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The S&P/ASX 200 Index (ASX: XJO) is not having a very merry start to this week of pre-Christmas trading. So far today, the ASX 200 has lost 0.31% and is sitting at 7,281.3 points. But no one seems to have told the Wesfarmers Ltd (ASX: WES) share price.

Wesfarmers shares are, at the time of writing, up 0.34% at a flat $58.91 each. This move comes amid continued speculation over who will win the dramatic bidding war for the shares of Australian Pharmaceutical Industries Ltd (ASX: API). Wesfarmers is currently locked in an epic contest with Woolworths Group Ltd (ASX: WOW) for ownership of API. Both companies have lobbed bids at API shareholders. Woolworths’ offer of $1.75 in cash per share remains the highest offer currently on API’s table. But Wesfarmers has the added advantage of already owning a 19.1% stake of the company.

Wesfarmers keep up the pressure

Wesfarmers doesnt appear to be letting up pressure either. According to a recent article in The Australian, Wesfarmers CEO Rob Scott has approached the powerful Pharmacy Guild of Australia lobby group to spruik Wesfarmers’ offer. Here’s some of what was reportedly in Mr Scott’s letter:

We have met many representatives from across the sector and are confident our proposal supports community pharmacists and their businesses… We are confident that with Wesfarmers’ capital and support, API can deliver even better products and services to community pharmacists, and Priceline franchisees, that will help them be more competitive and create value over time.

Pointing out the improvements in supply chains and online customer experience that Wesfarmers would bring to API, Scott also highlighted some issues Wesfarmers sees with Woolworths’ bid:

We note the non-binding, indicative proposal made by Woolworths Limited to acquire API, and have heard director concerns recently about the competition issues associated with supermarket ownership of API…

Supermarkets are already the largest competitors to pharmacies across diverse ‘front of store’ categories including non-prescription medicine like pain relief, vitamins and dietary supplements, and personal health and beauty.

Who will win API investors’ hearts?

Scott added that Wesfarmers’ experience running Woolworths’ supermarket rival Coles Group Ltd (ASX: COL) until 2018 “meant it understood the strategic value to supermarkets of health, wellbeing and beauty categories”. These concerns, he said, do not apply to Wesfarmers.

It could still be argued that Woolworths remains the underdog in this epic battle, given that Wesfarmers has already said it will use its near-20% stake in API to vote against any proposal from the company. But as long as it has a higher cash offer on the table than Wesfarmers, anything could happen. So if you’re a shareholder in any of these companies, make sure to keep an eye on this space going into 2022.

The post Wesfarmers (ASX:WES) share price rises amid latest push for API appeared first on The Motley Fool Australia.

More reading

• How will ASX retail shares go in 2022?
• Broker gives its verdict on the Woolworths (ASX:WOW) share price after 8% decline
• Goliath vs Goliath: All eyes on Wesfarmers (ASX:WES) share price as conglomerate vows to vote against Woolies
• Why Afterpay, Cardno, Mesoblast, and Woolworths shares are falling
• Why is the Wesfarmers (ASX:WES) share price having a day to forget?

Motley Fool contributor Sebastian Bowen 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 COLESGROUP DEF SET and Wesfarmers 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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With so many shares to choose from on the ASX, it can be hard to decide which ones to buy. The good news is that brokers across the country are doing a lot of the hard work for you.

Three top ASX shares leading brokers have named as buys this week are listed below. Here’s why they are bullish on them:

Qantas Airways Limited (ASX: QAN)

According to a note out of UBS, its analysts have retained their buy rating but trimmed their price target on this airline operator’s shares to $6.20. This follows the release of a trading update last week which revealed expectations for a greater than expected first half loss but a better net debt outcome. Overall, the broker remains positive on Qantas and feels that the risks it is facing are already priced into its shares. The Qantas share price is trading at $4.78 today.

