Tag: Motley Fool

The BHP Group Ltd (ASX: BHP) share price is up 3.2% at the tail end of Monday’s lunch hour.

BHP shares closed Friday trading for $38.09 and are currently trading for $39.31 apiece.

This comes amid a strong day for the markets more broadly, with the S&P/ASX 200 Index (ASX: XJO) up 1.1% at this same time.

And the materials sector is up twice that much, with the S&P/ASX 200 Materials Index (ASX: XMJ) having gained 2.2% today.

So, why is the BHP share price outperforming?

All eyes back on China

When the materials sector is widely outpacing the benchmark index, one of the first things to check is the iron ore price.

As expected, the industrial metal is up 3.9% today, trading for US$103.65 per tonne. That’s a slightly higher boost in iron ore than we currently see in the BHP share price.

But there may be more tailwinds ahead.

That’s because inflation in China, the world’s number two economy and top importer of Aussie hard commodities, came in below consensus expectations.

The latest consumer price index (CPI) figures showed a 2.5% year-on-year increase in August. Inflation slowed from a 2.7% increase in July, as China’s economy continues to struggle amid the nation’s COVID-zero policy lockdowns.

In a classic case of bad news for a major economy being potentially good news for markets, the slowdown opens the door for the government and the People’s Bank of China to provide more stimulus.

That, in turn, could send commodities like iron ore higher, helping support the BHP share price.

According to Eric Zhu, Bloomberg’s China economist:

China’s soft price data for August suggests inflation won’t be a major constraint to monetary easing anytime soon. To the contrary, anaemic gains in core consumer prices and deep falls in metal costs are signs of weak demand and a recovery that’s struggling on multiple fronts. This means more policy support is needed.

BHP share price snapshot

The BHP share price was just shy of record highs on 19 April this year, but has since retraced alongside the price of iron ore.

Year to date, BHP shares are down 7%, which compared to an 8% fall in the ASX 200 over that same period.

The post Why is the BHP share price booming on Monday? appeared first on The Motley Fool Australia.

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More reading

• Why A2 Milk, BHP, Lovisa, and Nickel Industries shares are charging higher
• How big will the BHP dividend be in 2023?
• 5 things to watch on the ASX 200 on Monday
• Why did ASX 200 iron ore shares have such a strong end to the week?
• What’s happening with BHP shares this week?

Motley Fool contributor Bernd Struben 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 Scott Phillips.

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It’s been many moons since we last saw a 52-week high for the CSL Limited (ASX: CSL) share price. Today, shares of the ASX 200 healthcare giant are going for $296.90 each at the time of writing, down by 0.58% over the session so far.

But we have to backtrack to November last year to find the last time this company was hitting new highs. Back in late November, we saw the CSL share price hit a high of $319.78 per share.

That is the company’s reigning 52-week high – a level we haven’t seen the company even approach since. In fact, it was only three months or so later that CSL was hitting a new 52-week low of $240.10 per share.

So today, CSL shares are close to the middle of this 52-week range.

This begs the question: what’s next for the CSL share price? Will we be heading back to the company’s 52-week high in 2022?

Is the CSL share price heading back to its 52-week high in 2022?

Well, one ASX broker reckons CSL is in with more than a chance. As my Fool colleague James covered just yesterday, broker Citi is expecting big things from the ASX 200 healthcare share. Citi likes what it sees with CSL’s recent acquisition of Vifor Pharma and its development pipeline.

The broker rated CSL a buy, with a 12-month share price target of $340. Not only is that target well above CSL’s current 52-week high, but it is also tantalisingly close to the company’s all-time high of $342.75 a share.

Indeed, if this price target came to pass, it would mean an upside of more than 14% on the current CSL share price. But since this target is a 12-month one, we can’t say the broker is expecting a new high by the end of this year.

Even so, no doubt investors will welcome that news. But we’ll have to wait and see if Citi’s projections prove accurate, as always.

