Tag: Motley Fool

  • Why the BARD1 (ASX:BD1) share price is climbing 6% today

    increase in asx medical software share price represented by doctor making excited hands up gesture

    BARD1 Life Sciences Ltd (ASX: BD1) shares are climbing today following a favourable outcome for the company’s hTERT test. At the time of writing, the BARD1 share price has leapt 6.34% to $3.86. 

    Let’s take a closer look at what the diagnostics company announced.

    What’s pushing the BARD1 share price higher?

    Investors have been driving up the BARD1 share price after the company provided a positive announcement before market open.

    According to its release, BARD1’s hTERT test has been granted Class II In-Vitro Diagnostic (IVD) medical device registration from South Korea’s Ministry of Food and Drug Safety (MFDS).

    The pleasing result will now see the company’s hTERT product distributed across South Korea through Mirax Corporation (Mirax). Previously in late 2018, BARD1 entered an exclusive distribution agreement with Mirax for the hTERT test.

    Under the initial terms of the deal, BARD1 received a purchase order from Mirax within two days of receiving IVD registration. The first lot of hTERT products is expected to generate revenue of $80,000 for BARD1.

    Addressable market opportunity

    The South Korean medical device market is considered to be a massive opportunity for BARD1. In 2018, the country’s medical device market was ranked as the ninth-largest in the world and valued at more than US$6.8 billion.

    Urological cancer, including bladder cancer, is seen as an increasingly significant health problem in South Korea. A 2011 published report stated that urological cancer accounted for 8% of all known cancers in the country.

    What did management say?

    BARD1 CEO Dr Leearne Hinch hailed the company’s progress, saying:

    Securing Korean registration and our first order from Mirax is the culmination of the BARD1 team’s dedication and effort to expanding the geographical footprint for hTERT in Asia. We are excited to be entering the Korean market and are looking forward to working with the Mirax team to build a strong franchise for hTERT in this key Asian healthcare market.

    Mirax CEO Sang-Ju Bae continued on to add:

    Mirax believes there is a significant opportunity for hTERT to become a key product in the bladder cancer diagnostic market in Korea. We are confident that the Mirax / BARD1 partnership can position hTERT as a valuable tool for cytologists, pathologists and urologists in the fight against bladder cancer.

    Foolish takeaway

    The BARD1 share price changed little over the course of 2020, however, in 2021, it has gained more than 460% year to date.

    Where to invest $1,000 right now

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    Motley Fool contributor Aaron Teboneras 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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  • Roblox shares added to ARK Next Generation fund, but why?

    Watching ASX share price represented by boy with question mark on forehead looking up

    Roblox Corp (NYSE: RBLX) completed its initial public offering (IPO) and listed on the New York Stock Exchange on Wednesday.

    The game platform boasts nearly 200 million monthly active users. For somewhat of a comparison, Call of Duty, which is owned by Activision Blizzard Inc (NASDAQ: ATVI) recorded 100 million monthly active users in the last months of 2020.

    Roblox matches the description

    Since this exchange-traded fund (ETF) is an actively managed fund, ARK Invest posts its position changes daily. As a result, we now know that Cathie Wood’s ARK Next Generation Internet ETF (NYSE: ARKW) nabbed 519,086 Roblox shares on the IPO day. But you might be asking why?

    It might be hard to see how a digital world could be worth investing in. Furthermore, how Roblox could justify its now $40 billion market capitalisation – that’s right, just under half the size of Westpac Banking Corp (ASX: WBC).

    Well for starters, there’s a lot of people playing the game. As this audience purchases in-game items, Roblox gains revenue – and lots of it! Roblox is expecting to hit US$1.5 billion in revenue for the year by the end of 2021.

    Roblox also fits into one of ARK’s ‘Big Ideas 2021’ virtual worlds. By ARK’s definition, virtual worlds consist of video games, augmented reality, and virtual reality. Roblox is a virtual world, where people interact with each other through over 50 million user-created meta-games.

    According to ARK, revenue from virtual worlds will compound at an annual rate of 17%, from US$180 billion at present to US$390 billion by 2025.

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

    Video games becoming the ‘third place’

    In ARK’s big ideas presentation, it notes the concept of the ‘third place’. A place that is separate from home and work, that people are creating a life around.