Santos Ltd (ASX: STO)

A note out of Morgans reveals that its analysts have retained their add rating but trimmed their price target on this energy producer’s shares slightly to $8.65 following the completion of its merger with Oil Search. Morgans is positive on the company’s outlook and sees upside risk from the potential sale of stakes in some of its assets. Overall, the broker believes the merger leaves Santos well positioned to control its own future in increasingly difficult ESG-driven debt and equity markets. The Santos share price is fetching $6.09 on Monday.

Treasury Wine Estates Ltd (ASX: TWE)

Analysts at Citi have retained their buy rating and $13.80 price target on this wine company’s shares. Citi came away from a key industry event in the United States feeling very positive. It notes that the update pointed to a recovery in high-margin on-premise and cellar-door wine sales in the United States. This is consistent with recent feedback from rival Duckhorn. In light of this, the broker is forecasting Treasury Americas’ first half EBITS to increase by 19% despite the divestment of commercial wine brands in March 2021. The Treasury Wine share price is trading at $12.07 this afternoon.

The post Leading brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.

More reading

• ASX 200 (ASX:XJO) midday update: Magellan shares crash 28%, CIMIC tumbles
• Is the Santos (ASX:STO) share price well oiled and gassed up for 2022?
• How high will ASX travel shares fly in 2022?
• 5 things to watch on the ASX 200 on Monday
• Top brokers name 3 ASX shares to sell next week

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Treasury Wine Estates 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 Angel Seafood Holdings Ltd (ASX: AS1) share price is charging ahead today amid news of a potential sell-off.

Shares in the company are swapping hands at 18 cents at the time of writing, up 44%. They reached an intraday high of 19 cents about an hour after market open.

Angel Seafood is a South Australian producer of fresh oysters in the town of Coffin Bay.

What may be impacting the share price?

Angel Seafood received an offer from Laguna Bay Group Pty Ltd to buy all of its shares at 20 cents apiece.

That’s a 60% boost to Angel’s last closing share price of 12.5 cents a share on Friday.

It’s also a 50% gain on the company’s average share price in the 30 days leading up to it.

Laguna Bay Group Pty Ltd manages the valuation, development, and acquisition of agricultural assets for institutional investors.

Angel informed investors there is no guarantee the proposal will lead to a binding offer or share agreement.

However, the company believes it to be in the interest of shareholders to consult with Laguna Bay on the potential deal.

Angel has entered into an exclusivity deed and a cost letter with Laguna Bay to provide it with the opportunity to conduct due diligence and receive regulatory and investor approval.

In a statement approved by the company board, Angel Seafood said:

Following careful consideration, and consultation with its advisers, the board of Angel considers that it is in the best interests of Angel’s shareholders to engage further with Laguna Bay on the indicative proposal.

Angel Seafood share price snap shot

The Angel Seafood share price has surged nearly 9% in the past 12 months.

This has been boosted by a 32% lift in the past month and a 42% rise in the past week.

The seafood producer and seller has a market capitalisation of nearly $30 million.

The post Angel Seafood (ASX:AS1) share price rockets 44% on takeover news appeared first on The Motley Fool Australia.

More reading

• Leading brokers name 3 ASX shares to buy today
• Here’s why the Bardoc Gold (ASX:BDC) share price is rocketing 12% today
• Neometals (ASX:NMT) share price jumps on battery recycling update
• Think 2021 was the ASX year of the ETF? 2022 might blow it out of the water
• ASX 200 (ASX:XJO) midday update: Magellan shares crash 28%, CIMIC tumbles

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 Bardoc Gold Limited (ASX: BDC) share price is roaring higher following the announcement of a takeover offer and spinout plan.

Fellow ASX gold producer St Barbara Ltd (ASX: SBM) has posed an all scrip offer, valuing the company’s stock at 53 cents apiece. The companies have also agreed to spinout Bardoc Gold’s manganese project.

At the time of writing, the Bardoc Gold share price is 46.5 cents, 13.4% higher than its previous close.

On top of that, the news sent the company’s stock to a new 52-week high of 49 cents earlier today, representing a 19.5% gain.

While the Bardoc Gold share price is revelling in the acquisition proposition, Saint Barbara’s has slid 6.8% to trade at $1.37 at the time of writing.

Let’s take a closer look at the proposed takeover and spinout.

