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The last month has been a rewarding one for the Silver Lake Resources Limited. (ASX: SLR) share price and its investors.

In the last 30 days, the gold producer’s value has grown by 14%, giving it a market capitalisation of $1.57 billion. Considering the price of gold has only increased around 4% during this period, there are likely other factors at play.

Keeping that in mind, we take a look at what else has been going on at Silver Lake Resources lately.

What’s been influencing the Silver Lake share price?

There hasn’t been a whole lot in the way of announcements from the gold producer recently. However, sometimes all it takes is a couple of announcements to garner the attention of the market.

On 19 October, the company released its quarterly activities report to the market. On the day, the share price slipped, though it seems investors warmed up to the positive information shared after a bit of time. For instance, the miner reported a record quarterly production of 31,033 ounces at its Deflector site.

In turn, Silver Lake notched up 64,947 ounces of gold produced during the September ending period. This gave the company enough confidence to guide for gold sales of 235,000 to 255,000 ounces for FY22. Simultaneously, the company’s cash and bullion on hand increased $28.4 million, to finish the quarter at $358.6 million.

Shortly after this announcement, Silver Lake Resources also released its annual report for FY21. This provided further insights and commentary for shareholders to peruse. In this report, significant investments by the company for growth were featured prominently.

For example, the upgrade of the processing facility at Deflector and the commencement of a new decline to increase access to other areas of the mine.

While positioning for growth, the company currently trades at a price-to-earnings (P/E) ratio of approximately 15.4 times.

Already, sales targets for FY23 and FY24 have been mapped out following successful exploration. Specifically, Silver Lake is forecasting 255,000 to 275,000 ounces of gold to be produced during these years.

Finally, a further $25 million worth of exploration is budgeted in for FY22. Considering its success so far, investors might be bidding up the Silver Lake Resources share price in anticipation of more good news.

The post Why is the Silver Lake (ASX:SLR) share price having such a stellar run of late? appeared first on The Motley Fool Australia.

More reading

• These were the best performing ASX 200 shares in October
• Why has the Silver Lake (ASX:SLR) share price leapt 30% in a month?
• Why BHP, Propel, Silver Lake, and Tabcorp shares are falling
• The Silver Lake (ASX:SLR) share price is up 10% in the last week

Motley Fool contributor Mitchell Lawler 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 S&P/ASX 200 Index (ASX: XJO) is having a decent, if not inspiring day of trading so far on the ASX this Wednesday. The ASX 200 is currently up by 0.08% to 7,428 points at the time of writing. But one ASX 200 sector that is not having a decent day is the ASX 200 resources sector.

ASX 200 resources shares are currently leading the ASX 200 losses today. And it’s a trend that’s being felt across the board.

Lithium producers like Pilbara Minerals Ltd (ASX: PLS) and Orocobre Limited (ASX: ORE) are leading these losses, down 2.7% and 4.5% respectively.

Gold miner Ramelius Resources Limited (ASX: RMS) is down by close to 3.5% while BlueScope Steel Limited (ASX: BSL) has lost 4%.

Woodside Petroleum Limited (ASX: WPL) is down by 1%.

And the big dogs of the ASX mining space – BHP Group Ltd (ASX: BHP), Rio Tinto Limited (ASX: RIO) and Fortescue Metals Group Limited (ASX: FMG) – have all shed between 1 and 2.5% so far today. As has Whitehaven Coal Ltd (ASX: WHC).

So what’s going on here?

Why are ASX 200 resources shares dragging on the share market today?

Well, as you might expect, we can probably point to the commodity markets for most of these woes. With many commodities spending most of the first half of this year exploring record territories, the last month or two has seen this paradigm dramatically shift.

After hitting a new all-time high of roughly US$220 a tonne a few months ago, iron ore is now well under US$100 per tonne (US$93 to be exact). 

Brent crude oil has slid more than 2% over the past day and is now at US$82.70 a barrel. And coal has also come off the boil, also down more than 2% to around US$141 a tonne. 

Put simply, there’s not a lot of good news in the commodities space today. And this is probably why we are seeing the ASX 200 resources sector lead the ASX 200 losses so far this Wednesday.

The post Why are ASX 200 mining shares having such a lousy day? appeared first on The Motley Fool Australia.

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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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The Green Technology Metals Ltd (ASX: GT1) share price debuted on the ASX today, immediately surging 70%.

The company’s prospectus offered shares in the lithium explorer and developer for 25 cents apiece but the market appears to see additional value in its stock.

