• The Dug Technology (ASX:DUG) share price is climbing today. Here’s why

    Rising asx share price represented by woman with excited expression holding laptop

    Shares in Dug Technology Ltd (ASX: DUG) are lifting today after the company released a trading update for the financial year to 31 April 2021.

    At the time of writing, the Dug Technology share price is up 2.29% trading at $1.115.

    The trading results come a day after the company announced it plans to build a high-performance computing (HPC) data campus in Western Australia powered entirely by renewable energy. Let’s take a look.

    A mixed trading update

    Dug Technology announced that unaudited revenue from 1 January to 30 April this year was US$11.8 million compared to US$13.8 million in the prior corresponding period.

    In response to the drop in revenue, the company said that revenue in its service division for the four-month period had been below expectations. However, its high-performance computing (HPC) as-a-service and application software revenues have continued to grow through the period.

    On a more positive note, Dug Technology advised that its tender activity had increased due to recovering market conditions. The company achieved US$45.9 million in new work proposals in its services division for the first four months of 2021. This represents an increase of 10% on pre-COVID-19 levels, over the same period in 2019.

    Despite its year-to-date revenue coming in below expectations, the company is seeing positive signs for growth moving forward. Dug advised that this elevated level of activity had led to increasing project awards, which were expected to contribute positively to revenue growth in FY22.

    About the Dug Technology share price

    The Dug Technology share price has slipped 8% year-to-date and is down almost 25% since its ASX debut on 12 August 2020 when it closed at $1.45.

    The thing is, Dug Technology isn’t alone in its underperformance. Many notable initial public offerings that took place around the same time as Dug have underperformed. ASX shares including MyDeal.com.au Ltd (ASX: MYD), Adore Beauty Group Ltd (ASX: ABY), Youfoodz Holdings Ltd (ASX: YFZ) and Cleanspace Holdings Ltd (ASX: CSX) have all struggled to make headway after listing.

    Despite its positive performance today, its shares have a long way to go before breaking even with its debt highs of $1.45 and listing price of $1.35.

    Where to invest $1,000 right now

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

    *Returns as of February 15th 2021

    More reading

    The post The Dug Technology (ASX:DUG) share price is climbing today. Here’s why appeared first on The Motley Fool Australia.

    from The Motley Fool Australia https://ift.tt/3flEBiP

  • Imagion (ASX:IBX) share price zips 38% higher. Here’s why.

    rising medical asx share price represented by excited doctors dancing in ward

    The Imagion Biosystems Ltd (ASX: IBX) share price is rebounding strongly after weeks of severe falls. This comes after the company provided an update on its MagSense HER2 breast cancer study.

    During mid-afternoon trade, the biotechnology and nanotechnology company’s shares are 38.3% higher to 13 cents.

    What was announced?

    According to its release, Imagion advised that it has enrolled its first patient in the MagSense HER2 breast cancer Phase I first-in-human study.

    The program aims to investigate the use of a MagSense imaging agent to increase the accuracy in detecting a patient’s HER2 breast cancer. More specifically, the nanotechnology looks to see if the tumour has spread to the patient’s lymph nodes.

    Traditionally, the current standard of care involves a biopsy or surgical removal of the lymph nodes to confirm metastases. Approximately half of HER2 breast cancer patients have no nodal disease. Furthermore, this allows MagSense to provide non-invasive procedures in detecting cancer.

    Each patient in the study receives an injection of the MagSense nanoparticle imaging agent and undergoes imaging by MRI. While this occurs, a sample of the lymph node is also assessed using the MagSense magnetic relaxometry technology.

    Imagion is expecting to enrol a total of 15 participants in the phase 1 study. The aim of the program is to determine the safety and tolerability of the MagSense imaging agent. Furthermore, the company is also exploring the effectiveness of the nanoparticles for in vivo detection.

    Imagion Biosystems executive chair, Bob Proulx commented:

    We are very pleased to report our first patient has been enrolled in this ground-breaking study. Though recruiting newly diagnosed cancer patients into a research study can be challenging, we and our investigators remain confident we will reach our recruitment target. We are committed to explore all avenues to achieve our goal of completing this important study.

