The Vital Metals Limited (ASX: VML) share price has soared into the green during today’s session, extending its lengthy bull run.

At the market close, Vital Metals shares were exchanging hands at 7.4 cents apiece, an 12% gain from the open this morning.

Let’s zoom in on the tailwinds behind the Vital Metals share price over the past week.

Quick recap on Vital Metals

Vital Metals is a minerals explorer with a focus on rare earths and gold prospects.

It has a geographical footprint in Australia, Canada and Burkina Faso in West Africa, although derives most of its revenue from Australia.

At the time of writing, Vital Metals has a market capitalisation of $307 million.

What’s behind the Vital Metals share price this week

The Vital Metals share price has been a busy mover over the past week, climbing 37% into the green since last Friday’s closing price.

On 9 August, the company announced its plans to expand into the US capital markets.

Vital advised it had engaged Ecoban Securities Corporation as investor relations and capital markets consultant.

As part of the planned listing, the company will issue 10 million three-year listed options to Ecoban’s listing arm, Tectonic. Vital will deal with Tectonic directly under the agreement.

Recall that Tectonic also advised Vital Metals with a $42 million equity raise earlier in the year.

In addition, the rare earths miner placed its securities into a trading halt on 10 August. A day later, the company announced it would acquire Qubec Precious Metal Corporation’s 68% interest in (the) Kipawa and 100% interest of (the) Zues heavy rare earth projects in Canada.

The transaction will occur for $8.7 million over the coming 5 years.

In its release, Vital Metals said the Kipawa and Zues sites complemented its light rare earths operations at Nechalocho, another of the company’s rare earths sites in Canada.

In addition, the acquisition had “the potential to transform Vital into the only producer of both light and heavy rare earths in North America”, according to the company.

Vital Metals share price snapshot

The Vital Metals share price has climbed 131% year to date, extending the previous 12 month’s return of 311%.

These results have outpaced the S&P/ASX 200 Index (ASX: XJO)’s gain of around 25% over the past year.

The post Why the Vital Metals (ASX:VML) share price is up 37% in a week appeared first on The Motley Fool Australia.

More reading

• Why is the Vital Metals (ASX:VML) share price is in a trading halt today?
• Here’s why the Vital Metals (ASX:VML) share price is flying today
• 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

The author Zach Bristow 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 S&P/ASX 200 Index (ASX: XJO) has finished the week on a positive note. At close of trading today, the ASX 200 finished up a healthy 0.54% to 7,628 points.

But let’s go a little further and see which ASX 200 shares were the most active today in terms of raw trading volume.

The 3 most active ASX 200 shares today

Telstra Corpoation Ltd (ASX: TLS)

Telstra has been lying around the ASX 200 boards all week, and today it seems is no different. A hefty 24.01 million Telstra shares changed owners today. That’s probably a result of what we are seeing with the Telstra share price itself. This ASX telco has has a bit of a wild day.

It spent the morning rising strongly to a new 52-week high of $4.02 a share, before giving up all of those gains and then some. At the final bell, Telstra was down 0.25% to $3.96 a share. It’s this volatility that’s probably behind the elevated trading volumes we are seeing today.

Pilbara Minerals Ltd (ASX: PLS)

ASX 200 lithium producer Pilbara is next on the list. Like Telstra, Pilbara has also been flying around the ASX share market this week. This Friday, a very substantial 27.52 million shares were traded.

Pilbara has also had an interesting day in terms of share price movements. Just before lunchtime, this company was down more than 5% to $2.26 a share.

However, Pilbara staged something of a recovery, and finished at $2.33 a share, still down 2.1% for the day. Again, it’s probably this share price volatility that is behind the large numbers of Pilbara shares trading today.

Scentre Group (ASX: SCG)

Our final ASX share today is Real Estate Investment Trust (REIT) Scentre Group. A whopping 51.08 million Scentre units have swapped hands this Friday, making it the most traded ASX 200 company of the day.

Despite this move, there has been no major news or events affecting the Scentre unit price today. Scentre finished the day down 2.29% to $2.56 a unit after going as high as $2.58 earlier in the day.

A non-ASX 200 footnote

While Sayona Mining Ltd (ASX: SYA) is not an ASX 200 share, it deserves a shoutout today for the mind-boggling 219.31 million shares that have traded on the share market today.

The post Here are the 3 most active ASX 200 shares this Friday appeared first on The Motley Fool Australia.