At the time of writing, the Green Technology Metals share price is trading at 41 cents. This, after the company’s newly minted stock has already seen an intraday high of 50 cents — a 100% gain.

Let’s take a closer look at the ASX’s newest face.

Green Technology Metals share price starts strong

All eyes are on the Green Technology Metals share price today as the company’s initial public offering (IPO) is blown out of the water.  

The company listed at midday AEDT. Since then, it has seen its value increase by nearly three-quarters of its offer price.

That leaves Green Technology Metals with a market capitalisation of around $82.9 million. For context, at its offer price, the company expected a market capitalisation of approximately $49.3 million.

Right now, more than $8.6 million in Green Technology shares has swapped hands since it listed.

Green Technology Metals earned around $24 million through its IPO which received the maximum number of applications and, thus, saw 96 million new shares handed to investors.

9.2% of the company’s shares at the time of listing are owned by insiders.

About the company

Green Technology Metals is a lithium-focused resource explorer. It has the option to earn an 80% interest in 3 lithium prospective projects, all located in Ontario, Canada.

Right now, Green Technology Metals has a 51% holding in the projects as part of a joint venture with Ardiden Ltd (ASX: ADV).

Green Technology has the option to receive another 29% holding by providing Ardiden with $3.5 million in cash or scrip.

Previously, the company has provided Ardiden with $1.5 million to begin the joint venture, as well as 9 million Green Technology shares and $1.75 million of cash during its IPO process.

The post Green Technology Metals (ASX: GT1) share price soars 68% on IPO appeared first on The Motley Fool Australia.

More reading

• Why is UBS so uncertain on the Seven West (ASX:SWM) share price?
• Why Chalice Mining, Life360, Kogan, and NAB shares are storming higher
• Here’s why the Renu Energy (ASX:RNE) share price is rocketing 46% today
• Codan (ASX:CDA) share price edges higher on CEO replacement
• PointsBet (ASX:PBH) share price tipped to surge 44% higher

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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Shares in media giant Seven West Media Ltd (ASX: SWM) are trading 4.42% higher today at 59 cents apiece.

That’s well ahead of the benchmark S&P/ASX 200 Index (ASX: XJO)’s climb of 0.2% today.

Seven West shares are coming off a strong finish to the session on Tuesday when the market responded positively to its annual general meeting.

Investors were quick to pile into the company’s equity pool, sending its share price almost 5% higher on the day yesterday.

Perhaps they were impressed by the company’s dominance in the free-to-air television segment in FY21, where Seven reclaimed the top position from its peers.

This result coincided with the company’s The West newspaper outperforming its competitors last financial year.

The AGM had Seven West’s chairperson Kerry Stokes predicting the trend will continue well into FY22 judging by the group’s results so far.

Why then, amid this positive commentary, is investment banking giant UBS still undecided on the outlook for Seven West’s share price?

Read on to find out more.

UBS still unclear on Seven West’s results

Curiously, in a note out of the broker’s camp, UBS advises it is waiting on commentary from media competitor Nine Entertainment Co. Holdings Ltd (ASX: NEC) before it can make up its mind.

Specifically, it wants to hear what Nine says in upcoming releases to examine if Seven West’s results are truly organic.

The broker says it isn’t sure yet if Seven is the beneficiary of a booming TV ad market or a larger than expected share of the ad market.

If it is the overall ad market then UBS reckons Seven West’s results may not be truly reflective of an outperformance.

This reminds us of a saying from investing hall of famer Charlie Munger who is Warren Buffet’s right-hand man:

…If you’re a duck on a pond, and it’s rising due to a downpour, you start going up in the world. But you think it’s you, not the pond.

UBS appears to be noting this advice in considering whether Seven West’s results may just be from the proverbial pond rising.

Not only that, UBS also wants further evidence that Seven can maintain its outperformance in streaming via its streaming service.

These points, UBS says, are what is keeping it from upgrading its forecasts beyond the current financial year.

For instance, while it upgraded its earnings per share (EPS) target for Seven West by 9% for FY22, it has made no changes to subsequent years – for now.

Despite the reservations, the broker maintained its buy recommendation on the share, reiterating its 95 cents per share price target in doing so.

At last check, this implies an upside potential of 62% from UBS’s valuation.

Seven West share price snapshot

It’s been a year of greenery for the Seven West share price. In the past 12 months, it has soared over 197%, rallying more than 80% this year to date.

These returns are well ahead of the broad index’s gain of around 20% in that time.

The post Why is UBS so uncertain on the Seven West (ASX:SWM) share price? appeared first on The Motley Fool Australia.

