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Shares of Terragen Holdings Ltd (ASX: TGH) doubled earlier today, up 100% at 27 cents apiece. They have since partially retreated and are currently swapping hands for 24 cents apiece, still an impressive 78% gain on yesterday’s closing price.

Investors are bidding up this ASX share on the back of a company announcement that suggests Terragen’s Mylo feed supplement reduces methane in dairy cows.

While it’s been a fairly consistent walk downwards for Terragen’s shareholders over the past five years, today’s announcement marks a new direction for the developer of agricultural bio solutions.

What did this ASX share announce?

The Terragen share price took off this morning after the company announced the results from research conducted at dairy research farm, Elinbank SmartFarm.

Testing involved 40 lactating cows separated into groups, with one cohort receiving Terragen’s Mylo organic feed supplement at 10mL/day for 40 days.

“Mylo, in use across 125 Australian dairy farms, is one of the tools a livestock producer can use to increase productivity, reduce methane emissions and meet sustainable agriculture goals,” Terragen says.

One in three Australian dairy cows use the product daily, and it offers the farmer a return on investment “of at least 5:1”, the company says.

The study’s findings showed that those cows receiving Mylo in that protocol produced 7.5% less methane per litre of milk and gained 21% more weight than control cows.

“This research indicates that Mylo can reduce methane emissions by the equivalent of 100 tonnes of CO2 per 350-cow dairy farm per year,” it added.

“More research at Ellinbank SmartFarm is planned to determine if higher doses of Mylo will reduce methane emissions further.”

Terragen also said its findings have implications for the broader beef industry due to the amount of weight cattle gained by including its product in feed.

Despite today’s gains, this ASX share is still almost 30% in the red for the past 12 months.

The post What unusual ‘windfall’ is shooting this ASX share price 100% higher? appeared first on The Motley Fool Australia.

More reading

• The Rio Tinto dividend was paid today. Here’s the lowdown
• 3 ASX 200 stocks smashing 52-week highs today
• The Core Lithium share price is sinking 6% today. Why?
• Australia’s first Bitcoin ETF is listing next week. Here’s what you need to know
• Volpara share price slips despite milestone CEO change

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 Bruce Jackson.

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The Rio Tinto Limited (ASX: RIO) share price is edging lower amid the company’s eligible shareholders being rewarded today.

The mining giant’s shares are currently down 1.32% to $116.74 apiece.

In context, the S&P/ASX 200 Index (ASX: XJO) is climbing during Thursday trade. The benchmark index is up 0.36% to 7,596.2 points.

Rio Tinto pays out FY21 final dividend

Rio Tinto reported record numbers across key metrics in its full year results for the 2021 financial year.

In summary, net cash from operating activities jumped 60% year-on-year to US$25.35 billion. This was driven by higher commodity prices.

Subsequently, this flowed through to 88% higher free cash flow of $17.7 billion for the company.

Underlying earnings before interest, tax, depreciation and amortisation (EBITDA) soared 58% to US$37.72 billion.

At the end of the calendar year, Rio Tinto had $1.6 billion of net cash, compared with net debt of $0.7 billion at the start of the year.

As such, the board declared a fully franked dividend of $6.6284 per share to be paid on 21 April (today). This comprises of the 2021 final dividend of $5.7704 per share and a $0.8580 per share special dividend.

For those who elected in the dividend reinvestment plan (DRP), there was no discount rate offered by the company.

The $16.8 billion full-year dividend represents a payout of 79% of underlying earnings. This is above management’s policy of retuning between 40% to 60% of underlying earnings to shareholders.

Rio Tinto share price summary

Despite moving in circles during recent times, the Rio Tinto share price has gained 16% in 2022.

When looking at the last 12 months, its shares have backtracked to post a loss of around 3%.

Rio Tinto has a price-to-earnings (P/E) ratio of 9.01 and commands a market capitalisation of roughly $43.33 billion.

The post The Rio Tinto dividend was paid today. Here’s the lowdown appeared first on The Motley Fool Australia.

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• ASX 200 midday update: Ramsay rockets and Rio Tinto disappoints
• Rio Tinto share price falls on weak Q1 update

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Another day, another set of S&P/ASX 200 Index (ASX: XJO) shares launching to long-forgotten heights. Let’s take a look at the ASX 200 stocks taking out their previous 12-month records on Thursday.

Today is proving to be another good day on the market, with the celebrated index recording its fifth consecutive session of gains. Right now, the ASX 200 is 0.28% higher than where it ended Wednesday’s trade.