Bardoc Gold share price surges on takeover offer

Monday is proving to be a brilliant day for the Bardoc Gold share price. It’s rocketing on the back of a $157 million takeover offer.

If accepted, the offer will see Bardoc Gold shareholders receiving 0.3604 St Barbara shares for each Bardoc Gold security they hold.

The offer represents a 29.2% premium on Bardoc Gold’s previous close and a 34.7% premium on its 30-day volume-weighted average price.

The acquisition would see St Barbara shareholders owning around 87% of the resulting entity.

A spinout of Bardoc Gold’s South Woodie Woodie Manganese Project has also been proposed. Under the proposition, Bardoc Gold shareholders will wholly own the spun-out entity.

The spinout is subject to shareholder approval.

Meanwhile, the acquisition is conditional on several provisos, including shareholder and court approval.

Right now, the Bardoc Gold share price is around 6% lower than it was at the start of 2021.

What did management say?

Bardoc Gold chair Tony Leibowitz commented on the news driving the company’s share price today, saying:

In addition to creating a liquidity event, the transaction delivers a healthy premium and will give our shareholders approximately 13% per cent ownership of an enlarged St Barbara – providing exposure to a much larger, diversified international gold producer with operating assets and a strong development pipeline in Australia, PNG, and Canada. We believe there is excellent potential for a future market re-rating and value uplift.

At the same time, we have reached agreement with St Barbara to proceed with a spinout of our South Woodie Woodie manganese assets. This represents an exciting opportunity for Bardoc shareholders to receive shares via an in-specie distribution in a new battery metals-focused company led by one of the most experienced corporate teams in Australia with a proven track record in value-creation.  

The post Here’s why the Bardoc Gold (ASX:BDC) share price is rocketing 12% today appeared first on The Motley Fool Australia.

More reading

• St Barbara (ASX:SBM) share price tumbles after announcing Bardoc Gold acquisition
• Why Alkane, De Grey, Nufarm, and St Barbara shares are pushing higher
• ASX 200 (ASX:XJO) midday update: BNPL shares sold off, Corporate Travel returns
• 5 things to watch on the ASX 200 on Friday
• These were the best performing ASX 200 shares last week

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

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The Neometals Ltd (ASX: NMT) share price is heading north today following the commissioning of its battery recycling plant.

At the time of writing, the advanced materials company’s shares are up 1.46% to $1.05 apiece. In comparison, the All Ordinaries (ASX: XAO) is down 0.525 to 7,586.6 points.

Neometals edges closer to battery disposal recycling service

Investors appear pleased with the company’s latest update, sending the Neometals share price into positive territory.

In the release, Neometals advised its joint venture company, Primobius has successfully commissioned its commercial shredding plant in Hilchenbach, Germany.

Primobius is 50% owned by Neometals, with the remaining interest held by plant construction and mechanical engineering services company, SMS group.

The newly expanded shredding plant enables commercial operations to commence in the first quarter of 2022, subject to board approvals. This will see up to 10 tonnes per day of battery-grade metal sulphate chemicals safely recycled into new battery production.

Nonetheless, Primobius is continuing its operational readiness activities ahead of the receipt of its Federal environmental (emissions) licence. In addition, commercial battery disposal agreements are advancing. Primobius is focusing on potential partners and customers with direct access to large volumes of production scrap and end-of-life feedstocks.

Neometals managing director, Chris Reed commented:

Firstly, I’d like to congratulate SMS for delivering this showcase of German engineering, it heralds the entry of Primobius into the European battery supply chain.

Our solutions for the safe disposal and sustainable recycling of lithium-ion batteries coupled with our flexible business models make Primobius a compelling value proposition for potential customers and a formidable competitor to the incumbent recyclers.

Neometals share price snapshot

Over the past 12 months, the Neometals share price has rocketed 400%. Year to date has been just as impressive, up 300% over the period.

The company’s shares hit an all-time high of $1.19 this month, before slightly treading lower thereafter.

Based on today’s price, Neometals presides a market capitalisation of roughly $573.05 million, with approximately 548.38 million shares on issue.