In the meantime, CSL shareholders can now look forward to receiving the company’s final dividend of $1.758 per share which will be paid out next month on 5 October.

At the current CSL share price, this ASX 200 healthcare share has a market capitalisation of around $144 billion, with a dividend yield of 1.04%.

The post Can the CSL share price regain its 52-week high in 2022? appeared first on The Motley Fool Australia.

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More reading

• Experts name 2 blue chip ASX shares to buy that Warren Buffett would love
• The CSL dividend just got updated. How much will you be getting?
• The CSL share price is still trading just 10% above its COVID-crash low. Is it a buy?
• Fundie reveals the 2 ASX shares he’d buy and hold for 4 years
• Should all ASX investors be buying defensive shares right now?

Motley Fool contributor Sebastian Bowen has positions in CSL Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL Ltd. 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 Scott Phillips.

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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a strong gain. At the time of writing, the benchmark index is up 1% to 6,964.5 points.

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

A2 Milk Company Ltd (ASX: A2M)

The A2 Milk share price is up over 2% to $5.68. This morning the infant formula company revealed that regulators in China have extended the registration of its Chinese label products until February. This registration was due to expire this month. A2 Milk will still have to register its product to new food safety standards by February.

BHP Group Ltd (ASX: BHP)

The BHP share price is up 3.5% to $39.37. Investors have been buying this mining giant’s shares after iron ore and other commodity prices pushed higher on Friday night. Traders were bidding commodity prices higher amid optimism that Chinese demand will increase thanks to stimulus packages.

Lovisa Holdings Ltd (ASX: LOV)

The Lovisa share price is up 3.5% to $24.59. This has been driven by the release of yet another bullish broker note this morning. According to a note out of Morgan Stanley, its analysts have retained their overweight rating and lifted their price target on this fashion jewellery retailer’s shares materially to $27.25. Morgan Stanley believes the company can grow its store network quicker than anticipated.

Nickel Industries Ltd (ASX: NIC)

The Nickel Industries share price is up almost 7% to 95.5 cents. Investors have been buying this nickel producer’s shares following the release of an update on its Hengjaya Mine in Indonesia. According to the release, the company has upgraded its mineral resource to 300 million dry metric tons, with an average grade of 1.22% nickel and 0.09% cobalt. This equates to approximately 3,700,000 tons of nickel metal and 270,000 tons of cobalt. This represents a 333% increase to its measured resources.

The post Why A2 Milk, BHP, Lovisa, and Nickel Industries shares are charging higher appeared first on The Motley Fool Australia.

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More reading

• Here’s why the Nickel Industries share price is racing 7% higher
• How big will the BHP dividend be in 2023?
• Why is the A2 Milk share price storming 6% higher on Monday?
• A2 Milk share price on watch following China update
• 5 things to watch on the ASX 200 on Monday

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 A2 Milk and Lovisa Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Whitehaven Coal Ltd (ASX: WHC) share price is tracking lower in afternoon trade on Monday in the red.

At the time of writing, shares in the coal giant are down more than 1% at $8.62 apiece despite no market-sensitive news.

Meanwhile, the price of coal has slipped back to start the new week, after the black rock reached record highs of US$460 per tonne last week.

Both the Whitehaven share price and the coal price are plotted below for the past 12 months.

What’s up with the Whitehaven share price?

Coal prices have a direct bearing on the ASX producers getting the essential commodity from mine to its end-use.

As the price of coal has been tremendously buoyant this year, so too has the ASX coal basket, in unison with the upside.

However, with the reversal of prices into this session, the same basket has clipped some losses today.

For, instance fellow coal players New Hope Corporation Limited (ASX: NHC) and Yancoal Ltd (ASX: YAL) are down less than 1% and 2.5% on the day respectively.

This comes after all three names have recently advanced to new 52-week highs in the recent days of trading.

Therefore, it stands to reason that the price of coal slipping back to range, plus a softening of continued strength in the sector are key points for consideration.

