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Today, the S&P/ASX 200 Index (ASX: XJO) suffered another fall following in the footsteps of US markets overnight. The benchmark index tumbled 1.08% to 7,196.7 points.

Some of the hardest hit shares on the Aussie market were from the energy, healthcare, and tech sectors.

However, the question is: which shares delivered the biggest returns to investors on the ASX today? Here are the ten stocks that rose to the occasion:

Top 10 ASX shares countdown today

Looking at the top 200 listed companies, Regis Resources Ltd (ASX: RRL) was the biggest gainer today. Shares in gold miner jumped 6.32% as gold prices held steady. Find out more about Regis Resources here.

The next biggest gaining ASX share today was Evolution Mining Ltd (ASX: EVN). Yet another gold mining company that performed strongly on Wednesday. Shares in Evolution rallied 4.19% to $3.48, once again supported by the steady gold price. Uncover the latest Evolution Mining details here.

Today’s top 10 biggest gains were made in these ASX shares:

ASX-listed company	Share price	Price change
Regis Resources Ltd (ASX: RRL)	$2.02	6.32%
Evolution Mining Ltd (ASX: EVN)	$3.48	4.19%
AGL Energy Ltd (ASX: AGL)	$5.87	3.35%
Perseus Mining Ltd (ASX: PRU)	$1.395	3.33%
Orica Ltd (ASX: ORI)	$12.04	2.99%
Northern Star Resources Ltd (ASX: NST)	$8.50	2.91%
IDP Education Ltd (ASX: IDP)	$34.06	2.28%
Yancoal Australia Ltd (ASX: YAL)	$2.72	2.26%
Newcrest Mining Ltd (ASX: NCM)	$22.63	1.89%
Latitude Group Holdings Ltd (ASX: LFS)	$2.20	1.85%

Our top 10 ASX shares countdown is a recurring end-of-day summary to ensure you know which companies were making big moves on the day. Check-in at Fool.com.au after the market has closed during weekdays to see which stocks make the countdown.

The post Here are the top 10 ASX shares today appeared first on The Motley Fool Australia.

More reading

• Here are the 3 most traded ASX 200 shares so far today
• Sydney Airport (ASX: SYD) share price slips amid ACCC’s latest findings
• Which ASX 300 shares are leading the way mid-week?
• Qantas (ASX:QAN) share price falls amid ACCC report into COVID-19 impacts
• ASX 200 (ASX:XJO) midday update: Big four banks fall, Afterpay tumbles

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. owns shares of and has recommended Idp Education Pty Ltd. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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If you’re interested in gaining exposure to the small side of the market, then you might want to look at the small cap ASX shares listed below.

Here’s why these small cap ASX shares are ones to watch:

Ai-Media Technologies Ltd (ASX: AIM)

The first small cap to watch is Ai-Media Technologies. It is a global media access provider with operations across the ANZ, North American, EMEA and Asia markets

The company’s cloud-based technology platform provides live and recorded captioning, transcription, subtitles, translation and speech analytics.

Bell Potter is positive on the company. It currently has a buy rating and $1.50 price target Ai-Media Technologies’ shares. The broker was pleased with its performance in FY 2021 and remains positive on the future.

It commented: “We maintain our Buy recommendation and positive outlook on AIM. We remain attracted to AIM’s long-term growth strategy driven by its ability to apply proprietary technology in providing high accuracy, near real-time voice transcription services.”

Mydeal.Com Au Ltd (ASX: MYD)

Another small cap to watch is MyDeal. It is an online retail marketplace focused on home and lifestyle goods. As per the company’s most recent update, MyDeal had more than 1,800 sellers on its platform with over 6 million product SKUs listed across over 2,000 categories.

This strong offering and the shift online helped drive a 111% increase in gross sales to $218.1 million and a 119% jump in gross profit to $33.3 million in FY 2021.

The team at Morgans is positive on the company’s long term outlook. As a result, it currently has an add rating and 90 cents price target on its shares.

