The De Grey Mining Limited (ASX: DEG) share price is slipping today after the company announced its quarterly activities report for the period ending 31 December 2020. The De Grey share price is currently trading 2.09% lower at 93.5 cents.

Shares in the ASX miner shot to fame last year on rising an astounding 1,920% in 2020. However, it has been a different story since the start of 2021, with the share price slumping more than 16% so far this year.

What’s new?

In today’s update, De Grey advised that its Hemi discovery in Western Australia continued to grow across multiple zones. The Hemi discovery is an intrusion hosted form of gold mineralisation which has not been previously encountered in the Pilbara region. The high value of the discovery is driven by its size and growth potential. Moreover, the overall Hemi system is now more than 400 metres deep and remains open.

What more, the company announced that its exploration activity has accelerated. With the number of drills on the site increased to eight. It comes as more than 900 holes remain open on the company’s Mallina gold project.

As of 31 December 2020, the company was well funded with approximately $103.8 million in cash.

Growth strategy

De Grey also released information on the company’s near term growth strategy within the report. According to management, the company aims to expand Hemi and drill mineralised intrusives around the site.

Furthermore, the company aims to expand the existing resource base and explore untested areas along the company’s 200km of prospective zones.

About the De Grey share price

Shares in the ASX miner had a stellar in 2020 being the best performer on the All Ordinaries Index (ASX: XAO). However, as mentioned this trend has not continued in 2021, falling in the first month of the year.

De Grey has a market capitalisation of $1.21 billion.

More reading

• The biggest ASX bulls are about to get their faith tested
• 2 ASX shares that ran over 1,500% in 2020
• Why the De Grey (ASX:DEG) share price is blasting 7% higher today

Motley Fool contributor Daniel Ewing has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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In early afternoon trade the S&P/ASX 200 Index (ASX: XJO) has fought back from a sizeable morning decline and is climbing higher. At the time of writing, the benchmark is up 0.2% to 6,617 points.

Four ASX shares that have not let that hold them back are listed below. Here’s why they are pushing higher:

Blackmores Limited (ASX: BKL)

The Blackmores share price is up 4.5% to $76.85. Investors have been buying the health supplement company’s shares and others with high levels of short interest on Monday. It appears as though short sellers have been closing positions in a hurry amid concerns that the GameStop short squeeze could be replicated with their shares.

Creso Pharma Ltd (ASX: CPH)

The Creso Pharma share price has jumped 10% to 21.5 cents. This morning the cannabis company revealed that it believes it is well-positioned to benefit from changes in Australian regulations that came into effect this morning. The Therapeutic Goods Administration (TGA) has downgraded low dose cannabidiol preparations from Schedule 4 (Prescription Medicine) to Schedule 3 (Pharmacist Only Medicine). This means they can be picked up over the counter from a pharmacy without a prescription.

Pilbara Minerals Ltd (ASX: PLS)

The Pilbara Minerals share price has surged 9% higher to $1.01. This is despite there being no news out of the lithium miner. However, last week Tesla blamed an underwhelming result on a lack of lithium batteries. This appears supportive of lithium demand and prices for 2021 and beyond.

Zip Co Ltd (ASX: Z1P)

The Zip share price is up 2% to $7.42. This morning Zip announced that its Chair, Philip Crutchfield, is stepping down from the role after more than five years with the company. He is exiting the role with immediate effect and will be replaced by Ms Diane Smith-Gander AO. Zip believes Ms Smith-Gander is ideally placed to lead Zip as it forges ahead as with its global expansion. The market appears happy with this appointment.

More reading

• ASX 200 down 0.2%: Zip Chair steps down, Worley crashes, Blackmores & InvoCare jump
• Why the Zip (ASX:Z1P) share price is dropping lower today
• Here’s why the Creso Pharma (ASX:CPH) share price is rocketing 18% higher
• These were the best performing ASX 200 shares in January
• The Zip (ASX:Z1P) share price rocketed 37% higher in January

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 ZIPCOLTD FPO. The Motley Fool Australia owns shares of and has recommended Blackmores 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 Thomson Resources Ltd (ASX: TMZ) share price is rocketing higher today, up 38.4% to 18 cents in late morning trade.