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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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Pilbara Minerals Ltd (ASX: PLS) shares have been very strong performers in 2021.

Much to the delight of its shareholders, the lithium miner’s shares are up a whopping 171%.

But that’s only telling part of the story. Investors that picked up shares five years ago have done even better.

What would have happened if you’d bought $1,000 of Pilbara Minerals shares 5 years ago?

Any investors that bought Pilbara Minerals shares five years ago would have smashed the market return.

During this time, the company’s shares have averaged a total return of 39% per annum.

This would have turned a $1,000 investment into ~$5,200 today. That’s more than four times your original investment.

Why are its shares smashing the market?

Investors have been bidding Pilbara Minerals shares higher in recent years on the belief that it stands to benefit greatly from rising lithium prices.

For example, during the fourth quarter of FY 2021, the company didn’t reveal the price it was commanding, but mentioned that spodumene concentrate prices were being reported in the range of US$700 and US$975/dmt.

This compares very favourably to the unit cash operating cost of US$441/dmt (CIF China) that was achieved for the quarter.

Another positive was the outperformance of its shipments. Pilbara Minerals revealed that it shipped 95,972 dmt of spodumene concentrate for the quarter. This was ahead of its guidance range of 75,000 to 90,000 dmt.

What’s next?

The good news for the company, and Pilbara Minerals shares, is that JP Morgan is forecasting strong long term prices as demand increases. This is being driven by the electrification revolution, with households turning to electric vehicles (EV) and battery power storage.

This week it upgraded its long term-lithium spodumene price forecast by 31% to US$850 a tonne. If this proves accurate, it leaves Pilbara Minerals well-placed to grow its profits as production ramps up across its operations.

Whether this leads to another five years of outperformance, time will tell. But the future certainly does look bright.

The post If you’d bought $1,000 of Pilbara Minerals shares 5 years ago, here’s what it would be worth appeared first on The Motley Fool Australia.

More reading

• Here are the 3 most active ASX 200 shares this Friday
• ASX 200 midday update: Telstra 52-week high, PointsBet rises on US update
• Here are the 3 most heavily traded ASX 200 shares this Thursday
• Here are 3 of the most heavily traded ASX 200 shares today
• The Pilbara Minerals (ASX:PLS) share price is up 23% in a week

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 JB Hi-Fi Limited (ASX: JBH) share price has been trading sideways since August last year, struggling to break above about $54 and bouncing off lows of about $43.

Before JB Hi-Fi delivers its full year FY21 results on Monday, 16 August, we wondered if previous earnings could provide any insight as to how its shares might respond?

JB Hi-Fi share price rallies on prior earnings

During August reporting season last year, JB Hi-Fi delivered a well-rounded result with total sales up 11.6% to $7.9 billion, while underlying net profit after tax (NPAT) surged 33.2% to $332.7 million.

The JB Hi-Fi share price rallied as much as 8.58% to $51.33 on the day of the announcement, before closing 4.92% higher at $49.60.

The FY20 results announcement also advised that sales momentum had continued into the first month of FY21, with July 2020 Australian sales up 42.1% on the prior corresponding period.

Following earnings season, the JB Hi-Fi share price rallied to highs of about $52.50 in late August and mid-October but failed to push any higher.

JB Hi-Fi shares moved in a similar fashion following the company’s 1H 21 results on 15 February.

The half-year results delivered a solid 23.7% increase in total sales to $4.9 billion, with NPAT surging 86.2% to $317.7 million.

The JB Hi-Fi share price surged 8.96% to a record high of $55.25 before closing 6.50% higher at $54.

JB Hi-Fi earnings preview

JB Hi-Fi has already provided investors with a solid preview of what to expect in its upcoming FY21 results.

In an update on sales and full year 2021 results on 20 July, the company cited preliminary unaudited sales growth of 12.6% to $8.916 billion and a 67.4% increase in NPAT to $506.1 million.

JB Hi-Fi Group CEO Richard Murray commented on the results saying:

We are pleased to report record sales and earnings for FY21. Our continued focus on the customer, and investments in our online business and our supply chain, have enabled us to seamlessly meet our customers’ increased demand both instore and online.”

The JB Hi-Fi share price lifted 3.73% higher to $49.51 on the day of the update.

Murray will depart JB Hi-Fi at the end of this month.