The broker said: “We don’t expect MYD to turn a profit in the current year (we never did), as all this investment in growth comes at a cost. But, to us, this story is not about short-term profitability and dividends. It’s about creating a market leading ecommerce platform that can be the foundation of substantial earnings growth. We appreciate this is not an investment that will appeal to everyone. But for those that want exposure to a high growth ecommerce opportunity with a strong balance sheet, we think MYD fits the bill.”

The post 2 buy-rated small cap ASX tech shares you need to know appeared first on The Motley Fool Australia.

More reading

• Brokers name 2 ASX healthcare shares to buy
• ANZ (ASX:ANZ) share price slips as bank faces multimillion-dollar lawsuit
• What’s happening with the Evergrande share price and what does it mean?
• ASX lithium shares slide as increasing supply pushes prices down in China
• Redbubble (ASX:RBL) share price has surged 16% in 9 days. Is it a buy?

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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The healthcare sector is having a tough week and has fallen heavily. For example, the S&P/ASX 200 Health Care index is down 7.5% since this time last week.

While this is disappointing, it may have created a buying opportunity for investors.

Two healthcare shares that have been rated as buys this week are listed below. Here’s what you need to know about them:

Australian Clinical Labs Ltd (ASX: ACL)

Australian Clinical Labs a leading Australian private provider of pathology services through 86 NATA accredited laboratories. From these sites, the company performs a diverse range of pathology tests each year for a range of clients. These include doctors, specialists, patients, hospitals and corporate clients.

According to a note out of Goldman Sachs this morning, the broker has reiterated its buy rating and lifted its price target to $5.70. This follows the release of a trading update, which revealed an upgrade to its guidance.

Goldman commented: “ACL has materially upgraded 1H22 guidance for the second time in a month, primarily driven by the continued strong demand for Covid-19 testing, but also by an under-appreciated resiliency/recovery in the base business.”

Healius Ltd (ASX: HLS)

Healius is a healthcare company with a network of medical centres and pathology centres across Australia. Like Australian Clinical Labs, it has been benefiting greatly from the strong demand for COVID-19 testing services.

And while vaccination rates are increasing, the team at Macquarie believe testing volumes will remain strong for some time to come. This is expected to underpin strong earnings and dividends in the near term.

Furthermore, Macquarie notes that it prefers Healius over Sonic Healthcare Limited (ASX: SHL) for valuation reasons and the prospect of margin expansion.

According to the note, the broker has retained its outperform rating and lifted its price target to $5.55.

The post Brokers name 2 ASX healthcare shares to buy appeared first on The Motley Fool Australia.

More reading

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• Why analysts rate these ASX healthcare shares highly

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 owns shares of and has recommended Macquarie Group Limited. The Motley Fool Australia has recommended Australian Clinical Labs Limited and Sonic Healthcare 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 Australia New Zealand Banking Group Ltd (ASX: ANZ) share price has slipped into the red during afternoon trade. ANZ shares are now trading at $27.39.

ANZ shares are on the down as the banking giant faces a multimillion-dollar class-action lawsuit in New Zealand.

Here’s what we know.

Why is ANZ in the naughty corner?

The lawsuit has been brought against the bank in the Auckland High Court on claims that it failed to refund fees and earned interest. The claim has been brought on behalf of 150,000 of its customers.

Litigators are seeking compensation from the bank. They claim ANZ has yet to make good on these owed payments, some of which came about due to disclosure breaches.

Australian litigation finance firm CASL and New Zealand litigation financier LPF Group are jointly funding the suit.

It’s not the first time ANZ has admitted a liability of this nature. It has previously acknowledged failures to provide accurate information to personal and home loan customers in New Zealand.

Last year the bank agreed to pay around NZ$30 million to some 100,000 of its customers. This was after admitting it misstated interest calculations on loans from May 2015 to May 2016.

According to ANZ, this was due to a coding error in its mortgage payment algorithms.

The present case is to be prosecuted under the Credit Contracts and Consumer Finance Act (CCCFA) of New Zealand. Former NZ Commerce Commission lawyer Scott Russell will lead the bench.