This follows the company’s market update today on its activities for the December 2020 quarter.

What did Thomson Resources report?

Minerals explorer Thomson Resources today reported the advancement of its precious and base metals projects in Queensland and New South Wales.

Thomson advised it has completed due diligence at the Hortons Gold Project near Tenterfield, New South Wales. It’s acquiring the project from Syndicate Minerals, a private company. According to the release, Hortons has “multiple intrusion related gold targets across multiple prospects” for future drilling.

Thomson has also started auger drilling at its Chillagoe Gold Project. Assays are pending for 465 samples taken from 10 prospect areas. It noted that rock taken from its Laverock workings contained copper oxide azurite, which is a surface indicator of weathered copper sulphide ores.

Meanwhile, the company revealed it had completed the phase 2 reverse circulation drilling program at its Yalgogrin Gold Project, totalling 6 holes for 720 metres. This follows up the “significant intercepts” from its July 2020 maiden drilling program.

It also completed 2,000 metres of reverse circulation drilling at its Harry Smith Gold Project, testing a range of targets. One of the targets was a follow up from previous high-grade results including, 17m at 5.2 g/t Au from 28m, 9m at 9g/t Au and 54m at 1 g/t Au.

Thomson also provided updates on its silver projects, including the Cannington Silver Project in Queensland.

In November, Thomson announced that it had submitted an EPM application for 6-blocks 10kms west of the Cannington Silver mine owned by South32 Ltd (ASX: S32). In November Thomson also entered into a binding term sheet to acquire 100% of Caesar Resources, which holds around 90 sqkm of land near the Cannington Silver mine. That acquisition was completed in December. Thomson reports it now has a land area of 111.5sqkm in “this prolific silver region”.

The company had cash of $5.4 million as at 31 December.

Thomson Resources share price snapshot

Thomson Resources shareholders have certainly had a happy new year so far.

Including today’s 38.4% intraday gains, the Thomson Resources share price is up 47.5% in 2021. Investors who bought shares 12 months ago are sitting on a tidy gain of 450%.

More reading

• Silver squeeze next on the list for WallStreetBets, or is it?
• 5 things to watch on the ASX 200 on Monday
• Top broker says the South32 (ASX:S32) share price is in the buy zone
• 7 ASX shares to buy for 2021
• Goldman points to commodities super-cycle: Which ASX mining shares will benefit?

Motley Fool contributor Bernd Struben 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 Afterpay Ltd (ASX: APT) share price is not having a good day today. It’s not even lunchtime (at the time of writing), and yet Afterpay shares are currently down 0.81% to $134 a share.

In fact, it hasn’t been a great week for the buy now, pay later (BNPL) pioneer, period. Since Wednesday last week, Afterpay shares are down more than 11%.

But zooming out, it’s a different story. Over the month of January, Afterpay shares rose more than 13% (13.53% to be precise). On days like today, it can be easy to forget Afterpay made a new all-time high of $151.22 less than 2 weeks ago. Even after today’s fall, Afterpay shares remain up more than 9% year to date, not a bad way to open 2021.

So why did Afterpay have such a good start to the year?

Well, there are 2 possible reasons:

1. Positive sentiment for Afterpay shares

Afterpay has developed a reputation as a gift that keeps on giving. Think about it, this ASX share has delivered double- or triple-digit returns every year for the last few years to its loyal investors (despite some healthy volatility along the way). And many investors are reluctant to kill the golden goose, as it were.

Further, as my Fool colleague James Mickleboro reported last week, Afterpay has recently also been upgraded by several brokers who expect Afterpay’s strong growth in subscribers and transaction volumes to continue unbridled in 2021 and beyond.

Add to this a hugely successful US IPO for fellow BNPL company Affirm Holdings Inc (NASDAQ: AFRM) and you can see why investors might have wanted to keep jumping on the bandwagon in January with this one.