In addition to this, it’s been noted that former Whitehaven chairman, John Conde, has sold down a position of 250,000 shares in the company, ahead of his retirement.

In filings posted to the ASX this morning, Whitehaven noted the sale and also that Conde still has a position of over 458,000 shares in the company.

In total, the sale is supposed to give the former hydrocarbons company chair over $2 million.

The Whitehaven share price currently trades on a price-to-earnings ratio (P/E) of approximately 4.5 times and has soared more than 230% this year to date.

The post Why is the Whitehaven share price lagging the ASX 200 on Monday? appeared first on The Motley Fool Australia.

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More reading

• Here’s why ASX 200 energy shares are diving lower today
• Why Karoon Energy, Pilbara Minerals, PointsBet, and Whitehaven Coal are rising
• How are ASX 200 energy stocks performing on Tuesday?
• Whitehaven share price surges to yet another all-time high, here’s why
• The Whitehaven share price has surged 36% in a month. Why Morgans predicts more ‘supercharged returns’

Motley Fool contributor Zach Bristow 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 Scott Phillips.

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ASX lithium shares are having a mixed day but there are two that are surging higher today.

The two outperformers are ASX minnows are Lithium Energy Ltd (ASX: LEL) and Global Lithium Resources Ltd (ASX: GL1).

The former jumped 9.6% to a high of $1.26 before settling to trade 4.35% higher at $1.20 a share at the time of writing. Meanwhile, the Global Lithium share price recorded an 11.87% jump, hitting $2.45. It’s currently trading for $2.40, 9.59% higher.

In contrast, the All Ordinaries (ASX: XAO) is1.05% ahead while fellow lithium producer Allkem Ltd (ASX: AKE) is down 0.91% to $15.805 a share.

Hopes building for Lithium Energy share price

The Lithium Energy share price gathered momentum amid the company announcing the start of its first landmark drilling program.

The miner commenced drilling at its Solaroz Lithium Brine Project in Argentina. The project is within the so-called Lithium Triangle and is close to Allkem’s mines.

The first hole is being drilled adjacent to Allkem’s Olaroz Lithium Facility. Lithium Energy plans to drill 10 holes going for circa 5,000 metres.

Rising tide lifts all ASX lithium shares

Announcements like this don’t normally attract such excitement. After all, it’s the results from the drilling that are more important.

But it doesn’t seem to take much to trigger a rally in ASX lithium shares. The commodity is in hot demand with several experts predicting a supply shortfall and booming demand for years to come.

Further increases in the price of lithium are adding to the fervour. Macquarie Group Ltd (ASX: MQG) noted on Friday that Chinese spot technical and battery-grade lithium carbonate (LCE) prices are up week on week (WoW).

More price gains for lithium

The prices gained 1% each to RMB482,500 per tonne (US$69,400/t) and RMB495,500/t (US$71,300/t), respectively (non-VAT adjusted).

The broker added:

Lithium carbonate supply remains tight in China due to logistic challenges caused by lockdowns in Sichuan and Qinghai. Realised spodumene prices rose 2% WoW to US$5,110/t.

Macquarie also noted that Global Lithium has recently secured a third drill rig at Manna. This will enable the ASX lithium miner to speed up infill drilling at the deposit.

Should you buy these ASX lithium shares?

The broker has an ‘outperform’ recommendation on the Global Lithium and Allkem share prices. Its 12-month target on the ASX lithium shares are $2.50 a share and $21 a share, respectively.

Macquarie does not cover the Lithium Energy share price, which has rallied 108% over the past year.

By comparison, the Global Lithium share price is up 513% and the Allkem share price is up 76% over the period.

The post 2 ASX lithium shares leaping more than 9% on Monday appeared first on The Motley Fool Australia.