The post How did the JB Hi-Fi (ASX:JBH) share price respond last earnings season? appeared first on The Motley Fool Australia.

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Motley Fool contributor Kerry Sun 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 Bitcoin (CRYPTO: BTC) price has charged 13% higher since this time last week. Despite slipping 1% over the past 24 hours, 1 Bitcoin is currently worth US$45,256 (AU$61,994).

And Bitcoin is far from alone in its run higher.

Ethereum (CRYPTO: ETH) has also gained 13% over the past 7 days to US$3,122.

Bitcoin’s year-to-date price gain now stands at 56%.

As for Ether? The world’s second largest crypto by market cap has gained 322% this calendar year.

While those gains are impressive, they pale in comparison to the gains posted by some of the leading altcoins.

What’s driving the surge in altcoin prices?

An altcoin, if you’re not familiar, is any crypto other than Bitcoin.

Explaining the surging price among some altcoins earlier this week, Ray Brown, market analyst at Australian crypto exchange CoinSpot, pointed to Bitcoin’s 39% rally over the preceding month.

According to Brown:

Consequently, altcoins have also benefited from the Bitcoin rally, with the total market cap increasing by over US$279 billion over the same period, to an impressive US$1.04 trillion.

In the last 30 days altcoins such as Axie Infinity (AXS), Ravencoin (RVN), Terra (LUNA), among others, climbed by over 117%. IoTeX (IOTX) saw the biggest rise of over 482%.

Brown pointed to speculation that ongoing discussion by the United States government to better regulate cryptocurrencies is “potentially reinforcing the legitimacy of the industry” and helping drive the price gains.

Bitcoin rally puts 95% of altcoins in the green

A quick check of the price performance of the world’s 100 largest cryptos by market cap shows that 95 are in the green over the past 7 days. Only 5 are showing losses, according to data from CoinMarketCap.

The biggest gainer since this time last week, by a landslide, is IoTeX (CRYTPO: IOTX).

The IoTeX price has gained a whopping 369% since last Friday, or almost 28 times as much as Bitcoin’s own gains.

Trading at a current price of 10.8 cents, IoTeX has a market cap just north of US$1.03 billion.

So, what the heck does IoTeX do?

According to CoinMarketCap:

Starting as an open-source project in 2017, IoTeX has built a decentralised platform whose aim is to empower the open economics for machines — an open ecosystem where people and machines can interact with guaranteed trust, free will, and under properly designed economic incentives.

In an important reminder of the wild volatility that comes along with Bitcoin and other crypto investing, the IoTeX share price, while up 369% over 7 days, is down 18% over the past 24 hours.

The post These leading altcoins are surging on Bitcoin’s 7-day charge higher appeared first on The Motley Fool Australia.

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The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Bitcoin and Ethereum. 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 Goodman Group (ASX: GMG) share price is edging higher on Friday.

In afternoon trade, the commercial property company’s shares are up slightly to $22.70.

This means the Goodman share price is now up 17% since the start of the year.

Why is the Goodman share price outperforming in 2021?

Investors have been bidding the Goodman share price higher this year on the belief that it would deliver a strong result in FY 2021.

This turned out to be accurate, with the company releasing a result ahead of the market’s expectations this week.

In case you missed it, Goodman reported a 15% increase in operating profit to $1.22 billion and operating earnings per share (EPS) of 65.5 cents.

This was driven by a 12% increase in total assets under management (AUM) to $57.9 billion, a portfolio occupancy rate of 98.1%, and like-for-like net property income growth of 3.2%.

One disappointment, though, was that its guidance for FY 2022 was below the market’s expectations. However, it is worth noting that Goodman has a track record of under promising and over delivering.

Can its shares go even higher?

The good news is that the team at Citi believe the Goodman share price is still good value at the current level.

This morning the broker retained its buy rating and $26.00 price target on the company’s shares.

Based on the current Goodman share price, this implies potential upside of 14.5% over the next 12 months before dividends.

Citi said: “GMG’s FY21 EPS was +2% above guidance and +1%/+0.5% above consensus/Citi, with the beat vs our estimate driven by higher investment income and lower interest expense/tax. FY22 EPS guidance was introduced at 10% growth or 72.2c, -2% below consensus and -3.5% below our prior estimate. However, we see upside to guidance and the share price, and re-iterate our Buy rating.”