And these ASX 200 stocks are helping to boost it higher.

3 ASX 200 stocks launching to new 52-week highs

Origin Energy Ltd (ASX: ORG)

The Origin share price is hitting another post-COVID-19 high on Thursday, launching 3.1% at its intraday high to trade at $6.89.

There’s been no news to explain the ASX 200 energy producer and retailer’s stock’s gain. However, it’s also a good day on the market for many of its peers.

Right now, the S&P/ASX 200 Energy Index (ASX: XEJ) is up 0.9% while the S&P/ASX 200 Utilities Index (ASX: XUJ) is up 2%.

Challenger Ltd (ASX: CGF)

The Challenger share price is also leaping to a new 52-week high of $7.52. That represents a 10.1% increase on its previous closing price.

The gain follows the release of the ASX 200 stock’s quarterly update, which saw it in line to achieve the high end of its financial year 2022 guidance.

Challenger’s home sector – the S&P/ASX 200 Financials Index (ASX: XFJ) – is also having a good day, gaining 1.2%.

APA Group (ASX: APA)

The final ASX giant reaching a new 12-month record on Thursday is APA.

After besting its previous 52-week high only yesterday, the APA share price is at it again.

It launched 2% at its highest point of Thursday to trade at $4.50 ­– the highest it’s been since August 2020.

There hasn’t been news from the ASX 200 energy infrastructure stock since February.

However, earlier this week Cooper Energy Ltd (ASX: COE) announced the pair had extended their transition agreement for the Orbost Gas Processing Plant to 30 June.

The post 3 ASX 200 stocks smashing 52-week highs today appeared first on The Motley Fool Australia.

More reading

• ASX 200 midday update: BHP, Megaport, and Zip release Q3 updates
• Are Origin Energy shares really trading on a 3% dividend yield?
• ‘Exciting opportunity’: Why the Challenger share price just leapt 8%
• The APA share price just powered to a 52-week high
• 3 ASX 200 shares hopping to new 52-week highs today

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns and has recommended APA Group. The Motley Fool Australia has recommended Challenger 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 Core Lithium Ltd (ASX: CXO) share price is in the red today despite no news from the company.

The company’s shares are currently swapping hands at $1.385, a 5.78% fall. In contrast, the S&P/ASX 200 Index (ASX: XJO) is rising 0.3% today.

So, what’s happening with Core Lithium today?

Lithium prices ease

The Core Lithium share price may be sliding today, but it is not the only ASX lithium share to fall. The Allkem Ltd (ASX: AKE) share price is 1.43% in the red, while Liontown Resources Limited (ASX: LTR) is descending 1.8%. Meanwhile, Pilbara Minerals Ltd (ASX: PLS) is falling 0.18%.

Lithium carbonate prices in China have eased to 482,500 yuan per tonne in recent days. Lithium prices have shown no movement in the past day, while they are down 3.02% in the past month.

This is a huge contrast to the trend in January, February, and early March. Between 4 January and 15 March, lithium carbonate prices surged 79% to 497,500 yuan per tonne. Trading Economics reported China production of lithium carbonate increased by 41% in March, easing supply concerns. In the past year, lithium prices have exploded by 436%.

Core Lithium is exploring the Finniss lithium project in the Northern Territory. Lithium is a critical component for the batteries used in electric vehicles (EV).

Core Lithium also recently entered a binding agreement with Newmont Exploration to acquire the Shoobridge project in the Northern Territory.

Core Lithium share price snapshot

The Core Lithium share price has surged 436% in the past year, while it is up 136% this year to date.

For perspective, the ASX 200 has returned more than 8% in the past year.

Core Lithium has a market capitalisation of $2.4 billion based on its current share price.

The post The Core Lithium share price is sinking 6% today. Why? appeared first on The Motley Fool Australia.

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• What are the 10 biggest ASX shares in the lithium space
• Here are the top 10 ASX shares today
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• 3 ASX lithium shares that rocketed between 10% and 24% today
• Here are the top 10 ASX shares today

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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History will be made next week as Australia looks set to usher in its first Bitcoin (CRYPTO: BTC) exchange-traded fund (ETF).

In a monumental step for the cryptocurrency community, Cboe Australia (formerly Chi-X) will welcome the first crypto-backed ETFs in the country on 27 April. Making this event a reality is Sydney-based investment company Cosmos Asset Management, which has received the all-clear for its Bitcoin ETF product.