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More reading

• Brokers name 3 ASX lithium shares to buy
• Here are the top 10 ASX 200 shares today
• Why is the Global Lithium Resources share price rocketing 27% this week?
• 3 ASX 200 directors who have been selling shares in their companies this week
• 5 ASX 200 lithium shares with the lowest levels of debt

Motley Fool contributor Brendon Lau has positions in Allkem Limited and Macquarie Group 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 has recommended Macquarie Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Star Entertainment Group Ltd (ASX: SGR) share price has been frozen as the company prepares to receive the findings of a review into its suitability to operate its Sydney casino.

The review, undertaken by Adam Bell SC, is rumoured to have found the company unfit to run the casino.

The company responded to such speculation today, saying it’s unaware of any findings thus far.

The stock was put into a trading halt this morning. It’s expected to remain frozen until the report is released. It last traded at $2.66.

Let’s take a closer look at what’s going on with the S&P/ASX 200 Index (ASX: XJO) casino operator this week.

Star share price frozen ahead of ILGA findings

The Star share price is on ice today as the company, and the market prepares to learn of the fate of its Sydney casino.

The final report on a review conducted by the NSW Independent Liquor and Gaming Authority (ILGA) is expected to be released tomorrow.

It follows an inquiry that reportedly heard that the casino operator misled regulators, involved itself in suspicious junket dealings, and concealed gambling spending.

The review found the company unfit to hold a casino licence in New South Wales, according to reporting by The Australian.  

However, it’s expected to be offered a remediation program similar to that undergone by formerly ASX-listed Crown.

Responding to the publication’s claims, the company said it “has not received a copy of the report [and] is unaware of its contents”.

It also said the trading halt is “necessary as otherwise trading in securities may take place in an uninformed market”.

It will make a further statement following the release.

The company is also facing an inquiry in Queensland regarding the operations of The Star Gold Coast and Treasury Casinos.

The post Star Entertainment share price halted amid licence probe appeared first on The Motley Fool Australia.

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More reading

• ASX falls, eyes on the Fed and huge petrol profits. Scott Phillips on Nine’s Late News
• Star Entertainment share price slides on $32 million loss

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 Scott Phillips.

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The Westpac Banking Corp (ASX: WBC) share price has been having a tough time over the last 12 months. Since this time last year, the banking giant’s shares have lost over 16% of their value.

As a comparison, over the same period, the Commonwealth Bank of Australia (ASX: CBA) share price is down 5% and the National Australia Bank Ltd (ASX: NAB) share price is up 6%.

While this is disappointing, it could be good news for income investors that are looking for big dividend yields.

Westpac dividend

According to a recent note out of Goldman Sachs, its analysts are expecting the Westpac dividend to increase to a fully franked $1.35 per share in FY 2023. This will be up almost 10% from an estimated $1.23 per share this year.

Based on the current Westpac share price of $21.46, this implies a generous 6.3% dividend yield in 2023.

But the returns don’t stop there. Goldman Sachs currently has a conviction buy rating and $26.55 price target on the bank’s shares. This implies potential upside of 24% for investors over the next 12 months. Combined, this suggests a total potential return of over 30% for investors.

What is the broker saying?

Goldman believes that rising rates and its cost cutting plans will be a boost to Westpac’s earnings and support this dividend increase in FY 2023. It also believes Australia’s oldest bank’s shares are trading on very attractive multiples compared to historic levels. The broker explained:

We continue to see WBC as our preferred exposure to the A&NZ Financials reflecting: i) its strong leverage to rising rates, ii) while we think its A$8 bn FY24 cost target will now be unachievable, we still forecast a 7% reduction in underlying expenses, iii) its recent market update highlighted that the business is still investing effectively in its franchise, and iv) our 12-mo TP implies a 23% TSR [now `30%], and we note the stock is trading at a 20% discount to peers, versus the historic average discount of 2%.

The post What will the Westpac dividend be in 2023? appeared first on The Motley Fool Australia.