The post Top broker tips Goodman Group (ASX:GMG) share price to surge 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 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 Bank of Queensland Limited (ASX: BOQ) share price is struggling today after the Federal Court found its small business loans to be “unfair”.

As the Motley Fool Australia reported this morning, the Court determined the loans’ contracts were unfair and broke Australian law. It ordered the bank to remove the unjust terms.

The Bank of Queensland share price has, understandably, suffered. It’s flat with its previous closing price of $9.57.

Let’s take a closer look at today’s news of the Bank of Queensland.

Federal Court finds loans “unfair”

The Bank of Queensland share price has had a troubled day after the Australian and Investment Commission (ASIC) won its Federal Court case against the bank.

ASIC has claimed the bank’s small business customers had been placed under weighted loan terms since November 2016.

The Federal Court found in favour of ASIC’s claims that the bank’s small business loans’ terms breached Australian Consumer Law and the ASIC Act. In her judgement, Justice Banks-Smith stated:

[T]he declarations sought are appropriate because they serve to record the Court’s disapproval of the contravening conduct, vindicate the claim by ASIC that the bank had contravened the Act, assist ASIC to carry out the duties conferred upon it by the Act, and deter other corporations from entering into contracts containing unfair terms.

However, ASIC, Bank of Queensland, and the Federal Court stated none of the bank’s customers was impaired by the clauses. Bank of Queensland will now amend the terms, as ordered by the Court.  

According to ASIC, the loans’ contracts meant the bank could change its terms at any time. Additionally, borrowers didn’t have the chance to leave a newly revised contract without being penalised.  

Bank of Queensland could also default a customer’s loan due to events that wouldn’t cause the bank any financial harm. Further, it could do so without giving a borrower the chance to address the issue.

Finally, the contracts stated if the bank erred on the loan’s details, the customer had to prove its failure. In a release detailing the Court’s finding, ASIC stated:

[I]f BoQ issued a certificate stating an amount owing by a customer, that amount would be assumed to be correct unless the customer could prove otherwise.

Bank of Queensland share price snapshot

Safe to say, it hasn’t been a good day for the Bank of Queensland.

However, the Bank of Queensland share price is still in the green. It has gained 27% year to date and 59% over the past 12 months.

The post Bank of Queensland (ASX:BOQ) share price struggles as Court finds contracts ‘unfair’ 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 Woodside Petroleum Limited (ASX: WPL) share price is edging higher in afternoon trade as we finish the week.

While enthusiastic investors are pushing Woodside shares north, up 0.36% to $22.10, climate authorities have reacted harshly to the latest news on its Scarborough project.

Let’s investigate further.

Scarborough project gets the green light

WA Minister for Environment, Amber-Jade Sanderson granted approval for the proposal on 11 August. The decision came after the Environment Protection Authority’s assessment.

Woodside got the green light to construct about 33km of pipeline in nearshore waters off the Pilbara coastline, in the state’s north. This will make up a section of the 430km pipeline that Woodside is developing as part of its expansion of the Pluto LNG facility.

Woodside welcomed the news with open arms. In a statement, Acting CEO Meg O’Neill said:

This is an important regulatory milestone as we now have both commonwealth and state primary environmental approvals in place to support a final investment decision.

An extensive public review was completed on the proposal, including stakeholder consultation, and a review of the spoil disposal management plan.

The dust is yet to settle

The decision has faced significant backlash. For instance, climate authorities have now weighed in on the debate, among others.

In yesterday’s The Guardian, Conservation Council of Western Australia executive director, Piers Verstegen said the pipeline is “the key piece of infrastructure that would enable Australia’s most polluting fossil fuel project to proceed”.

Tim Baxter, of The Climate Council, also chimed in. Baxter said how “absurd” it was that a project like Scarborough is “still being considered, let alone approved, in 2021”.

The announcement follows the International Panel on Climate Change’s (IPCC) scathing report released a few days ago.

O’Neill has pushed back at the condemnation by saying:

Scarborough gas contains negligible reservoir carbon dioxide. Combined with the adoption of best available proven technology in design at Pluto Train 2, these developments will be amongst the lowest-carbon LNG sources globally for Woodside’s North Asian customers.

Given the summation of these factors, investors can expect more to come from each camp. Despite the outrage, there has been little effect on the Woodside share price.

Woodside share price snapshot

The Woodside share price has posted a year-to-date loss of about 4%. Despite this, Woodside shares are 8% into the green over the past 12 months.