Demand for cryptocurrency products has been elevated despite the Bitcoin price being down 14.7% year-to-date.

Leading the charge for Bitcoin in Australia

If all goes to plan, Cosmos will be making it possible for Aussie investors to gain access to Bitcoin through an ETF on Wednesday. However, how this is being done may not be how you would have thought.

Cosmos won’t be directly buying and holding Bitcoin to back the ETF. Instead, the asset manager has partnered with Toronto-based Purpose Investments to bring this product to life.

For context, Purpose introduced the first ‘physically-backed’ Bitcoin ETF in the world around a year ago, appropriately titled the Purpose Bitcoin ETF. At present, the Purpose ETF holds A$1.08 billion in assets under management.

The product being offered by Cosmos will act as a conduit to the Purpose ETF. In simple terms, for every $1 someone invests in the Cosmos fund, Cosmos will buy another $1 worth in the Purpose ETF.

According to the AFR, ASX Clear has reached the minimum number of four stockbroking firms to proceed with the launch. Reportedly, the clearinghouse is requiring the participating firms to provide 41% of the collateral for trades. A proposition that ETF Securities chair Graham Tuckwell finds to be “ridiculous”.

Where to next for the Bitcoin ETF market?

People within the ETF industry are speculating that $1 billion could find its way into the crypto product upon launch. Unsurprisingly, with such obscene numbers being thrown around, others are also looking to tap the market.

$1 billion is expected to flow into Australia’s first #Bitcoin ETF

– @FinancialReview

— Blockworks (@Blockworks_) April 19, 2022

https://platform.twitter.com/widgets.js

It is believed that ETF Securities is working with 21Shares to create its own Bitcoin ETF. In addition, an Ethereum (CRYPTO: ETH) is said to be in the works.

Although, Tuckwell has simmered expectations for billion-dollar inflows, stating:

I don’t think it will be millions and millions of dollars on days one, two or three.

Other experts are containing their excitement until an ASX-listed Bitcoin ETF appears.

The post Australia’s first Bitcoin ETF is listing next week. Here’s what you need to know appeared first on The Motley Fool Australia.

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• How Bitcoin will hit $100,000 by the end of the year: expert

Motley Fool contributor Mitchell Lawler owns Bitcoin and Ethereum. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Bitcoin and Ethereum. The Motley Fool Australia owns and has recommended Bitcoin and Ethereum. 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 Volpara Health Technologies Ltd (ASX: VHT) share price is backtracking this afternoon. This comes after the company announced the appointment of its first female CEO.

At the time of writing, the healthcare technology company’s shares are down 2.25% to 87 cents. It’s worth noting that despite falling today, its shares are up almost 22% in a month.

Volpara welcomes first female CEO

Volpara this morning revealed that Teri Thomas would take over the role of CEO from Dr Ralph Highnam.

Dr Highnam, who founded Volpara and has been CEO for 13 years, will move into the role of chief science and innovation officer to focus on developing the next wave of Volpara’s innovative technology. Dr Highnam also held the title of director which he will also rescind.

Thomas, an experienced healthcare exceutive, will become the company’s first female CEO. It marks a milestone move for the company as Thomas becomes “one of only a few women who are CEOs of tech companies listed on ASX”, according to Volpara.

In Australia, despite making up 75% of the workforce, women represent only 45% of public hospital board chairs, 39% of private hospital CEO’s, and 38% of state and federal chief medical or health officers, the company said.

While the formal change is not expected for another few months, an orderly transition of responsibilities is underway.

Volpara noted that Dr Highnam will continue to host investor presentations and the full-year results at the end of May.

Thomas, on the other hand, will be engaging with the sales and marketing teams in the United States as well as meeting strategic partners and customers.

The pair will work together on market communications and handover of the CEO duties.

Based in New Zealand, Thomas has an extensive history of executive management in the healthcare industry. This ranges from strategy and operations to running global sales and marketing teams.

Notably, Ms Thomas served 20 years at Epic, a leading healthcare software developer. A registered nurse with a master of science degree, Ms Thomas can add value on IT, clinical workflow, and patient experience.

Commenting on the move, outgoing CEO Dr Highnam said:

There’s never been a more exciting time for Volpara Health.

I am turning commercial responsibility over to a gifted and experienced leader at a time where we are getting not just closer to early detection but prevention of breast cancer.

Teri’s experience is ideal to help Volpara achieve its mission by reaching more patients in more ways.