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More reading

• Billions in liabilities could be set to hit CBA and other ASX banks: expert
• Westpac shares stepped into the green today amid RBA’s softer tone
• Why is the NAB share price diving more than the other big 4 ASX banks today?
• Why rising rates are a ‘sugar hit’ for ASX 200 bank shares: Macquarie
• When will the RBA stop raising rates? Here’s what Westpac thinks

Motley Fool contributor James Mickleboro has positions in Westpac Banking Corporation. 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 Westpac Banking Corporation. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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

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

Shiba Inu (CRYPTO: SHIB) skyrocketed to fame as a popular meme coin with little to no intrinsic value. You simply bought the coin because it featured a cute dog as a mascot, and it only seemed to go up in value.

For an almost comically low price of $0.000012, you, too, can still own a cryptocurrency with seemingly unlimited upside potential. But there is just one problem: The cryptocurrency launched with a massive supply of one quadrillion coins (a one followed by 15 zeros).

To put that into perspective, the current circulating supply of Ethereum (CRYPTO: ETH) is 122 million coins. The maximum total supply of Bitcoin (CRYPTO: BTC) — ever — will be 21 million coins. It’s evident that Shiba Inu has a problem with oversupply — one quadrillion is an insanely high number. There’s too much supply of Shiba Inu and not enough demand. Until it dramatically reduces the number of coins, its price has limited upside potential. 

Burn, baby, burn

For that reason, I’ve increasingly come to realize that there is only a single metric that should be used to value Shiba Inu: burn rate. This refers to the rate at which users are burning Shiba Inu tokens. The higher the coin burn rate, the better.

“Burning tokens” does not imply that people all over the world are holding massive bonfires. It simply means they are permanently removing tokens from circulation by transferring them to a “dead” wallet where the private cryptographic keys have been thrown away. 

Looking at the total supply of Shiba Inu today, you might be puzzled to see a figure of 589.6 trillion coins. That would seem to imply that 410.4 trillion coins have already been burned. But that’s really due to the efforts of a single person, Vitalik Buterin, co-founder of Ethereum.

The anonymous founder of Shiba Inu, known as Ryoshi, sent Buterin nearly half the supply of Shiba Inu as a gift back in 2020. Buterin promptly turned around and burned 410 trillion tokens. And it wasn’t easy, either. Burning that much worthless digital currency actually requires quite a bit of planning.

Shiba Inu burn calculations

Luckily, there are now publicly available sources that let you know how much Shiba Inu is being burned these days. According to estimates, 300 million tokens were burned in the first week of September alone. In one spectacular 24-hour period, over 100 million tokens were burned. In September, the average burn rate is now 23.67 million Shiba Inu tokens per day, which is up more than 138% from the average daily rate in August. 

No matter where you look these days, it seems like people are talking about ways to burn Shiba Inu. They have realized that an initial circulating supply of one quadrillion coins has devalued the currency. Burning is the only way to bring supply and demand back into balance.

The logic is simple: More Shiba Inu has to burn for it to become valuable. Maybe I’m being too cynical about its future, but it’s hard not to see every new project launched by the Shiba Inu community as a clever way to burn tokens and get them out of circulation. 

How much Shiba Inu still needs to burn?

So, the big question is: How much more has to burn before SHIB becomes a buy? Assuming a market capitalization of $7 billion, which is what it is valued at today, if Shiba Inu ever wants to reach the $1 mark, it would have to reduce the total supply to around seven billion coins. But, again, the total circulating supply was so insanely high at launch, that reaching that seven billion mark will be difficult. Shiba Inu would need to burn more than 99% of all its existing coins to get supply and demand back into balance. 

So that’s why the only metric that matters anymore is burn rate. I don’t want to hear about new apps, new scaling solutions, or new metaverse projects unless they offer new ways to burn tokens.

Once the massive oversupply of Shiba Inu tokens is under control, that’s when I might decide to get back into the market for what has become an extremely devalued cryptocurrency.

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

The post Is Shiba Inu a buy? This one metric holds the answer appeared first on The Motley Fool Australia.