In addition, Woodside shares are about 4% in the red over the past month.

These returns have lagged the S&P/ASX 200 Index (ASX: XJO), which has climbed about 25% over the past year.

At the time of writing, Woodside has a market capitalisation of $21.11 billion.

The post Woodside (ASX:WPL) share price edges higher despite fresh climate outrage in WA appeared first on The Motley Fool Australia.

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• 5 things to watch on the ASX 200 on Friday
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The author Zach Bristow 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 Magnum Mining and Exploration Ltd (ASX: MGU) share price is having a woeful time during late Friday afternoon trade.

This follows the mineral mining company’s latest announcement in regards to its agreement with Anglo American.

At the time of writing, Magnum shares are down 7.69% to 12 cents apiece. Earlier, the Magnum share price hit a 5-month low of 10.5 cents within the first hour of market open.

What did Magnum announce?

Investors appear worried about the potential offtake arrangement, selling Magnum shares today. The arrangement would see Magnum sell its entire direct shipping ore from its Buena Vista iron ore project to Anglo American.

According to Magnum’s release, both parties have extended the exclusivity period to conduct due diligence for the agreement. As such, the Magnum board does not foresee any impact to production timings should the offtake agreement be reached.

The exclusivity date has been pushed back until 4 November 2021. However, a formal contract is expected to be signed well before.

The term sheet remains unchanged. This includes the right of first refusal to Anglo American for 100% of the offtake volumes. This consists of iron ore concentrate, hot briquetted iron (HBI) and Pig Iron from Phase 2 of the project, as well as financing.

Magnum said it would provide a further update when the formal agreements were complete.

In addition, the company is reviewing other attractive opportunities in the region to increase its resource inventory from adjacent land. It also is working towards a bankable feasibility study to progress the HBI and Pig Iron project.

About the Buena Vista iron ore project

Located in Nevada in the United States, the Buena Vista mine is positioned to become a green steel producer. The term ‘green’ refers to producing materials from waste products. The mine is also considered a significant magnetite mineral resource that has had $34 million invested in advancing the project.

Additionally, the mine has close access to rail, water, port, and power facilities.

Magnum share price summary

Until recently, a strong 12 months hyped by investor sentiment led the Magnum share price to jump by more than 240%. Year-to-date performance has been just as impressive, with Magnum shares posting gains of more than 120%.

Based on valuation ground, Magnum has a market capitalisation of around $59.5 million, with approximately 496 million shares outstanding.

The post Magnum Mining (ASX:MGU) share price slides 7% on project update 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 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 S&P/ASX 200 Index (ASX: XJO) has followed the lead of US markets and is pushing higher. In afternoon trade, the benchmark index is up 0.5% to 7,625.2 points.

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

Baby Bunting Group Ltd (ASX: BBN)

The Baby Bunting share price is down 5% to $5.68. This follows the release of the baby products retailer’s full year results for FY 2021. That release revealed that Baby Bunting achieved a 15.6% increase in sales to $468.4 million and a 34.8% jump in net profit after tax to $26 million. Although this was strong, its subdued start to FY 2022 appears to have spooked investors. Baby Bunting advised that same stores sales are down 6.4% as of 12 August.

Galan Lithium Ltd (ASX: GLN)

The Galan Lithium share price has fallen 4.5% to $1.22. This morning the lithium explorer announced firm commitments to raise $50 million through a two-tranche institutional placement. These funds will be raised at $1.15 per share, which represents a 10.2% discount to its last closing price. Galan Lithium plans to use the proceeds to accelerate the development of its lithium projects.

Suncorp Group Ltd (ASX: SUN)

The Suncorp share price has dropped 3.5% to $12.34. The insurance and banking giant’s shares have tumbled today after they traded ex-dividend for its upcoming final and special dividends. Eligible shareholders can now look forward to receiving fully franked dividends totalling 48 cents per share on 22 September.

Vulcan Energy Resources Ltd (ASX: VUL)

The Vulcan share price is down 4% to $14.64. This is despite there being no news out of the lithium developer. However, with the lithium sector running hot this week, profit taking appears to be weighing on Vulcan’s shares. In fact, even after today’s gain, the Vulcan share price is up almost 15% since this time last week.

The post Why Baby Bunting, Galan Lithium, Suncorp, & Vulcan shares are sinking 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 has recommended Baby Bunting. 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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