    Imagion share price summary

    Over the past 12 months, Imagion shares have gained more than 360%, but have fallen 10% on year-to-date performance. The company’s share price reached an all-time high of 22.5 cents earlier this year.

    Based on valuation metrics, Imagion commands a market capitalisation of roughly $135 million, with over $1 billion shares outstanding.

    Where to invest $1,000 right now

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

    *Returns as of February 15th 2021

    More reading

    The post Imagion (ASX:IBX) share price zips 38% higher. Here’s why. appeared first on The Motley Fool Australia.

    from The Motley Fool Australia https://ift.tt/3uoBmeF

  • BrainChip (ASX:BRN) share price tumbles on AGM update: What you need to know

    Digitised image of human hand reaching out to touch robotic hand signifying ASX artificial intelligence share price

    The BrainChip Holdings Ltd (ASX: BRN) share price is under pressure on Wednesday.

    In afternoon trade, the artificial intelligence technology company’s shares are down 3.5% to 55 cents.

    Why is the BrainChip share price under pressure?

    Investors have been selling the company’s shares on Wednesday following the release of its annual general meeting presentation this morning.

    One thing that was included in the presentation that could be weighing on the BrainChip share price was its progress, or lack thereof, in finding a replacement CEO.

    Two and a half months ago BrainChip announced the surprise exit of its CEO, Louis DiNardo, by mutual agreement. However, an appointment doesn’t appear to be imminent.

    Chairman Emmanuel T. Hernandez commented: “For the first couple of months since Mr DiNardo’s departure, management and the Board focused on tapping our individual networks for potential candidates. We are pursuing certain people on our list and in parallel have evaluated search firms that we might engage after exhausting our own network of candidate.”

    Given how the company is currently at an important stage in its journey, not having a captain to steer the ship poses risks.

    What else was said at the meeting?

    There were a few potential positives from the meeting that failed to have an impact on the BrainChip share price. One of those is its market opportunity.

    Interim CEO, Peter AJ van der Made, explained: “You can see that by 2025 the market size [for edge devices] reaches nearly $58 billion distributed over industrial uses, mobile uses, consumer goods, automotive systems (ADAS, preventative and safety systems), and drones. I expect that air and space craft will also be included in this group.”

    “The prospects for the Brainchip Akida technology are huge. Many, if not most of these systems will need an Artificial Intelligence processor that is small, light, fast and power efficient. We deliver all those capabilities in the AKD1000.”

    “The number of ‘Internet of Things” devices will triple between today and 2025. All these devices will be competing for internet bandwidth. IoT is a category of machines and this is different from the ‘Internet of People’. With on-device near-sensor processing, enabled by Akida, internet bandwidth problems can be solved, even when metadata – that is processed already by Akida is uploaded to a central system.”

    “We expect that many of today’s ‘dumb’ devices will be replaced during over [sic] this period by intelligent, Akida based devices. In addition, there will be some 20 billion new devices. This is another great opportunity for the BrainChip Akida technology. You can tell we are excited about those prospects,” he concluded.

    What’s next?

    BrainChip isn’t stopping at AKD1000 and already has plans for future products.

    Mr van der Made explained: “The AKD1000 chip is in production and we expect sales to take off soon after. Initially, we expect to sell complete modules while our clients are developing their own products and boards. Those modules will contain the AKD1000 chip and the MetaTF tools.”

    “This is where we expect the first production chips to be absorbed. Sales are expected to increase once clients have finished their development work and are integrating the AKD1000 into their products.”

    “Module sales are likely to continue into the future, followed by new products such as the AKD2000, which will be a chip with additional features to execute sequence learning networks, known in the industry as LSTM and Transformer networks. Important parts of the AKD2000 are already working now in the lab here in Perth. The AKD3000 chip is in development and will be aimed at capsule networks that are under development at Google and the cortical neural networks of the future,” he concluded.

    While this is all very promising, with the current BrainChip share price giving the company a market capitalisation of almost $1 billion, there certainly is a significant amount of future growth being priced in.

    This is despite the company’s technology being largely unproven and BrainChip facing competition from huge tech giants with materially larger budgets.