More reading

• Seven West (ASX: SWM) share price jumps 4% amid return to free-to-air dominance
• Seven West (ASX:SWM) share price lifts 10% amid Prime Media acquisition
• What’s sending the Seven West Media (ASX:SWM) share price up 6% on Friday?

The author Zach Bristow 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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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is trading ever so slightly higher. At the time of writing, the benchmark index is up slightly to 7,437.1 points.

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

Chalice Mining Ltd (ASX: CHN)

The Chalice Mining share price has continued its ascent and is up a further 6% to $9.23. Investors have been fighting to get hold of the mineral explorer’s shares this week following the release of the maiden mineral resource estimate for the Gonneville deposit at the Julimar Project in Western Australia. Those results revealed the largest nickel sulphide discovery in over 20 years and the largest platinum-group elements (PGE) discovery in Australian history.

Life360 Inc (ASX: 360)

The Life360 share price is up 2.5% to $12.71. This family safety app maker’s shares have been storming higher this week following the release of a bullish broker note out of Morgan Stanley. According to the note, the broker has retained its overweight rating and lifted its price target on Life360’s shares to $14.20.

Kogan.com Ltd (ASX: KGN)

The Kogan share price is up 4% to $9.42. This is despite there being no news out of the ecommerce company today. However, with the Kogan share price down 51% in 2021, some investors may believe it has been oversold. Earlier this week UBS put a neutral rating on Kogan’s shares and cut its price target to $10.00 from $15.10.

National Australia Bank Ltd (ASX: NAB)

The NAB share price is up 4.5% to $30.20. Investors have been buying this banking giant’s shares after a number of brokers responded positively to its full year results. One of those brokers was Goldman Sachs. In response to its results, the broker has retained its conviction buy rating and lifted its price target on the bank’s shares to $31.15.

The post Why Chalice Mining, Life360, Kogan, and NAB shares are storming higher appeared first on The Motley Fool Australia.

More reading

• These 3 ASX shares have just been named as broker buys
• Chalice Mining (ASX:CHN) share price leaps another 8% on the back of historic discovery
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• NAB (ASX:NAB) share price hits 52-week high on bullish broker note
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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. owns shares of and has recommended Kogan.com ltd and Life360, Inc. The Motley Fool Australia owns shares of and has recommended Kogan.com ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Renu Energy Ltd (ASX: RNE) share price is rocketing in late morning trade. Shares are up 46.34% at time of writing after earlier posting incredible gains of more than 76%.

Below we take a look at the acquisition announcement that looks to be driving investor interest in the microcap ASX renewable energy share.

What acquisition was announced?

The Renu Energy share price is soaring after the company reported it has entered into a Share Purchase Agreement to acquire 100% of Countrywide Renewable Hydrogen Limited (CRH).

Australian based CRH initiates green hydrogen projects, developing those together with project partners and governments. Outside of Australia the CRH has “a pipeline of opportunities” in Canada and the United States.

Renu will fund the acquisition via the issue of 134,659,520 shares, valued at 6.88 cents each, well below the current 14 cent Renu share price.

The company said the all share deal will enable it to preserve its cash, and that CRH will be debt free once the agreement is finalised, with additional cash available to pursue clean energy opportunities.

Commenting on the acquisition, Renu Energy’s chairman Boyd White said:

This agreement with Countrywide Renewable Hydrogen is the third investment in Renu Energy’s renewable and clean energy incubator/accelerator strategy. The transaction will provide the company with access to a compelling market opportunity in green hydrogen.

CRH has a strong leadership team and we will be excited to welcome both Geoff [Drucker] and Susan [Oliver] to the Renu Energy Board of Directors. Renu Energy will also gain considerable expertise of other key CRH personnel…

Renu Energy’s CEO Greg Watson added, “We are particularly attracted to the company’s origination expertise, existing portfolio of opportunities, as well as CRH’s overseas pipeline of opportunities.”

The acquisition remains subject to the customary approvals.

Renu Energy share price snapshot

The Renu Energy share price is up a whopping 300% over the past 12 months. By comparison, the All Ordinaries Index (ASX: XAO) gained 19% in that same period.

Over the past month Renu Energy shares are up 140%.

The post Here’s why the Renu Energy (ASX:RNE) share price is rocketing 46% today appeared first on The Motley Fool Australia.