The post Neometals (ASX:NMT) share price jumps on battery recycling update appeared first on The Motley Fool Australia.

More reading

• Here’s why the Neometals (ASX:NMT) share price is surging 6% today
• Minerals Resources (ASX:MIN) share price wobbles on lithium agreement

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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As we’ve documented extensively here at The Motley Fool, 2021 has turned out to be a year of enormous success for the exchange-traded fund (ETF) sector. Last month, the BetaShares Crypto Innovators ETF (ASX: CRYP) broke ETF trading volume records on its first day of trading. We have seen record inflows and funds under management (FUM) several times this year. But we have also seen the ASX debut of many new ETFs. Just last week, the ASX welcomed the BetaShares Electric Vehicles and Future Mobility ETF (ASX: DRIV).

But could 2022 be even better for the ETF sector? ETF provider BetaShares certainly thinks so.

The fund manager has just released a new industry report into the ETF sector. It shows that “the Australian ETF market is set to continue to grow strongly next year”. The BetaShares/Investment Trends ETF Report 2021 found that the number of Australian investors who now hold one or more ETFs in their investment portfolios, ballooned in 2021. It rose 33% over 2020’s numbers. More than 1.73 million Aussies now hold an ETF in their portfolios.

2 million ETF holders in Australia…

However, the report finds that another 275,000 Aussies want to start using ETFs in the next 12 months or so. That would push the number of Australian investors holding an ETF to more than 2 million. That would be yet another record high if realised. Here’s some of what BetaShares CEO Alex Vynokur had to say on the report’s findings:

The data confirms that ETFs are increasingly the investment vehicle of choice for both experienced and first-time Australian investors seeking to build their wealth. A growing number of investors continue to be drawn to ETFs as a way of building their wealth and achieving their financial goals.

We’re also seeing that ETFs have reached mainstream adoption in Australia, with a notable rise in younger and increasingly female investors, who see value in a simple-to-access, transparent and cost-effective way of building their investment portfolios… 

2022 is shaping up for another strong year of growth, and I believe the industry is on track to hit $180 billion in FUM by the end of next year. [That’s] up from approximately $130 billion today.

Reportedly, the number of investors using ETFs as a ‘core’ of their portfolios was only 4% in 2019. But as of 2021, this has increased to 27%. Diversification has been a primary driver here, with ‘avoiding individual stock exposure risk’ and ‘saving time’ also contributing to ETF demand, particularly for newer investors.

So it looks as though ETFs are set to continue to blow the lights out on all fronts next year. If this report’s predictions come to pass, anyway. So make sure to keep an eye on the ETF sector next year. It looks like ETFs will remain one of the hottest trends on the ASX boards in 2022 as well.

The post Think 2021 was the ASX year of the ETF? 2022 might blow it out of the water appeared first on The Motley Fool Australia.

More reading

• ASX 200 (ASX:XJO) midday update: Magellan shares crash 28%, CIMIC tumbles
• 5 unstoppable trends to invest $5,000 in for 2022
• Here’s why the Antipa Minerals (ASX:AZY) share price is sliding today
• Here’s why the Province Resources (ASX:PRL) share price is up 7% today
• Up 20% in a month: Is the Fortescue (ASX:FMG) share price a buy?

Motley Fool contributor Sebastian Bowen 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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At lunch on Monday, the S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a decline. The benchmark index is currently down 0.4% to 7,276.8 points.

Here’s what is happening on the ASX 200 today:

Magellan shares crash lower

The Magellan Financial Group Ltd (ASX: MFG) share price has crashed to a multi-year low on Monday after announcing the termination of the St James’s Place mandate. The release notes that the mandate represents approximately 12% of the company’s current annual revenues. As a result, the termination of the mandate at this point in the financial year is anticipated to impact its FY 2022 revenues by 6%.

CIMIC shares tumble

The CIMIC Group Ltd (ASX: CIM) share price is also sinking on Monday. This follows allegations reported in the AFR of broken promises, extreme personal and financial hardship, and millions of dollars in unpaid wages from Australia’s biggest construction company. The CIMIC share price is trading at a 52-week low at lunch.