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More reading

• Santos share price dips amid sell-off rumours
• Who owns shares in ASX tech company Novonix right now?
• Guess which tiny ASX mining share just rocketed 30% on lithium news?
• Down 20% in 2022, is the Lynas share price too cheap to ignore?
• Here’s why the Nickel Industries share price is racing 7% higher

Dominic Basulto has positions in Bitcoin and Ethereum. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in 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 Scott Phillips.

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

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The Santos Ltd (ASX: STO) share price is drifting lower in early afternoon trade on Monday.

At the time of writing, shares in the oil and gas are trading 1.4% lower at $7.74 apiece, despite no market-sensitive updates from the company.

In broader market moves, the S&P/ASX 200 Energy Index (ASX: XEJ) is 0.2% in the green while the S&P/ASX 200 Index (ASX: XJO) is 1.1% higher.

What’s up with the Santos share price?

Energy shares have caught a small bid today as Brent Crude oil advanced higher last week with the world oil benchmark now trading at US$91.2/Bbl.

This is after hitting lows of US$87/Bbl last week, amid fears of a global recession with central banks continuing to raise interest rates in a bid to combat inflation.

Geopolitical risks surrounding the conflict in Europe have also weighed in.

At the same time, Santos released a short update to the market today.

While not price sensitive, the company commented on media reports that large shareholder ENN Group International Investment Limited (ENN) was selling down its near 10% stake in the company.

“Santos notes media speculation today regarding a potential selldown by ENN of a 9.97%
stake in [the company],” Santos detailed today.

“ENN lodged a notice of ceasing to be a substantial shareholder in Santos with ASX on 22 April
2022, disclosing that their shareholding had dropped below 5%.”

Santos share price snapshot

The Santos share price has gained 23% year to date and 28% over the past 12 months.

Today’s trading activity sees the sideways trend continuing after bouncing from lows last month. The share price now trades back in range with June 2022 levels, as seen below.

The post Santos share price dips amid sell-off rumours appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Monday
• Here’s why the ASX 200 could be set up for an almighty rally before the end of this horrible year for stocks
• Here’s why ASX 200 energy shares are diving lower today
• The Santos share price is under pressure today. Here’s why
• Why has the oil price been so volatile lately?

Motley Fool contributor Zach Bristow 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 Scott Phillips.

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Novonix Ltd (ASX: NVX) has been in the spotlight recently, its share price buoyed by the rapid positive developments in the lithium exploration industry. This has led some people to ask, who owns shares in Novonix on personal and institutional levels.

The good news is that this question is easily answered as it’s accessible to the general public.

So let’s break down who owns a stake in Novonix.

Novonix bag holders

The Fool’s company page for the battery metals company lists its three main institutional shareholders as the following:

Company	Shares owned	% of total capital
St Baker Energy Holdings Pty Ltd	62,843,522	15.53
Citicorp Nominees Pty Limited	32,619,424	8.06
Allegro Capital Nominees Pty Ltd	24,336,337	6.01

On a personal level, Market Index lists the following director interests of Novonix shares:

Director	Direct shares	Indirect shares	Options
Andrew Liveris	5,066,000	4,132,794	9,000,000
Robert Cooper	652,612	16,028,818	200,000
Anthony (Tony) Bellas	66,000	2,346,374	0
Robert Natter	631,034	1,500,000	1,500,000

It should be noted there have not been any on-market director share purchases over the past two years.

Novonix share price snapshot

The Novonix share price is down 0.22% at the time of writing, after spending most of the morning in the green.

Novonix shares are down around 74% year to date. Meanwhile, the S&P/ASX 200 Index (ASX: XJO) is down 6.4% over the same period. The company’s market capitalisation is $1.12 billion.

The post Who owns shares in ASX tech company Novonix right now? appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Why is the Novonix share price soaring 11% today?
• Why is the Novonix share price smashing the ASX 200 on Wednesday?
• Slide continues: Novonix share price dumps 14% in 2 days
• Why did the Novonix share price crumble 14% in August?

Motley Fool contributor Matthew Farley 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 Scott Phillips.

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