2. A rising market lifts all boats

When looking at the Afterpay share price over January, it pays to remember that the broader markets also had a top month…. until 25 January that is.

Yes, the S&P/ASX 200 Index (ASX: XJO) has come off the boil since then. But between New Year’s Day and 25 January, the index was up a healthy 2.1%. And that’s when Afterpay did most of its heavy lifting, share price wise.

A growth stock like Afterpay tends to outperform the broader market when positive sentiment is strong. And it’s clear that this sentiment was strong enough to keep the Afterpay share price relatively high, even after the broader market sell-off over the past week or so.

Remember, Afterpay investors, are probably used to volatility by now. And most of them have probably learnt that selling out on a dip has historically been a bad idea.

More reading

• ASX 200 0.2%: Zip Chair steps down, Worley crashes, Blackmores & InvoCare jump
• Worley (ASX:WOR) share price crashed on profit warning
• Why Afterpay, ResMed, Temple & Webster, & Worley shares are dropping lower
• Why the Crown (ASX:CWN) share price could be hit harder than others today
• These were the worst performing ASX 200 shares in January

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of AFTERPAY T FPO. 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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At lunch on Monday, the S&P/ASX 200 Index (ASX: XJO) has recovered from its lows but is still trading slightly in the red. The benchmark index is currently down 0.2% to 6,593.7 points.

Here’s what is happening on the market today:

Zip Chair steps down

The Zip Co Ltd (ASX: Z1P) share price is pushing higher today despite announcing that its Chair, Philip Crutchfield, is stepping down from the role after more than five years with the company. Mr Crutchfield is exiting the role with immediate effect and will be replaced by Ms Diane Smith-Gander AO. Ms Smith-Gander is a seasoned professional non-executive director with chair experience. The company believes she is ideally placed to lead Zip as it forges ahead as with its global expansion.

Worley update disappoints

The Worley Ltd (ASX: WOR) share price is crashing lower today following the release of a trading update. That update revealed that the engineering company’s performance has been impacted negatively by COVID-19. Combined with foreign exchange headwinds, Worley expects to report half year aggregated revenue of $4.4 billion to $4.5 billion and underlying EBITA of $200 million to $210 million. This compares to $5,998 million and $366 million, respectively, from the prior corresponding period.

Shorted shares rise

A number of ASX 200 shares that have been targeted by short sellers are on the rise today. This includes Blackmores Limited (ASX: BKL), InvoCare Limited (ASX: IVC), and Mesoblast limited (ASX: MSB). They are all outperforming the market average by some distance at lunch. At the last count, these companies had 4%, 7.9%, and 10.3% of their shares in the hands of short sellers, respectively. These short sellers appear to be closing positions in a hurry following the GameStop short squeeze.

Best and worst ASX 200 performers

The best performer on the ASX 200 on Monday has been the Blackmores share price with a 4.5% gain. Short sellers appear to be buying shares to close positions. The worst performer by some distance has been the Worley share price with a 14.5% decline following its disappointing update.

More reading

• Worley (ASX:WOR) share price crashed on profit warning
• Why Afterpay, ResMed, Temple & Webster, & Worley shares are dropping lower
• Here are the 10 most shorted shares on the ASX
• Why the Zip (ASX:Z1P) share price is dropping lower today
• Why the Crown (ASX:CWN) share price could be hit harder than others today

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 ZIPCOLTD FPO. The Motley Fool Australia owns shares of and has recommended Blackmores Limited. The Motley Fool Australia has recommended InvoCare 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 Worley Ltd (ASX: WOR) share price took a dive this morning after issuing a disappointing profit update.

It looks like the oil price recovery from COVID-19 may be slipperier to grasp than investors had originally thought!

The WOR share price crashed 13.2% to a three month low of $9.91 at the time of writing. This makes the engineering contractor the worst performer on the S&P/ASX 200 Index (Index:^AXJO) by a country mile.

The next worse ASX stock is the Lynas Rare Earths Ltd (ASX: LYC) share price with a 5.7% plunge followed by the Janus Henderson Group CDI (ASX: JHG) share price with its 4.7% drop.