Energy shares drop

It has been a tough start to the week for energy producers such as Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL). Both energy shares have come under pressure after oil prices ended the week deep in the red. According to Bloomberg, on Friday night the WTI crude oil price dropped 2.1% to US$70.86 a barrel and the Brent crude oil price fell 2% to US$73.52 a barrel. The weakness in oil prices was caused by demand concerns relating to rising Omicron cases and lockdowns.

Best and worst ASX 200 performers

The Viva Energy Group Ltd (ASX: VEA) share price is the best performer on the ASX 200 on Monday with a 3% gain. This morning the fuel retailer revealed that it expects its earnings to almost double in FY 2021. The worst performer by some distance has been the Magellan share price with a 28% decline following its announcement.

The post ASX 200 (ASX:XJO) midday update: Magellan shares crash 28%, CIMIC tumbles appeared first on The Motley Fool Australia.

More reading

• Magellan (ASX:MFG) share price crashes 23% after losing major contract
• Is the Santos (ASX:STO) share price well oiled and gassed up for 2022?
• 5 things to watch on the ASX 200 on Monday
• The ASX 200 Index could be set for a huge makeover in 2022. Here’s why
• These were the worst performers on the ASX 200 last week

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

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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.

Think about personal computers in the early 1980s. The internet in the 1990s. Smartphones in the first decade of this century. All of them represented investing opportunities with tremendous potential.

You can’t travel back in time to buy the top stocks in these areas. However, there are still some areas that could be massive opportunities that you can invest in with a new year right around the corner. Here are five unstoppable trends to invest $5,000 in for 2022.

1. Artificial intelligence

Artificial intelligence (AI) has already become commonplace in our lives. Some of the ways are easy to spot, such as the virtual AI assistants on phones and home devices. Others aren’t as obvious — for example, many websites use AI to improve their product recommendations. But you can bet that AI is going to play an even bigger role in the future.

There are plenty of AI stocks that you could buy. I’d put Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) near the top of that list.

Data provides the fuel for AI apps — and Alphabet arguably has more data than any other company. Alphabet uses AI extensively in its apps. Its Waymo business is a leader in self-driving-car technology. And its DeepMind ranks as one of the leading researchers in advancing AI. 

2. Digital payments

Cash isn’t king anymore — at least not the physical kind. The adoption of digital payments is rapidly pushing cash or cheques to the side. Maybe these physical forms of payment won’t totally disappear anytime soon, but their use will almost certainly continue to decline.

PayPal (NASDAQ: PYPL) ranks as a top leader in digital payments. Its shares are down quite a bit from their highs this year. However, the long-term prospects for the company remain strong. PayPal has the most widely accepted online digital wallet. Its Venmo app is gaining momentum, especially with Amazon.com (NASDAQ: AMZN) beginning to accept it as a payment in 2022. 

The company should have plenty of growth opportunities ahead as digital payments are used more frequently in brick-and-mortar stores. In the war on cash, PayPal appears to be a five-star general.

3. E-commerce

E-commerce stands as one of the top growth drivers for the increased use of digital payments. But while people have been shopping online for more than two decades, e-commerce is still only in its early stages. That’s especially the case in emerging markets.

You won’t find many better e-commerce stocks to buy than MercadoLibre (NASDAQ: MELI) in serving emerging markets. The company is the e-commerce leader in Latin America. The e-commerce market share penetration in the region is expected to double within the next four years. MercadoLibre will probably be the biggest winner as this happens.

The company is also pioneering digital payments in Latin America with its Mercado Pago platform. It offers fulfilment services including logistics and warehousing for merchants as well. With its e-commerce dominance and other products and services, MercadoLibre could make investors a lot of money over the next decade and beyond.

4. Genomics

A genomics revolution is underway. The ability to unravel the secrets of DNA is changing healthcare. Diseases can be diagnosed more accurately and quickly. Therapies are being developed that harness the power of genomics to treat and even cure diseases.