Speaking to today’s NZ Herald, Russell said, “If a bank fails to comply with its disclosure obligations, it is not legally entitled to charge interest or fees on the affected loan” until issues are rectified.

Russell added that ANZ’s alleged failures “constitute serious breaches of the provisions of the CCCFA”. He asserted the bank should pay its customers back to set the record straight.

ANZ shares are down 0.85% on the day, in line with weakness in the broader Australian financials sector.

ANZ share price snapshot

The ANZ share price has climbed over 20% this year to date, extending its gains over the past year to 56%.

Yet, it is down 3% in the past month.

Nonetheless, ANZ shares have outpaced the S&P/ASX 200 Index (ASX: XJO) benchmark return of 20% this past 12 months.

The post ANZ (ASX:ANZ) share price slips as bank faces multimillion-dollar lawsuit appeared first on The Motley Fool Australia.

More reading

• Confirmed: APRA is planning action on home loans, ASX 200 banks drop
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• September hasn’t been a great month so far for the ANZ (ASX:ANZ) share price
• Why ANZ (ASX:ANZ) and this dividend share could be buys

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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The China Evergrande Group (HKG: 3333) share price is the talk of the town today as the world’s most indebted company continues to make headlines.

But despite the (mostly) bad press, the company’s share price is gaining.

Right now, the Evergrande share price is around 52 cents. That’s 10.11% higher than its previous close and 23% higher than it was at the end of last week.

Evergrande’s business is in property development and its listed on the Hong Kong stock exchange. Evergrande reportedly has more than $400 billion of debt in its books.

So, what’s going on with Evergrande and its share price? Let’s take a look.

A quick refresher

Evergrande has been in focus for a number of weeks after it warned the world that it might not be able to make the payments on its debt, forcing it to default.

That in itself isn’t such a huge issue. It’s what might happen if the company did go belly-up that’s got global markets worried.

The company is, of course, a huge part of China’s economy. Additionally, as the Wall Street Journal reports, China’s market is hugely property-dominated and some market analysts predict Evergrande’s collapse could wobble the entire Chinese economy.

A major impact on an economy as big as China’s might have a ripple effect on other global economies. Further, according to reporting by Reuters, many global investment companies are exposed to Evergrande’s debt.

For that reason, the company’s challenges have rattled investor confidence. Especially, in Australian sectors typically dominated by China, such are iron ore.

What’s driving the Evergrande share price lately?

It’s unclear as to exactly why the Evergrande share price is taking off this week. However, there are theories.

As my Foolish US colleague recently reported, China’s Central Bank has promised to protect those exposed to the housing market from the potential collapse of Evergrande.

Some investors might be interpreting the news as a guarantee the Chinese Government will bail out Evergrande. However, that’s likely not the case.

That line of thinking is made more unlikely by reports the Chinese Government is hinting for firms and developers to buy assets from Evergrande. Doing so would likely reduce the impact of a collapse, according to Business Insider.

Other outlets, such as Reuters, have reported the recent gains might be to do with short sellers. Of course, some investors are likely attempting to cash in on the drama surrounding Evergrande.

Though, it hasn’t been a picnic for the Evergrade share price lately. It tanked last week as it looked to default on its debt ahead of an US$83.5 million bond interest payment, due last Thursday.

Luckily, the company managed to avoid defaulting on the back of the payment – which, according to the BBC, it missed.

Another payment, this time worth US$47.5 million, is reportedly due today.

The post What’s happening with the Evergrande share price and what does it mean? appeared first on The Motley Fool Australia.

More reading

• ASX lithium shares slide as increasing supply pushes prices down in China
• Redbubble (ASX:RBL) share price has surged 16% in 9 days. Is it a buy?
• Why Afterpay, Mineral Resources, Pilbara Minerals, & Pro Medicus shares are falling
• Here are the 3 most traded ASX 200 shares so far today
• Elixir Energy (ASX:EXR) share price lifts on hydrogen update

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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ASX lithium shares are falling on Wednesday amid a broad-based selloff taking place across the S&P/ASX 200 Index (ASX: XJO).