WOR share price hit by profit downgrade

The Worley share price is worse for wear as its first half profit is expected to be way down from the same time last year.

Management is predicting that group revenue will range between $4.4 billion and $4.5 billion in 1HFY21.

Interim underlying earnings before interest, tax and amortisation (EBITA) will fall to $200 million to $210 million.

This compares to 1HFY20’s revenue of $6 billion and EBITA of $366 million. The impact of COVID is laid bare for all to see!

Big drop from pre-COVID

Management is blaming the pandemic for the poor result. It noted that several projects have been deferred but tried to put a positive spin on things.

While project commencements have been pushed back, Worley is seeing few cancellations. Management is convinced these deferred projects will restart when the global economy improves.

Worley taking a spin on the poor update

It also was quick to point out that the group “continued to generate strong operating cash flow” and cut net debt by $1.2 billion to its lowest since its ECR acquisition in 2018.

Further, the earnings weakness is partially offset by cost savings from a headcount reduction of around 47,600 and synergies from the ECR transaction.

If that wasn’t a “rosy” enough picture, management believes the new US Biden presidency is great for its business.

Worley’s energy transition

Worley is in the process of pivoting towards renewable energy projects and away from carbon.

“The clear shift in the political environment in the USA as well as ongoing policy rollout and anticipated increases in investment in the UK, Europe and Canada provide near-term opportunities in hydrogen, electrification, carbon capture, offshore wind and nuclear, while North America remains buoyant in renewable fuels and circular economy projects,” said Worley.

Foolish takeaway

While the medium- to longer-term outlook is positive for Worley, the trouble is the near term uncertainty.

The pivot takes time and the global economic recovery from COVID remains highly uncertain.

What’s more, while the positive operating cash flow is reassuring, it’s still down from the $277 million it generated in 1HFY20.

Investing in Worley requires a lot of patience, in my view. And after three years of disappointments, that’s a lot of ask of shareholders.

More reading

• Why Afterpay, ResMed, Temple & Webster, & Worley shares are dropping lower
• Why the Crown (ASX:CWN) share price could be hit harder than others today
• These were the worst performing ASX 200 shares in January
• These were the best performing ASX 200 shares in January
• ASX 200 Weekly Wrap: Reality (and GameStop) finally hits ASX

Motley Fool contributor Brendon Lau owns shares of Lynas Limited and WorleyParsons Limited. Connect with me on Twitter @brenlau.

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 Link Administration Holdings Ltd (ASX: LNK) share price is edging higher today following two positive updates.

While the broader ASX market has fallen heavily in the past few days, the administration services company’s shares are pushing 1.67% higher to $4.86.

What’s new?

The Link share price is on the move today after the company provided investors with updates on its previously announced Pepper European Servicing (PES) takeover, and demerger of its investment in Property Exchange Australia Limited (PEXA).

PES

In today’s release, Link advised that it will exercise its right to terminate the binding agreement to acquire PES. This comes after the transaction, pending regulatory approvals and commercial conditions, lapsed the expiry date.

Previously, Link entered into a binding agreement on 30 January, 2020, to takeover PES from the Pepper Group for £165 million.

Based in London, PES provides end-to-end loan servicing and asset management in residential and commercial sectors throughout Europe.

PEXA

In additional news, Link also revealed that the trade sale process of PEXA is tracking along well.

The company stated that it will put forward the trade sale process to maximise value for shareholders. Link will demerge its investment in PEXA through the sale of its shares and shareholder loans. Furthermore, the company said that the refinancing of its external debt will no longer go ahead.

Words from the head of Link

Commenting on the updates, Link Group CEO & managing director Vivek Bhatia said:

The Link Group business is resilient with strong foundations. We have a clear strategic focus to simplify the business, deliver the global transformation program and maintain a strong balance sheet. As a result of the termination of the PES transaction, we will preserve the capital for future growth opportunities.

The board is committed to maximising the value of its interest in PEXA for Link Group’s shareholders. PEXA’s cash balance continues to strengthen month-on-month highlighting the strong cash-flow conversion of this investment.