More reading

• Codan (ASX:CDA) share price edges higher on CEO replacement
• PointsBet (ASX:PBH) share price tipped to surge 44% higher
• Why is the Regional Express (ASX:REX) share price underperforming Qantas lately?
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• These 3 ASX shares have just been named as broker buys

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 Codan Limited (ASX: CDA) share price is in positive territory during early afternoon trade. This comes after the technology company announced a leadership reshuffle for its top job.

At the time of writing, Codan shares are fetching $10.45, up 0.58%.

Codan finds CEO successor

Investors are pushing Codan shares higher after the company updated the ASX with its latest news.

In its announcement, Codan advised it has appointed Alf Ianniello as the new managing director and CEO.

Ianniello brings a wealth of experience to the role, having been CEO of Adelaide-based Detmold Group for 14 years. Prior to that, he held a number of senior positions during his 12-year international career. These include roles at automotive and defence companies, Schefenacker Vision Systems, and British Aerospace

Ianniello has a Bachelor of Engineering, majoring in Electronic Engineering. He completed the Wharton Business School Global CEO program at the University of Pennsylvania in 2012.

The inclusion follows an extensive search process which found a strong list of candidates, both internal and external.

Ianniello is expected to start with Codan on 4 January 2022 following the completion of his notice period. Outgoing Codan managing director and CEO Donald McGurk will retire from the role at that time.

Codan chair David Simmons commented:

On behalf of the Board, I am delighted to announce Alf’s appointment. Having served on the Detmold Board for eight years up until 2019, I was able to see at first-hand that Alf was an outstanding CEO and leader. He has a proven track record of leveraging innovation and organisational capabilities and achieved significant growth in sales and profitability during his time as CEO, with revenues reaching US$450 million.

Our search criteria of appointing a CEO with international experience whilst running a complex business at scale has been fulfilled with Alf’s appointment.

About the Codan share price

It’s been a disappointing 12 months for Codan investors, with the company’s shares falling around 5% over the period. Year-to-date hasn’t fared any better, down almost 7%.

Codan presides a market capitalisation of roughly $1.88 billion, with approximately 180.88 million shares outstanding.

The post Codan (ASX:CDA) share price edges higher on CEO replacement appeared first on The Motley Fool Australia.

More reading

• Why Ausnet, Charter Hall, Codan, and Imugene shares are storming higher
• These were the worst performing ASX 200 shares in October
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• Why Codan, IOOF, Orocobre, and PointsBet shares are tumbling
• Codan (ASX:CDA) share price hits new one-year low

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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The PointsBet Holdings Ltd (ASX: PBH) share price is pushing higher again on Wednesday.

In afternoon trade, the sports betting company’s shares are up 0.5% to $8.85.

Can the PointsBet share price push higher?

The good news for investors is that one leading broker believes the PointsBet share price could still run a lot higher from here.

According to a note out of Goldman Sachs, its analysts have retained their buy rating and $12.79 price target on the company’s shares.

Based on the current PointsBet share price, this implies potential upside of 44% over the next 12 months.

What did Goldman say?

Goldman was pleased to see that PointsBet has been recommended for one of nine mobile sports betting licenses in New York.

It commented: “We see this as a positive development for PBH and believe this should be well-received by the market given i) our views of the growing asymmetric risks inherent in the PBH share price in particular around the NY RFP process, and ii) recent share price weakness.”

Goldman notes that New York was one of the largest states in its total addressable market (TAM) model for PointsBet.

“We note that NY represents one of the largest states in our US OSB TAM model, at US$1.4 bn at maturity, accounting for 3.8% of total, though we modeled a lower TAM due to the challenging structure.”

“If NY were modeled like a typical “Tier 1” state (~22bps of consumption expenditures), the market size could be as higher than what we currently embed (as high as $3.8bn), but the market could see lower penetration of consumer expenditures if adoption lags due to better lines/promos in neighboring states, less conversion from the grey market,” it added.

Nevertheless, Goldman believes investors should not underestimate the value in gaining a New York licence.

“That said, we believe the strategic merits in obtaining licensing in a large state like NY should not be underestimated particularly given PBH’s presence in neighboring states of New Jersey and Pennsylvania,” it concluded.

All in all, Goldman believes the company is well-placed for strong long term growth. In light of this, it sees a lot of value in the current PointsBet share price.

The post PointsBet (ASX:PBH) share price tipped to surge 44% higher appeared first on The Motley Fool Australia.

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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. owns shares of and has recommended Pointsbet Holdings Ltd. The Motley Fool Australia has recommended Pointsbet Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Regional Express Holdings Ltd (ASX: REX) share price is having a good day on the ASX today but the boost isn’t enough to combat its recent poor performance.