Large cap ASX lithium shares lead the declines

The Pilbara Minerals Ltd (ASX: PLS) share price is currently down 3.16% at $2.00, threatening a 2-month low. The Orocobre Limited (ASX: ORE) share price is also in the red, down 2.62% to $8.54.

Explorers are showing mixed results so far today, with Piedmont Lithium Inc (ASX: PLL) flat at 70 cents, and Core Lithium Ltd (ASX: CXO) and Lake Resources NL (ASX: LKE) edging slightly lower, down 1.27% and 0.85% respectively.

Meanwhile, the likes of Liontown Resources Limited (ASX: LTR) and AVZ Minerals Ltd (ASX: AVZ) have managed to stay afloat, up 2.64% and 0.58% respectively.

Lithium prices ease from record highs

S&P Global yesterday reported an increase in traders selling industrial-grade lithium carbonate, keeping surging prices at bay in China.

Spot offers headed south towards yuan 175,000 to 180,000/mt on 28 September compared to yuan 185,000/mt on 24 September.

ASX lithium shares have been running hot this year thanks to a strong rebound in lithium prices.

In the case of Pilbara Minerals, its digital lithium auction received bids as high as US$2,240/dry metric tonne for its 5.5% spodumene concentrate.

Just two months ago, the highest bid at its inaugural digital auction came in at US$1,250/dmt.

But lithium prices might have hit a near-term top, after S&P Global reported a Chinese trader as saying:

Spot liquidity has been thinning with ongoing term contract negotiations for October delivery cargoes and some sellers think that the peak for near term spot prices is near, leading to the higher number of spot offers in the market.

It is understood that the selling pressure on industrial-grade lithium carbonate may not necessarily have an impact on prices for battery-grade lithium carbonate.

S&P pointed out that China’s demand was expected to slow down during its Golden Week National holiday between 1-7 October. However, its sources said that spot demand for battery-grade lithium carbonate would likely resume once term contract negotiations for October were settled.

The post ASX lithium shares slide as increasing supply pushes prices down in China appeared first on The Motley Fool Australia.

More reading

• Why Afterpay, Mineral Resources, Pilbara Minerals, & Pro Medicus shares are falling
• Here are the 3 most traded ASX 200 shares so far today
• 2 ASX 200 mining shares to buy in October
• These 3 ASX 200 shares are topping the volume charts today
• These 3 ASX 200 shares are topping trading volumes today

Motley Fool contributor Kerry Sun 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 Redbubble Ltd (ASX: RBL) share price has seen better days than today. At the time of writing, the global online marketplace is in the red by 4.29%, at $4.355 per share.

However, the Redbubble share price has surged approximately 15% in value over the past 9 trading days. That’s rather impressive considering many investors would be stoked with a 15% return over the course of a year.

Additionally, shareholders have experienced a strong bounceback from the $3.19 price witnessed in August, rallying 37% since then.

This poses the question: is now the time to buy Redbubble shares? Let’s see what brokers and fund managers think of the opportunity.

Is Redbubble a buy on the ASX?

Despite being included in the S&P/ASX 200 Index (ASX: XJO) back in April, the Redbubble share price suffered a swift fall soon after. This was instigated by a trading update from the company pointing out an increase in investments to drive its top-line growth.

However, investors seem to have had a change of heart following the release of the company’s full-year results for FY21. Some notable items in its financials for the period included marketplace revenue increasing 58% to $553 million and earnings before interest, tax, depreciation, and amortisation (EBITDA) skyrocketing 930% to $53 million.

Since reporting these numbers, some brokers and fund managers have shared bullish perspectives on the eCommerce player.

Firstly, leading broker Morgans considers Redbubble a serious ASX opportunity. The broker currently has a buy on the company with a price target of $4.83. Importantly, it sees a lot of growth potential ahead for Redbubble.

