’s bedtime.

The publication states the US dollar was being weighed down by a US national employment report that found the nation’s private employers’ employment figures were below expectations.  

The ASX 200 gold sector is also a sea of red. Other gold-producing giants struggling include Newcrest Mining Ltd (ASX: NCM), Northern Star Resources Ltd (ASX: NST), and Evolution Mining Ltd (ASX: EVN). Their share prices are down 1.53%, 2.37%, and 2.63% respectively.

Regis Resources share price snapshot

Today’s flop has added to the Regis share price’s recent woes.

At the time of writing, it is 35% lower than it was at the start of 2021. It has also fallen a whopping 53% since this time last year.

At its current share price, Regis has a market capitalisation of around $1.8 billion.

The post The Regis Resources (ASX:RRL) share price is falling on Thursday appeared first on The Motley Fool Australia.

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• 5 things to watch on the ASX 200 on Thursday
• Why Bubs, Harvey Norman, Mesoblast, & Regis shares are dropping
• Regis Resources (ASX:RRL) share price slides as profits fall 27% in FY21
• 5 things to watch on the ASX 200 on Thursday
• 5 things to watch on the ASX 200 on Thursday

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 Tyro Payments Ltd (ASX: TYR) share price is back in the green, up 0.67% to $3.77 at the time of writing, after earlier posting losses of 1.0%.

Last week, on 26 August, the ASX payments company reported record results for the full 2021 financial year.

Today, in a statement unlikely to have an immediate material impact on Tyro’s share price, the company’s CEO, Robbie Cooke, called for Australia’s state borders to reopen once the nation hits a 70% vaccination level.

What did Tyro’s CEO recommend?

Noting that most of Tyro’s customers are involved in the retail and hospitality sectors, Cooke called on the government to offer a clear reopening plan following a new wave of COVID-19 lockdowns.

As reported by The Sydney Morning Herald, Cooke said it wasn’t a “sensible nor sustainable proposition to have the state borders locked down“.

Cooke was quoted as saying:

Once all jurisdictions get to 70%, governments across the country need to act in a coordinated way. It is exceptionally damaging for businesses if Queensland is locked down and the rest opens up, it does not make sense. It’s going to be damaging for Queensland businesses.

Different states have been spruiking different reopening plans. And a lack of clarity remains about the future of vaccine passports and whether vaccines can be made mandatory.

With those issues in mind, Cooke said, “The [federal] government has to give businesses certainty around what they need to do and how they need to open themselves back up.”

Tyro share price snapshot

The Tyro share price is up 12% year-to-date, just edging out the 11.6% gains posted by the S&P/ASX 200 Index (ASX: XJO).

Over the past month, Tyro’s share price has gained 7.4%, while the ASX 200 has slipped 0.4% into the red.

The post Tyro (ASX:TYR) share price edges higher as CEO calls for open borders appeared first on The Motley Fool Australia.

More reading

• Tyro (ASX:TYR) share price lifting off on record FY21 results
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The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Tyro Payments. 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 Archer Materials Ltd (ASX: AXE) share price has bolted out of the gates in today’s session.  

Despite not releasing any news, shares in the high-tech materials company are flying more than 7% higher.

Let’s take a look at why investors may be bidding the Archer Materials share price higher today.

What’s moving shares in Archer Materials?

Archer Materials hasn’t released any price-sensitive news that could explain today’s bullish price action.

However, the company did release an update yesterday regarding the sale of its mineral exploration business to iTech Minerals Ltd.

Archer has agreed to sell its mineral exploration business to iTech, in return for 50 million iTech shares.

These shares will be distributed to Archer shareholders and are subject to iTech completing its initial public offering (IPO).

According to yesterday’s announcement, iTech has opened its IPO today and is expected to list on the ASX in late October.

As a result, the Archer Materials share price could be on the receiving end of more investor interest today.  

Other than that, the last time Archer Materials released any price-moving updates was late last month.

Patent issues plague Archer share price

Late last month, shares in Archer Materials came under pressure following media speculations regarding its patent application in Australia.

The company rejected the accusations made against its CQ quantum computer chip patent.

Despite the company refuting the claims, shares in Archer tanked more than 15% on the day.

As a result, today’s bullish price action could be investors snapping up shares in the materials company after its fall.

Snapshot of the Archer Materials share price

Archer is a technology company that operates within the semiconductor industry.

The company has a vast pipeline of semiconductor devices that are in various developmental and commercialisation stages.

Shares in Archer Materials recently rocketed to a record high of $3.08 last month, following a patent update.

Since hitting those record highs, shares in Archer have nearly halved.

Despite the sell-off, the Archer share price remains more than 232% higher since the start of 2021.

At the time of writing, shares in Archer are trading more than 4% higher for the day.

Shares in the company were up more than 7% earlier, after hitting an intra-day high of $1.76.  

The post The Archer Materials (ASX:AXE) share price is flying 7% higher today appeared first on The Motley Fool Australia.

More reading

• Why the Archer Materials (ASX:AXE) share price is plunging 15% today
• The Archer Materials (ASX:AXE) share price is sinking 19% on Tuesday
• Archer Materials (ASX:AXE) share price surges 30% on patent update
• The Archer Materials (ASX:AXE) share price is up 87% in a month
• Why the Archer Materials (ASX:AXE) share price rocketed 13% 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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