    Where to invest $1,000 right now

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

    *Returns as of February 15th 2021

    More reading

    The post BrainChip (ASX:BRN) share price tumbles on AGM update: What you need to know appeared first on The Motley Fool Australia.

    from The Motley Fool Australia https://ift.tt/3fitp6y

  • Here’s why the WA Kaolin (ASX:WAK) share price is up 16% today

    mining asx share price rise represented by female mining exec talking happily on phone

    The WA Kaolin Ltd (ASX: WAK) share price is firmly in positive territory today. This comes after the company announced it has signed a long-term agreement to fuel its kaolin processing operations.

    At the time of writing, the mineral company’s shares are fetching 21.5 cents, up 16.22%.

    What’s pushing the WA Kaolin share price higher?

    Investors are snapping up WA Kaolin shares after the company released a positive update.

    According to its release, WA Kaolin has signed a massive 15-year contract with Mid-West LNG Pty Ltd, a subsidiary of Clean Energy Fuels Australia (CEFA).

    Based in Perth, CEFA is an integrated energy solutions provider, developing small scale LNG infrastructure assets for regional mining, industrial, and commercial energy users.

    Under the agreement, WA Kaolin will receive liquefied natural gas (LNG) for its Wickepin kaolin project. The LNG will be used to fire a rotary kiln to dry kaolin ore. It’s the first step in the company’s patented K99 dry processing method.

    The deal will officially commence on 1 January 2022 and run for a period of 15 years, with reviews at each 5-year block. The contract includes two options that allow the parties to extend for another 5 years each.

    In addition, the agreement includes the supply of commissioning gas from 1 September until 31 December 2021.

    The contract value is estimated at around $22 million for the initial 15 years.

    Words from the CEO

    WA Kaolin CEO Andrew Sorensen welcomed the new deal, saying:

    We are thrilled to have entered into a 15 -year contract with CEFA, one of WA’s leading energy solution providers. As we continue to progress our Stage 1 work program towards our target to be producing by year end 2021, it is vital for our development program that we lock in such important long term supplier agreements like this.

    The Stage 1 work program at Wickepin continues on track and within budget and I look forward to providing the market with a further update of progression from on-site shortly.

    About WA Kaolin

    WA Kaolin is a mineral exploration, extraction and processing company aiming to develop kaolin products. The group hopes to market the soft white clay mineral to Asia and global markets.

    Kaolin has a variety of applications, including in the paper industry where it serves as a paper coating. The mineral product is also used to make china, porcelain, tableware, rubber, cable insulation, specialty films, and fertilisers.

    During the past 12 months, the WA Kaolin share price has fallen by around 14%. However, year-to-date performance has seen the company’s shares climb by more than 23%.

    Where to invest $1,000 right now

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

    *Returns as of February 15th 2021

    More reading

    The post Here’s why the WA Kaolin (ASX:WAK) share price is up 16% today appeared first on The Motley Fool Australia.

    from The Motley Fool Australia https://ift.tt/3uk1mrp

  • Qantas among ASX travel shares hit by Victorian COVID-19 outbreak

    Large airplane on tarmac

    Qantas Airways Limited (ASX:QAN) and Webjet Limited (ASX: WEB) are among the companies whose share price has seemingly been impacted by Victoria’s spike in COVID-19 cases.

    Shares in Qantas have fallen 0.42% today, after more restrictions on Victorian’s ability to travel were implemented. The Qantas share price is currently $4.69.

    Webjet shares are also down, trading for $4.95. That’s 0.5% lower than their closing price yesterday.

    The Flight Centre Travel Group Ltd (ASX: FLT) share price has fallen 1.33%. Currently, shares in the company are swapping hands for $14.89.

    The Auckland International Airport Limited (ASX: AIA) share price has also fallen 2.2% to trade for $6.66. This fall comes as New Zealand pauses the quarantine-free travel bubble between it and Victoria.

    Let’s take a closer look at the spike in COVID-19 cases facing Victoria.

    Victoria’s latest outbreak

    Since yesterday, Victoria has recorded 15 COVID-19 cases, all linked to a positive case in Whittlesea.

    The new cases have been genetically linked to the Wollert case. The Wollert case occurred earlier this month, when a man who spent two weeks in hotel quarantine in South Australia tested positive for COVID-19 in Victoria.

    Contract tracers are still looking for the missing link between the Wollert case and the Whittlesea man.