The REX share price has slid 6% over the last 30 days despite releasing no news to the market. It’s currently trading at $1.525, 3% higher than its previous close.

Meanwhile, fellow ASX airline Qantas Airways Limited (ASX: QAN) has seen its share price take off. While it’s in the red today, Qantas’ stock is currently trading for 3% more than it was this time last month.

So, what’s causing one airline’s shares to nosedive while the other’s soar? Let’s take a look.

REX share price plummets, Qantas’ takes off

The REX share price’s recent tumble might have stemmed from a lack of news rather than any negative updates.

The last time the market heard price-sensitive news from REX was in late September when the airline announced it would resume flights on 31 October following an extended standdown.

The airline’s predicted restart aligned with when it expected its frontline staff to be fully vaccinated against COVID-19. The company announced in a press release that it achieved this goal on 1 November.

REX plans to restart its regional New South Wales services, and flights between Melbourne, Sydney, and Canberra from 15 November. Flights between Melbourne and Adelaide will take off from 26 November. Finally, flights to the Gold Coast from Sydney and Melbourne will begin on 17 December.

Meanwhile, Qantas has graced the market with 2 price-sensitive announcements over the last month.

First, it sold 13.8 hectares of land in Sydney’s Mascot for $802 million. The funds will be put towards paying off the airline’s debt.

Then, on 22 October, Qantas announced it was bringing forward its plans to get back into international airspace.

The airline and its budget leg, Jetstar, will both be taking off more than 4 weeks earlier than planned after New South Wales and Victoria opened their borders to international travel on 1 November.

Since Australia’s international borders reopened – at least in New South Wales and Victoria – the Qantas share price has gained 7%.

Sadly, the REX share price hasn’t enjoyed such a boost. Most likely because it only operates domestic services.

The post Why is the Regional Express (ASX:REX) share price underperforming Qantas lately? appeared first on The Motley Fool Australia.

More reading

• Which ASX transport shares were the best performers during October?
• Regional Express (ASX: REX) share price slumps amid new regional competition

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 DigitalX Ltd (ASX: DCC) share price has had a rather interesting time so far this week.

DigitalX shares experienced back-to-back gains on Monday and Tuesday this week, rising 15% on Monday and another 21.7% on Tuesday. Break out the champagne. But today, it’s been a different story. DigitalX shares closed at 14 cents yesterday, and opened at 13 cents this morning (a loss of 7.15%) before dropping down to 12.5 cents. That’s a loss of 10.7%.

But since open, the company has rebounded somewhat. It’s currently trading at 13 cents, down 7.14%. So what on earth is going on here that could spark such whiplash-inducing volatility?

Well, to understand that, let’s backtrack a little. DigitalX likely had such a strong start to the week due to the update it posted on Monday morning. As we covered at the time, DigitalX notched a new record high for funds under management (FUM) with $38.99 million as of 31 October. That figure represents a 36.8% increase on the prior month, helped by both inflows and booming cryptocurrency pricing.

This impressive performance was driven by DigitalX’s two investment funds, the Bitcoin Fund and the Digital Asset Fund, which were up 37.46% and 27.82% respectively over the month. Year to date, these two funds are now up 105.7% and 285.7%, respectively.

These figures are probably behind DigitalX’s breakneck share price appreciation earlier this week.

So why did the DigitalX share price get the wobbles today?

DigitalX share price takes a breather after its run

Well, it’s not entirely clear. There has been no other news or announcements out of the company today (or yesterday, for that matter).

Cryptocurrency prices have pulled back slightly over the past 24 hours or so, with Bitcoin (CRYPTO: BTC) retreating from the record high of roughly US$68,500 it hit yesterday by around 1.8%. It’s still asking around US$67,000 per coin at the time of writing, so not too much to phone home over.

It’s possible that after the stellar run this company went on over Monday and Tuesday, investors have decided to take a break today and perhaps get some profits off of the table.

Whatever the reason for DigitalX’s share price wobbles today, investors don’t have too much to objectively complain about. DigitalX shares are still up 22.7% over the past 5 trading days, and up almost 93% over the past 6 months.

At today’s DigitalX share price of 13 cents, this company has a market capitalisation of $103.55 million.

The post Why did the DigitalX (ASX:DCC) share price fall 10% this morning? appeared first on The Motley Fool Australia.

More reading

• DigitalX (ASX:DCC) share price surges 10% on Bitcoin update
• Why has the DigitalX (ASX:DCC) share price rallied 57% in a month?

Motley Fool contributor Sebastian Bowen owns shares of Bitcoin. 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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