You won’t have any problem finding stocks that could soar in this category. Vertex Pharmaceuticals (NASDAQ: VRTX), though, stands out as a top pick. The company currently enjoys a monopoly in treating the underlying genetic cause of cystic fibrosis. Its success in CF has enabled Vertex to build a promising pipeline.

Vertex and its partner, CRISPR Therapeutics, plan to file for regulatory approvals by the end of 2022 for a gene-editing therapy that effectively cures blood diseases beta-thalassemia and sickle cell disease. The big biotech is advancing a drug that targets the treatment of genetic kidney diseases into pivotal testing next year. And Vertex could even have a potential cure for type 1 diabetes in clinical development. 

5. Metaverse

It seems like nearly everyone is talking about the metaverse after Facebook changed its name to Meta Platforms and unveiled an ambitious strategy for building the virtual universe. Estimates vary on how much money might be made in the metaverse, but several analysts project the amount will be in the trillions of dollars annually.

Nvidia (NASDAQ: NVDA) should be front and centre as the metaverse market explodes. The company has already launched its Omniverse platform for 3D simulation and design collaboration. Nvidia CEO Jensen Huang thinks that one component of this platform — Omniverse Avatar — could have an addressable market of $40 billion per year.

But perhaps the biggest opportunity for Nvidia is in supplying the graphics chips that will be needed to power metaverse apps. The company’s graphics processing units (GPUs) are considered by many as the gold standard for gaming systems today. The metaverse seems likely to boost the demand for Nvidia’s GPUs in a huge way. Nvidia could look like a no-brainer stock to buy in retrospect as the metaverse becomes a reality.

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

The post 5 unstoppable trends to invest $5,000 in for 2022 appeared first on The Motley Fool Australia.

More reading

• ASX BNPL shares tumble today amid US probe
• ‘Close your eyes’: ASX share you can buy and forget
• What do Wesfarmers (ASX:WES) and Amazon.com have in common?
• If this is volatility, bring it on
• This international share has returned 69% in 2021 and there’s more to come: fund manager

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool’s board of directors. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Keith Speights owns Alphabet (A shares), Amazon, MercadoLibre, Meta Platforms, Nvidia, PayPal Holdings, and Vertex Pharmaceuticals. The Motley Fool owns and recommends Alphabet (A shares), Alphabet (C shares), Amazon, CRISPR Therapeutics, MercadoLibre, Meta Platforms, Nvidia, PayPal Holdings, and Vertex Pharmaceuticals. The Motley Fool recommends the following options: long January 2022 $1,920 calls on Amazon, long January 2022 $75 calls on PayPal Holdings, and short January 2022 $1,940 calls on Amazon. The Motley Fool has a disclosure policy.

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

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Shares in mining exploration company Antipa Minerals Ltd (ASX: AZY) are struggling to find range today and are now 4% in the red at 4.8 cents. That’s after reaching as low as 4.2 cents soon after open.

Antipa’s share price has been on the move as investors respond to a company announcement on its Wilki Farm‐in Project and Paterson Farm‐in Project exploration programmes. For reference, Newcrest Operations Limited and IGO Limited (ASX: IGO) respectively are fully-funding ongoing exploration activities at these sites.

With that in mind, let’s what Antipa advised on its exploration activities today.

What did Antipa Minerals announce?

The company gave an overview of its Wilki Newcrest Farm-in Project 2021 Exploration Programme Results Summary.

A total of 43 drill holes (7,422m awaiting assay results for 610m) testing 12 greenfield and 2 brownfield targets and fixed‐loop ground electromagnetic (FLEM) surveys were completed at 6 targets.

Reverse circulation (RC) drilling intersected narrow zones of gold/copper mineralisation. Several holes failed to achieve target depth due to abnormally high volumes of groundwater in conjunction with very deep oxidation profiles extending down up to 200m below the surface.

36 RC holes and diamond core — one diamond tail for 283m — (DD) drill testing of 12 greenfields SkyTEM aerial electromagnetic (AEM), magnetic and geochemical targets intersected minor zones of anomalous copper/zinc/lead and other pathfinder elements. However, no ore grade mineralisation was identified.