For reference, the company is aiming to reach $1.25 billion per year in marketplace revenue in the next few years. This would represent an increase of 126% on its latest full-year revenue. If achieved, that would certainly be a significant level of growth.

Fund manager thoughts

Meanwhile, as we recently covered, EGP Capital is a big fan of Redbubble. At the end of August, the company was its fourth-largest holding in the Concentrated Value Fund.

The fund’s chief investment officer Tony Hansen spoke highly of Redbubble’s management and is optimistic for the company’s medium-term prospects.

I remain very positive about the medium-term prospects of RBL, now that the marketplace has reached scale, the key decisions are around how to deploy cashflows in search of business optimisation. Each new time I hear CEO Mike Ilczynski discuss his strategy, I am more convinced he has a very clear vision for how best to position the business.

Additionally, Hansen notes that ASX-listed Redbubble could be enticing to US-based Etsy Inc (NASDAQ: ETSY) as a potential acquisition candidate.

Redbubble currently trades on a price-to-earnings (P/E) ratio of 38.61.

The post Redbubble (ASX:RBL) share price has surged 16% in 9 days. Is it a buy? appeared first on The Motley Fool Australia.

More reading

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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. owns shares of and has recommended Etsy. 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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It has been another disappointing day for the S&P/ASX 200 Index (ASX: XJO). In afternoon trade, the benchmark index is down 1.1% to 7,194.4 points.

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

Afterpay Ltd (ASX: APT)

The Afterpay share price is down 4% to $122.43. This decline has been driven by a pullback in the Square share price overnight. As Square is acquiring Afterpay in an all-scrip deal, the value of the takeover changes with the payment giant’s share price. The Square share price was well and truly out of form and dropped 6% overnight.

Mineral Resources Limited (ASX: MIN)

The Mineral Resources share price has dropped 5.5% to $43.39. Today’s decline appears to have been driven partly by a broker note out of Morgan Stanley today. According to the note, the broker has retained its underweight rating and cut its price target on the company’s shares to $41.00.

Pilbara Minerals Ltd (ASX: PLS)

The Pilbara Minerals share price is down 3% to $2.00. A number of resources shares are falling today amid a broad market selloff. And given how the Pilbara Minerals share price has more than doubled in value this year, some investors may be taking a bit of profit off the table as well.

Pro Medicus Limited (ASX: PME)

The Pro Medicus share price has fallen 3% to $52.43. Weakness in the healthcare and technology sectors today has been weighing on the health imaging software company’s shares. And as with Pilbara Minerals, profit taking could be adding to this. After all, the Pro Medicus share price is still up 49% since the start of the year.

The post Why Afterpay, Mineral Resources, Pilbara Minerals, & Pro Medicus shares are falling appeared first on The Motley Fool Australia.

More reading

• Here are the 3 most traded ASX 200 shares so far today
• Why the Zip share price plunged 6% this morning
• ASX 200 (ASX:XJO) midday update: Big four banks fall, Afterpay tumbles
• Afterpay (ASX:APT) and Zip (ASX:Z1P) share price falls as Mastercard opens up the BNPL sector
• Why ASX tech shares are crashing on Wednesday

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 AFTERPAY T FPO and Pro Medicus Ltd. The Motley Fool Australia owns shares of and has recommended AFTERPAY T FPO and Pro Medicus 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 S&P/ASX 200 Index (ASX: XJO) is having a pretty terrible day on the share markets today, if we can be completely frank. The ASX 200 is currently down a nasty 1.01% to 7,202 points.

But rather than crying over spilt milk, let’s instead take a look at which ASX 200 shares are proving the most popular today in terms of raw trading volume, according to invsting.com.

The 3 most traded ASX 200 shares so far today

Oil Search Ltd (ASX: OSH)

ASX 200 energy share Oil Search is our first cab off the rank today. This oil driller has seen a notable 19.1 million of its shares swap hands on the markets so far today. With no major news or announcements out of Oil Search, we can probably assume today’s volume can be put down to the Oil Search share price itself.