About the Link share price

The Link share price has underperformed over the past 12 months, with its shares down 25%.

Having reached a 52-week high of $6.65 last January, the company’s shares took a steep dive in the following months. During the coronavirus-led market meltdown in March, its shares hit an all-time low of $2.64 before gradually climbing over time.

Based on the current share price, Link commands a market capitalisation of roughly $2.5 billion.

More reading

• These were the worst performing ASX 200 shares in January
• These ASX 200 shares have been smashed in 2021
• Why the Link (ASX:LNK) share price is one to watch this morning
• These were the worst performing ASX 200 shares last week
• ASX 200 rises 1.5%

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 Link Administration Holdings Ltd. The Motley Fool Australia has recommended Link Administration Holdings Ltd. 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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It has been a busy week for WallStreetBets as the GameStop Corp (NYSE: GME) short squeeze took the world by storm. This event has been the talk of the town as the literal manifestation of the collective little guy versus the big guy hedge fund managers.

However, it appears that the party doesn’t stop at GameStop and other heavily shorted names – now the attention has turned to a silver squeeze. Yet, this time the community isn’t as one-minded about this particular squeeze.

The path to this moment

Last week’s GameStop mania led to Melvin Capital Management and Citron Research removing their short positions as the losses stacked up. Brokers have also found themselves under the public’s microscope due to the trading restrictions imposed on a basket of stocks experiencing high volatility.

Brokers cited liquidity being the major cause for restrictions, as the high volatility could have left the brokers in a position without funds to cover the interim, increasing the value at risk (VAR).

Once restrictions were put in place, the attention shifted to other non-restricted tradeable listings, such as Dogecoin. The cryptocurrency experienced a surge of 900% in the space of one day – at which point Robinhood proceeded to restrict the trading of Dogecoin as well, as reported by Business Insider.

The result of these stoppages in momentum has pushed some of the community onto its next target, silver.

Silver squeeze in two minds

The original hypothesis on WallStreetBets titled “THE BIGGEST SHORT SQUEEZE IN THE WORLD $SLV Silver $25 to $1,000” outlines a belief that silver is manipulated to cover inflation by shorting with paper contracts.

Users on the subreddit pegged the inflation-adjusted price at $1,000. Some in the community believe this will hit the likes of JP Morgan, which settled a lawsuit not too long ago over ‘spoofing’ of the precious metals market.

Alternatively, there are many others in the community who see the silver squeeze as a distraction from the real agenda, which has been targeting the hedge funds. Furthermore, many believe that JP Morgan and others, such as Citadel, are actually long on silver – which means an increase in the price of the commodity would benefit them.

The price of silver and ASX silver shares is increasing

Today, the silver price is on the increase – trading up roughly 7% to a spot price of A$28.60 (at the time of writing) with silver mining companies benefitting from the push. Some ASX silver shares trading upwards today include Adriatic Metals PLC (ASX: ADT) up 14.7% and Thomson Resources Ltd (ASX: TMZ) up 38.5% at the time of writing.

Many of the popular bullion dealers, including APMEX, are currently reporting unprecedented demand for physical silver as well.

The outcome of the latest short squeeze attempt will likely develop over the coming days. But at the moment it seems that the WallStreetBets community isn’t fully aligned on this one, as they were for GameStop.

More reading

• The worst mistake GameStop investors can make right now
• ASX 200 Weekly Wrap: Reality (and GameStop) finally hits ASX
• How to buy US shares from Australia right now
• GameStop chaos: Real reason Robinhood cut off retail investors
• GameStop frenzy: 3 shorted ASX shares that could shoot up

Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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In late morning trade the S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a decline. At the time of writing, the benchmark index is down 0.4% to 6,578.7 points.

Four ASX shares that are falling more than most today are listed below. Here’s why they are dropping lower:

Afterpay Ltd (ASX: APT)

The Afterpay share price is down 2.5% to $131.53. Investors have been selling Afterpay and other tech shares today after their US counterparts dropped lower on Friday night. The technology-focused Nasdaq index tumbled 2% to extend its weekly decline to over 3%. The S&P/ASX All Technology Index (ASX: XTX) is down 2% at the time of writing.