    A travel ban is now in place. This new ban disallows most Victorians who have been in Whittlesea to travel to Queensland, South Australia, or Tasmania. Anyone who has been in a COVID-19 hot spot must get tested. Additionally, they must self-isolate for 14 days upon arriving in New South Wales, the ACT, Western Australia, or the Northern Territory.

    Today, acting Premier James Merlino told a press conference the next 24 hours will be critical for the state.

    Of whether further restrictions will be imposed on the state, Merlino said:

    I cannot rule out taking some further action but we’ll update people as soon as we know.

    Merlino said 301 people have been identified as close contacts of positive COVID-19 cases. Of those, only 80 COVID-19 tests results have been returned at this point in time.

    Where to invest $1,000 right now

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

    *Returns as of February 15th 2021

    More reading

    The post Qantas among ASX travel shares hit by Victorian COVID-19 outbreak appeared first on The Motley Fool Australia.

    from The Motley Fool Australia https://ift.tt/3yONEAy

  • Local shopping trend might boost neighbourhood ASX real estate shares

    real estate, property

    Trends… Some investors play to them, others steer well clear of them. But there’s no avoiding that they influence markets in some shape or form. CommBank’s inaugural Consumer Insights Report has unveiled a trend that could give neighbourhood real estate shares a boost.

    The report gives a wide-ranging analysis of the Australian consumer. No surprise, this edition reflects how we changed our lifestyle and behaviours because of the COVID-19 pandemic.

    Times are a-changing

    Some changes are unsurprising, such as an increase in online shopping across nearly all channels and categories. However, other shifts are a little unexpected – such as the high priority for Australian products, and a desire for spacious layouts. It seems even with all that time separated from people, we still like our space.

    Another interesting arising trend is that consumers have developed an increased desire to shop locally. Rather than making the trip to the mega-mall, or city centre, Australians want to shop more at their local suburban shopping centre/neighbourhood store.

    Based on CommBank’s research, 16% of respondents said they were likely to shop more at local suburban shopping centres in 2021 than pre-pandemic. Comparatively, only 10% said they were likely to shop more at large shopping centres.

    Firstly, I’ll point out there’s a difference between what people ‘think’ they will do and what they actually do. However, if consumers follow the reported trend, we may see a longer-term uptick in foot traffic at local shopping centres. This might be beneficial to the Real Estate Investment Trusts (REIT) that have strong exposure to convenience-focused retail.

    Real estate shares that might benefit

    There are many ASX-listed REITS and property groups with exposure to suburban shopping centres, some more so than others. Here’s a couple that could stand to benefit from the shift in consumer behaviour.

    The first cab off the rank is HomeCo Daily Needs REIT (ASX: HDN), HomeCo is an A-REIT that invests in convenience-based assets. The trust’s portfolio is spread across three sub-sectors – neighbourhood, large format retail, and health and services.

    The neighbourhood portion that we’re interested in constitutes 50% of REITs targeted portfolio. Furthermore, the trust held $959.3 million worth of investment properties at 31 December 2020.

    In the last year 12 months, HomeCo Daily Needs has returned 2.22% excluding dividends. It is worth noting that the trust is currently trading at a 1.87% premium to its reported net tangible asset (NTA) value.

    The next ASX-listed investment that might be set to benefit is SCA Property Group (ASX: SCP). With 88% of its portfolio being neighbourhood investments, SCA might experience a tailwind from consumers.

    At the end of the group’s first half, its NTA per unit was $2.25. Therefore, based on the property group’s current share price of $2.405, it is trading at a 6.9% premium to NTA.

    Foolish takeaway

    Investing solely based on an expected or perceived trend may not be the soundest decision. However, the data in the Consumer Report can add to making a more informed investment decision. Only time will tell whether shopping local is a long-term change or a short-term fad. 

    Where to invest $1,000 right now

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

    *Returns as of February 15th 2021

    More reading

    The post Local shopping trend might boost neighbourhood ASX real estate shares appeared first on The Motley Fool Australia.

    from The Motley Fool Australia https://ift.tt/34fKuYo

  • Why ALS, AMA, Chalice Mining, & Jumbo shares are pushing higher

    red arrow representing a rise of the share price with a man wearing a cape holding it at the top

    In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a small gain. At the time of writing, the benchmark index is up 0.1% to 7,122.7 points.