This company has had quite a day so far. Initially after open this morning, Oil Search cratered down to $4.29 a share. But since then, the company’s shares have staged a mild recovery. Although Oil Search remains down by 0.11% at $4.40 at the time of writing. It’s likely this turbulence is what’s behind the high trading volumes we see today.

Pilbara Minerals Ltd (ASX: PLS)

Next up we have ASX 200 lithium producer Pilbara Minerals. Pilbara has seen a substantial 20.26 million of its own shares bought and sold so far on today’s share market. This company did release a general meeting presentation earlier this afternoon, but this is unlikely to have had a major impact on trading volumes.

Instead, we can probably look to the nasty share price fall Pilbara has undergone so far this Wednesday. This lithium share is currently down by 2.43% to $2.01 a share at the time of writing.

Beach Energy Ltd (ASX: BPT)

Out final ASX 200 share today is another energy company in Beach Energy. Beach tops the ASX 200 so far today for trading volume, with a mighty 21.68 million shares bought and sold thus far. Like Oil Search, Beach has has a rather volatile day. It opened higher this morning at $1.40 a share, but quickly fell back down to $1.34 soon after.

However, Beach has also staged something of a recovery later in the day, and is currently sitting at $1.36 a share, down just 0.22% so far. It’s this volatility that has likely sparked such a high trading volume. 

The post Here are the 3 most traded ASX 200 shares so far today appeared first on The Motley Fool Australia.

More reading

• Top broker sees 18% upside for the Beach (ASX:BPT) share price
• Sydney Airport (ASX: SYD) share price slips amid ACCC’s latest findings
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• The S&P 500 just dropped 2%. Why is this impacting ASX 200 shares?

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 Elixir Energy Ltd (ASX: EXR) share price is steady in afternoon trade after a 6% surge earlier today.

Shares in the gas explorer shot up to 26.5 cents apiece mid-morning but have slipped back amid general market malaise.

Let’s take a look at what’s happened with the Elixir share price today.

Hydrogen update propels Elixir share price higher

Shares in Elixir received a boost in morning trade after the company released a compelling presentation on its interest in hydrogen and the market potential.

The company highlighted various initiatives that its subsidiary in Mongolia, GOH Clean Energy LLC, has been pursuing.

According to the presentation, Elixir considers Mongolia as one of the best locations in the world to produce green hydrogen.

The factors that make the location attractive include its proximity to Chinese markets, low-cost delivery options and few competitors.

Elixir noted its current natural gas assets in Mongolia are highly complementary to pursuing more clean energy ventures.

In particular, Elixir highlighted the market opportunity in China.

The company noted the physical nature of hydrogen makes it expensive to ship long distances. As a result, hydrogen sources adjacent to large users like China present a massive competitive advantage.

More on Elixir Energy

The Elixir share price has made numerous headlines this past month.

Most recently, the company released an operations update relating to its Nomgon IX Coal Bed Methane site.

Elixir’s management noted the company now has 3 new potentially productive sub-basins in its inventory.

Shares in Elixir have remain buoyed since the company announced it had extended the area of discovery in its Kingston sub-basin in late August.

Recently, the Elixir share price has also been boosted by the recent price rally in the oil markets.

Snapshot of the Elixir share price

The Elixir share price has had a volatile run in 2021.

Shares in the gas explorer shot to record highs in April and have been progressively sold down since.

Despite the sell-off, the Elixir share price remains more than 104% higher since the start of the year.

At the time of writing, shares in Elixir are flat for the day at 25 cents apiece after hitting 26.5 cents around 11 o’clock.

The post Elixir Energy (ASX:EXR) share price lifts on hydrogen update appeared first on The Motley Fool Australia.

More reading

• Elixir Energy (ASX:EXR) share price slumps on coal update
• Elixir Energy (ASX:EXR) share price leaps 14% on rising oil prices
• Why the Elixir Energy (ASX:EXR) share price is down 20% in 3 months

Motley Fool contributor Nikhil Gangaram 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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