ResMed Inc. (ASX: RMD)

The ResMed share price is down 3.5% to $26.24. This morning analysts at Morgan Stanley retained their neutral rating but trimmed the price target on the medical device company’s shares to $27.40. It believes that COVID-19 related ventilator sales have now peaked and that its shares are fully valued at the current level.

Temple & Webster Group Ltd (ASX: TPW)

The Temple & Webster share price has tumbled 8% lower to $10.53. This is despite there being no news out of the online furniture and homewares retailer. However, with its half year results due to be released tomorrow, some investors may be nervous that it may not live up to the market’s lofty expectations.

Worley Ltd (ASX: WOR)

The Worley share price has crashed 15% lower to $9.72. This follows the release of a trading update this morning which revealed that COVID-19 has had a big impact on its first half performance. Combined with foreign exchange headwinds, Worley expects aggregated revenue to be in the range of $4.4 billion to $4.5 billion for the first half. Underlying EBITA is expected to be between $200 million to $210 million. This is down from $5,998 million and $366 million, respectively, a year earlier.

More reading

• Top ASX shares to buy in February 2021
• ASX 200 Weekly Wrap: Reality (and GameStop) finally hits ASX
• 3 reasons to consider Sezzle (ASX:SZL) at this share price
• 2 ASX shares that are growing rapidly
• 3 very impressive ASX quarterly updates from last week

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 Temple & Webster Group Ltd. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool Australia has recommended ResMed Inc. and Temple & Webster Group Ltd. 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 Vmoto Ltd (ASX: VMT) share price has fallen 7.7% to 47.5 cents this morning after tumbling almost 9% in opening trade today.

This comes despite a relatively positive update from the global electric vehicle company on its fourth quarter 2020 activities (quarter ending 31 December).

It also comes as the wider All Ordinaries Index (ASX: XAO) is following US and European markets sharply lower, currently down 1.2%.

What did Vmoto report in its fourth quarter results?

In an announcement to the ASX this morning, the electric scooter manufacturer revealed strong performance, crediting its business to business (B2B) products for helping drive an increase in demand for its products.

The 6,028 units sold in the fourth quarter were consistent with Vmoto’s expectations. Total units sold in the 2020 financial year reached 23,547 units. That’s an increase of 18% from the previous financial year and up 117% from the 2018 financial year.

International sales also reached new records, with the 21,416 units sold representing a 24% increase from the previous financial year.

Vmoto reported it is currently has 7 ride sharing operators globally as clients, while it is negotiating with 14 other ride sharing operators. It is also supplying products to 12 delivery customers with 13 potential new deliver customers in the pipeline.

The company reported it had no bank debt as at 31 December with a net cash position of $15 million. That’s up from just under $7 million net cash held on 31 December 2019.

Looking ahead, Vmoto reported that it has 11,000 international orders held, which it expects will provide a “runway for a strong year of sales” for the year ahead.

The company is also optimistic about its European market, writing:

With the European governments’ initiatives to encourage consumers to adopt electric vehicles and the impacts from COVID-19 on personal and public transportation, the company believes it is well positioned to benefit over both the short and longer term.

Vmoto share price snapshot

The ASX’s only two-wheeled electric vehicle manufacturer had a strong start to the year. Even with this morning’s 8.7% loss taken on board, the Vmoto share price is still up 9.3% in 2021. That compares to a 2.5% loss for the All Ords.

Over the past 12 months, Vmoto’s share price is up 68%. The company has a market cap of $142 million.

More reading

• ASX 200 Weekly Wrap: Reality (and GameStop) finally hits ASX
• Revenue growth pushes Wisr (ASX:WZR) share price higher
• The Next Science (ASX:NXS) share price is up 8% today. Here’s why
• Here’s why the Volpara (ASX:VHT) share price is edging higher
• Why the 4DMedical (ASX:4DS) share price is soaring higher

Motley Fool contributor Bernd Struben 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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