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

    ALS Ltd (ASX: ALQ)

    The ALS share price has jumped 11.5% to $12.15. The catalyst for this was the release of the global testing, inspection, and certification company’s full year results. ALS reported a 5% decline in revenue to $1,761.4 million and a 1.5% reduction in underlying net profit after tax to $185.9 million. The latter doesn’t include government subsidies. This was a significant improvement on its first half performance.

    AMA Group Ltd (ASX: AMA)

    The AMA share price has risen 6.5% to 56 cents following the release of a market update. This morning the smash repairer revealed that vehicle volumes in its workshops in recent months has continued to improve. This is being driven by wet weather, more traditional pre-Covid driving customs, and the reluctance of many people to use public transport.

    Chalice Mining Ltd (ASX: CHN)

    The Chalice Mining share price has jumped 8% to $8.80. This is despite there being no news out of the gold explorer today. However, it could be due to a rise in the gold price to a four and half month high and a delayed response to a presentation given on Tuesday.

    Jumbo Interactive Ltd (ASX: JIN)

    The Jumbo share price has climbed 3.5% to $14.14. This may have been driven by a broker note out of Morgan Stanley this morning. According to the note, following the lottery ticket seller’s appearance at a conference, its analysts have retained their overweight rating and $15.20 price target on its shares. It notes that the company sees growth opportunities in the UK market.

    Where to invest $1,000 right now

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

    *Returns as of February 15th 2021

    More reading

    The post Why ALS, AMA, Chalice Mining, & Jumbo shares are pushing higher appeared first on The Motley Fool Australia.

    from The Motley Fool Australia https://ift.tt/3yGdSVC

  • The Commonwealth Bank (ASX:CBA) share price just reached $100

    Rising asx share price represented by group of business people cheering.

    The Commonwealth Bank of Australia (ASX: CBA) share price has finally passed the landmark $100 milestone.

    CBA shares reached $100.20 in mid-morning trade today.

    At the time of writing, the CBA share price has retreated slightly to trade at $100.09, 0.46% higher than its closing price yesterday.

    By comparison, the S&P/ASX 200 Index (ASX: XJO) is up 0.12% today.

    The bank’s share price rally is particularly impressive given this time last year, it traded at $61.31 while battling the COVID-19-induced recession.

    Let’s take a closer look at this new record high for Commonwealth Bank shares.

    6 years in the making

    Market watchers have been waiting for Commonwealth Bank shares to break through the $100 ceiling for some time.

    The last time the share price tantalised ASX investors with the promise of reaching the century was in 2015.

    On 20 March 2015, Commonwealth Bank shares hit what was then an all-time high of $96.50. It was a price the bank was unable to crack again until 13 May this year. Then, the bank smashed through its previous record 12 days ago when it hit $97.38 per share in intraday trade.

    It’s been gaining almost continuously since, hitting multiple new highs on its way to reaching today’s breakthrough price.

    ASX watchers will no doubt be keeping an eye on the CBA share price this afternoon to see if it can close the day at more than $100.

    Commonwealth Bank share price snapshot

    It goes without saying the CBA share price is having a fantastic year on the ASX.

    Currently, it’s gained around 22% since the beginning of 2021. It’s also around 63% higher than at this time last year.

    The bank has a price-to-earnings (P/E) ratio of 21.19 and a market capitalisation of around $177 billion. It has approximately 1.7 billion shares outstanding.

    Where to invest $1,000 right now

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

    *Returns as of February 15th 2021

    More reading

    The post The Commonwealth Bank (ASX:CBA) share price just reached $100 appeared first on The Motley Fool Australia.

    from The Motley Fool Australia https://ift.tt/34icGtD

  • NAB (ASX:NAB) share price lifts amid reports of another pay scandal

    A businessman points a finger in accusation, indicating a share price or ASX company in trouble

    The National Australia Bank Ltd (ASX: NAB) share price is edging higher this afternoon despite reports of another staffing pay scandal. The Australian reported today the banking giant is about to face legal action from the Finance Sector Union (FSU) over the underpayment of full-time staff.