The company completed a programme of FLEM surveys (a total of 15 FLEM loops each generally between 200 to 300m in size) over 6 greenfield targets. It aimed to identify bedrock massive sulphide-related electromagnetic conductivity anomalies. The company identified Bedrock conductors at 3 sites with modelling ongoing.

The review and interpretation of the 2021 drill hole and geophysical exploration data will be considered in conjunction with historic data to enhance geological modelling. It’s hoped it will potentially identify further target areas for gold‐copper mineralisation. The review is ongoing.

Furthermore, the release notes the success of Antipa’s Exploration Incentive Scheme (EIS) application for diamond core testing of a “Havieron look‐alike partially co‐incident magnetic and gravity target”.

The Western Australian government subsequently awarded the company an EIS funding grant of $190,000.

With respect to the Paterson IGO Farm-in Project 2021 Exploration Programme, results are pending for the two major components of this year’s programme. These included a regional /project scale stratigraphic and geochemical air core drill programme, covering an area of approximately 350km2 – 168 holes for 11,346m. It’s also undertaking a soil geochemical sampling programme covering an area of approximately 650km2 from 2,589 samples.

Antipa says during the first quarter of next year, it will analyse the 2021 results in conjunction with other data sets to “define a tectono‐stratigraphic framework and identify and rank new greenfield exploration targets for direct drill testing in the CY 2022”.

Antipa Minerals share price summary

In the past 12 months, the Antipa Minerals share price has gained almost 14% after rallying more than 8% this year to date.

Over the last month, however, it has reversed course and is down almost 27% in that time.

The post Here’s why the Antipa Minerals (ASX:AZY) share price is sliding today appeared first on The Motley Fool Australia.

More reading

• Think 2021 was the ASX year of the ETF? 2022 might blow it out of the water
• ASX 200 (ASX:XJO) midday update: Magellan shares crash 28%, CIMIC tumbles
• 5 unstoppable trends to invest $5,000 in for 2022
• Here’s why the Province Resources (ASX:PRL) share price is up 7% today
• Up 20% in a month: Is the Fortescue (ASX:FMG) share price a buy?

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

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The Province Resources Ltd (ASX: PRL) share price is on the move after the company provided a positive update today.

During market open, the minerals producer’s shares were fetching for an intraday high of 15 cents, up 7.14%. They have since given up some of those gains and now trade for 14.8 cents, up 5.36%.

What did Province announce?

Investors appear excited by the company’s latest announcement, sending the Province Resources share price higher.

In its announcement, the company advised its HyEnergy Project has been awarded lead agency status by the Western Australian government.

The official status enables a higher level of collaboration between a state agency and the company. As such, the Department of Jobs, Tourism, Science and Innovation (JTSI) will lead the facilitation on the project.

This will see more coordinated and streamlined support to assist the HyEnergy Project through the government approvals processes.

Recently, Province Resources lodged a Project Definition Document with the JTSI department, outlining key details of the project.

Earlier in the year, the company entered into a memorandum of understanding (MoU) with global renewable energy leader, Total Eren.

The framework paved the way for a feasibility study on potentially developing the proposed HyEnergy Zero Carbon Hydrogen project. This included installing up to an 8-gigawatt renewable power facility, and creating an integrated hybrid renewable energy capacity.

Province managing director, David Frances commented:

The formal appointment of the Department of Jobs, Tourism, Science and Innovation as lead agency will provide significant assistance in obtaining government approvals.

The decision also elevates the status of the HyEnergy Project as a significant development for the State, and one which will make a major economic contribution to the Gascoyne region and beyond.

We are thrilled with the support the HyEnergy Project is receiving from our major stakeholders as we progress this important green energy development.

About the Province Resources share price

It’s been an outstanding 12 months for Province Resources shares, delivering astronomical gains of 1,035% to investors.

On valuation metrics, Province Resources has a market capitalisation of $166.62 million, with about 1.13 billion shares on issue.

The post Here’s why the Province Resources (ASX:PRL) share price is up 7% today appeared first on The Motley Fool Australia.

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

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