Volpara share price snapshot

The past 12 months have been disappointing for investors, with the Volpara share price down almost 35%.

When looking at year-to-date, its losses are hovering at almost 17%.

Based on the current share price, Volpara commands a market capitalisation of around $219.18 million.

The post Volpara share price slips despite milestone CEO change appeared first on The Motley Fool Australia.

More reading

• 2 great ASX shares to buy in April: experts

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended VOLPARA FPO NZ. The Motley Fool Australia owns and has recommended VOLPARA FPO NZ. 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 Australian Ethical Investment Limited (ASX: AEF) share price is down around 7% after the ethically-focused fund manager gave its quarterly update to investors.

Australian Ethical describes itself as Australia’s leading ethical investment manager. It aims to give investors investment products that align with their values and provide competitive returns.

Quarterly funds under management (FUM) numbers

At 31 March 2022, Australian Ethical had a total of $6.83 billion of FUM. This represented a slight decline of 1.6% from the $6.94 billion of FUM at 31 December 2021.

The company attributed the decline to the “highly volatile market conditions” such as the conflict in Europe, inflation expectations, as well as supply chain disruptions.

However, Australian Ethical noted that the FUM movement for the 2022 financial year to date is still positive. FUM has grown by 13% in FY22 since 30 June 2021.

While the business suffered an overall decline in FUM during the period, it still achieved total net inflows of $0.24 billion. It was the $0.35 billion negative effect of ‘market and other’ movements that hurt the FUM in the three months to 31 March 2022.

Australian Ethical said that positive net flows for the quarter were driven by “continuing strong” superannuation contributions, which includes the consistent superannuation guarantee contributions together with rollovers from new customers joining. Superannuation net flows amounted to $0.18 billion for the quarter.

Managed fund net flows were positive but were impacted by “cautious market sentiment” related to overall market volatility.

The ASX share said that 5,191 customers joined Australian Ethical during the quarter, taking total customers to 79,909. This was an increase of 4% from 31 December 2021.

Since the start of FY22, Australian Ethical has benefited from $0.84 billion of net flows.

Recent profit result

FUM changes can have an influence on the profit and Australian Ethical share price.

In the first six months of FY22, Australian Ethical generated $5.4 million of underlying net profit after tax (NPAT), which was an increase of 12%. Total revenue rose by 35%.

With the release of that result, the Australian Ethical CEO John McMurdo discussed the impact of significant growth for genuinely ethical investment funds:

As Australia’s original and leading ethical investor, this puts us in an enviable position to capture our natural and achievable share of a rapidly growing addressable market.

In our full-year results, we outlined our ambitious high growth strategy which is already yielding meaningful results. We’ve successfully launched new products, won multiple awards and fast-tracking our strategic plans by acquiring a minority stake in Sentient Impact Group.

Australian Ethical share price snapshot

Since the start of the year, Australian Ethical shares have fallen by 54%.

The post Why the Australian Ethical share price has tumbled 7% appeared first on The Motley Fool Australia.

More reading

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• Are these 2 compelling ASX shares buys in April 2022?

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Australian Ethical Investment Ltd. The Motley Fool Australia has recommended Australian Ethical Investment 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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Shares in Vulcan Energy Resources Ltd (ASX: VUL) are tracking lower after sliding down from the open of trade on Thursday.

At the time of writing, the Vulcan share price is at $9.06, down 1% on the day, extending losses to almost 13% for the year to date.

Is Vulcan a buying opportunity?

With the recent volatility and pullback, the gates have opened for investors interested in Vulcan.

Shares have glided down from a previous high of $15.90 in September last year, and there’s been volatility along the way.

Even still, according to Bloomberg data, three-out-of-three analysts covering the stock have it as a buy right now.

With that, the consensus price target is $19.07 per share, although Canaccord Genuity values the company at $23 per share.

One factor that could drive the Vulcan share price higher is a shift away from Russian energy imports, one broker says.

“Overall, we expect the conditions for Vulcan to receive a further impetus not only due to the conflict, but also due to the fulfilment of climate targets,” wrote Alster Research in a recent note.

Nevertheless, it still values Vulcan at $20 per share – an upside potential of 78% if the firm is right on its conviction.

It is confident that Vulcan can be a “provider of renewable energy and lithium with a zero-carbon footprint” resulting in a buy rating.

With most other majors in energy, utilities and materials booming in 2022, Vulcan is down 13%, yet this hasn’t seemed to deter these brokers.