    At the time of writing, shares in the banks are trading at $26.91, up 0.11%. At the same time, the S&P/ASX 200 Index (ASX: XJO) is 0.13% higher.

    Let’s take a closer look at today’s news and how it might be affecting the NAB share price.

    NAB and FSU headed to court

    In what The Australian says could be Australia’s largest underpayment claim, the FSU and NAB are heading to court to battle over “hundreds of millions of dollars” in alleged staff underpayments.

    NAB has previously had to repay part-time and casual staff $55 million in compensation from underpayment claims. According to a source quoted in the paper, this case could affect many more people.

    The FSU claims said senior staff were working in excess of 50 or 60 hours a week, well above their contracted 40 hours per week.

    NAB countered by saying senior staff were not paid for their hours worked, but rather “modelling against the banking, finance and insurance award where relevant and market analysis for equivalent full-time roles,” as quoted in The Australian.

    According to the report, the FSU will soon begin legal proceedings in Federal Court.

    NAB share price snapshot

    The NAB share price has increased 61.1% over the past 12 months but is the second-worst performer of the big four banks over that time. Taking an extended look at the banking industry, Nab shares have performed better than Macquarie Group Ltd (ASX: MQG) and Suncorp Group Ltd (ASX: SUN) in the past 12 months, but worse than Bendigo and Adelaide Bank Ltd (ASX: BEN).

    The NAB share price reached a 52-week high of $27.84 earlier this month and has since fallen 3.7%. Back in 2017, shares in the bank were valued at above $30 each. They have not reached that level since then.

    NAB has a market capitalisation of $88.4 billion.

    Where to invest $1,000 right now

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

    *Returns as of February 15th 2021

    More reading

    The post NAB (ASX:NAB) share price lifts amid reports of another pay scandal appeared first on The Motley Fool Australia.

    from The Motley Fool Australia https://ift.tt/3fiK0qG

  • What’s happening with the Peninsula Energy (ASX:PEN) share price?

    A business man holds his hand out in a stop sign, indicating a share price trading halt or company in trouble

    The Peninsula Energy Ltd (ASX: PEN) share price won’t be going anywhere today. Securities in the uranium miner entered a trading halt before today’s session at the request of the company.

    Here’s why shares in Peninsula are halted and what it could mean for the company’s share price.

    Why is the Peninsula share price in a trading halt?

    Earlier today, Peninsula requested that securities in the company be placed in a trading halt.

    According to the company’s market update, Peninsula has requested the trading halt pending capital raising. The company expects the trading halt to last until either an announcement is made or before trading commences on Friday 28 May.

    Peninsula did not provide any official details on the capital raising. However, an article in the Australian Financial Review provided some insight.

    According to the article, brokers Canaccord and Shaw and Partners will be participating in the placement. In addition, Peninsula is aiming to raise $15 million at a price of 15 cents per share followed by a $2 million share purchase plan. The article also noted that the capital raising will be used for working capital and to finance Peninsula’s recent acquisition of 300,000 pounds of uranium concentrate.  

    At the end of yesterday’s trading session, the Peninsula share price closed at 18.5 cents per share.

    More on the Peninsula Energy share price

    Peninsula is an ASX-listed uranium mining company. The company’s flagship Lance Project located in Wyoming, USA is the only US-based uranium project using a low pH, in-situ recovery (ISR).

    The Peninsula share price has bolted more than 50% since the start of May. Earlier this month, shares in Peninsula received a boost after providing a field demonstration update for its wholly-owned Lance Project. Before making a final investment decision, Peninsula conducted an ISR in order to generate site-specific data. The company noted that achieving and maintaining the correct operational pH is critical to successful uranium operations.

    In late April, Peninsula also released a promising quarterly activities report. For the March quarter the company reported an operating cash loss of US$2.2 million with no sales recorded. However, for the 9 months to 31 March, Peninsula noted an operating cash loss of US$5.7 million on sales of US$3.4 million.

    Where to invest $1,000 right now

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

    *Returns as of February 15th 2021

    More reading

    The post What’s happening with the Peninsula Energy (ASX:PEN) share price? appeared first on The Motley Fool Australia.

    from The Motley Fool Australia https://ift.tt/2RCzHoB