In the last 12 months, the Vulcan share price has jumped 22% but has crept down by more than 13% this past month.

The post Down 13% in a month, is the Vulcan share price a buying opportunity? appeared first on The Motley Fool Australia.

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• Analysts name 3 top ASX lithium stocks to buy now
• Why this broker says the Vulcan share price can more than double
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• March was a stellar month for the Vulcan Energy (ASX:VUL) share price. Here’s why
• Vulcan (ASX:VUL) share price lifts amid company quest to replace Russian gas

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 Bruce Jackson.

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Shares of AMP Ltd (ASX: AMP) are edging forwards today and now rest more than 2% in the green at $1.07.

Traders drove AMP shares high early on in the session before prices levelled off, and have been consistent throughout the day since.

AMP share price drivers

AMP has been making headlines amid reports it has been in talks with a list of investors regarding the potential sale of assets under Collimate Capital.

As TMF reported last week, “Collimate Capital is the new name of the company’s private markets business, which AMP is currently in the process of demerging. It is a global asset manager and a leader in real assets.”

Given its decision, there’s likely to be a shift in earnings and cash flows if a sale goes through.

Analysts at Macquarie were quick to note their uncertainty on a potential sale yesterday in a release to clients.

“Should Dexus acquire the platform on an attractive valuation to adjust for the earnings risks, it could more than double the funds management platform, which we view as undervalued by the market,” the broker commented.

Meanwhile, analysts at Bloomberg Intelligence are looking to other market transactions in order to help value AMP in its parts.

“Pendal’s rejection of Perpetual’s $2.4 billion takeover offer because it “significantly undervalues” the business may remind the market that AMP Capital alone may be worth $3.7 billion vs. AMP Ltd.’s $3.2 billion market valuation,” Bloomberg analyst Matt Ingram wrote in a recent note.

“The gap implies the market ascribes minimal value to AMP’s wealth-management and banking businesses, despite their combined $240 million in 2021 profit.”

In the last 12 months, the AMP share price has slipped around 11% into the red. However, this year to date it has gained 6% as macro conditions improve for ASX financials.

The post Why is the AMP share price having such a top run on Thursday? appeared first on The Motley Fool Australia.

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• How the federal election will impact ASX shares: top economist
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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 Bruce Jackson.

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The Flight Centre Travel Group Ltd (ASX: FLT) share price hit a 6-month high after reaching $22.54 today. This comes despite the travel agent not releasing any price-sensitive announcements today.

At the time of writing, Flight Centre shares are swapping hands at $22.46, up 2.84%.

Flight Centre lifts on reopening of tourism industry

As more countries begin to relax their COVID-19 restrictions, ASX investors have become increasingly confident in the sector.

Subsequently, this has driven the Flight Centre share price higher due to pent-up demand across the travel market.

A two-year hiatus from international travel has seen a flurry of passengers dust off their suitcases and head overseas.

Flight Centre has been in the hot seat as market conditions have improved.

In its FY22 half-year results, management noted that gross total transaction value (TTV) has increased quarter-on-quarter throughout the pandemic.

Notably, Flight Centre has become a much leaner and more efficient cost base model.

And with the Omicron variant decreasing in key markets, this is likely to lead to a bumper performance for the company.

In the strongest sign of a return to normalcy, Australia, the United Kingdom, Europe and the United States are now almost free of travel restrictions.

Countries such as Denmark and Sweden have completely removed restrictions and are accepting life with the virus.

While this all points to a rosy outlook now, it’s worth remembering that the market can quickly change.

As such, Flight Centre has not provided any specific FY22 profit guidance. This is due to the lack of visibility around the likely time frames for recovery and government reactions to future variants.

Flight Centre share price summary

It’s been a rollercoaster 12 months for Flight Centre investors, with its shares up 26% over the period.

When looking at this time last month, the travel agent’s shares have risen by 18% on positive investor sentiment.

In contrast, the S&P/ASX 200 Index (ASX: XJO) index has gained 4% over the same time frame.

Based on valuation grounds, Flight Centre has a market capitalisation of around $4.49 billion.

The post The Flight Centre share price just surged to a 6-month high. Here’s why appeared first on The Motley Fool Australia.

More reading

• Why are ASX 200 travel shares taking off on Wednesday?
• Here are the 5 best performing ASX travel shares of 2022 so far
• These are the 10 most shorted ASX shares
• These were the best performing ASX 200 shares last week
• ASX 200 travel shares had a super day. What’s happening?

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Flight Centre Travel Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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