    According to ARK’s research, time spent on video games for the average person will increase from 1.1 hours per day to 1.5 hours in the next five years. If this does in fact transpire, it will mean more time and likely more money being spent within these virtual environments. 

    This trend was certainly catapulted forward by the COVID-19 pandemic. According to Verizon, video game internet traffic increased by 75% in America during lockdowns. Gaming giants like Roblox benefitted strongly from the circumstances, and growth doesn’t appear to be slowing down. For the first quarter of FY21, Roblox expects revenue to double to US$320 million. 

    Based on ARK’s latest filing, Roblox holds a weighting of 0.47% in the next generation ETF. Will Cathie Wood increase its holding of Roblox shares, we will be watching to see. 

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    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 recommends Activision Blizzard. The Motley Fool Australia has recommended Activision Blizzard. 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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  • Why the Bitcoin price is rocketing towards new record highs again

    A rocket with a bitcoin symbol take off, indicating a surging or record high price in the cryptocurrency

    Boom! Did you hear that?

    That was the sound of Bitcoin (CRYPTO: BTC) breaking back above US$58,000 this morning.

    According to data from CoinDesk, the world’s largest cryptocurrency by market cap hit US$58,150 (AU$74,550). In the past hour, it’s retraced some, back to US$57,830. Though by the time you read this it could be hundreds of dollars higher…or lower.

    Such remains the volatile nature of these digital assets.

    At its earlier price, Bitcoin was trading within a whisker of its all-time highs of US$58,330 set on 22 February this year.

    What’s driving the record highs?

    There’s no doubt that United States President Joe Biden’s US$1.9 trillion COVID recovery package has revived bullishness in the world’s share markets. And as we’ve witnessed in the past, when share markets roar, Bitcoin often charges higher.

    According to Simon Peters, an analyst at multi-asset investment platform eToro (quoted by Bloomberg), “The announcement from the White House is very significant for risk assets in general, and crypto-assets specifically.”

    Antoni Trenchev, managing partner and co-founder of crypto-lender Nexo adds, “Bitcoin’s resilience is proving to be the stuff of legend. Every correction is an opportunity to reset and restart the move upwards.”

    While Bitcoin remains highly volatile and its future is hotly debated, the cryptocurrency has been buoyed by some high profile support of late.

    Citi and Goldman Sachs analysts have given Bitcoin a positive nod, while Elon Musk’s Tesla Inc (NASDAQ: TSLA) bought US$1.5 billion worth of Bitcoin earlier this year. Blackrock, Morgan Stanley and Guggenheim have also come out in support of the digital asset.

    According to Eleanor Creagh, Australian Market Strategist at Saxo Capital Markets, “In the long term, institutional and commercial support will further validate the cryptocurrency, increasing its popularity as a store of value and paving the path toward mass adoption.”

    Bitcoin price snapshot

    When you look at the recent Bitcoin price moves, you may be wishing for a time machine.

    A mere two years ago, on 11 March 2019, Bitcoin was trading for US$3,900. One year ago it was worth US$5,700 and it wasn’t until the end of July 2020 that it broke through US$10,000.

    In other words, a 1,390% price gain for Bitcoin over the past two years.

    Where to invest $1,000 right now

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    Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Bitcoin and Tesla. 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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  • Here’s why the Volpara (ASX:VHT) share price is surging 7% higher

    A young man pointing up looking amazed, indicating a surging share price movement for an ASX company

    The Volpara Health Technologies Ltd (ASX: VHT) share price looks set to end the week on a very positive note.

    In early afternoon trade the healthcare technology company’s shares are up 7.5% to $1.42.

    Why is the Volpara share price surging higher?

    Investors have been buying Volpara’s shares this afternoon after it announced the signing of a major new contract.

    According to the release, the company’s recently acquired CRA Health business has signed Volpara’s highest value contract to date.

    CRA Health is a breast cancer risk assessment company that was spun out from Massachusetts General Hospital, a Harvard Medical School teaching hospital. Volpara announced its acquisition last month for US$18 million upfront and an additional US$4 million payable upon it meeting recurring revenue and staff retention targets over the next 18 months.

    What was the contract?

    The release explains that CRA Health has signed a contract that covers the provision of breast cancer risk scores to a large Indiana-based organisation.

    The unnamed company has sites across more than 20 states and runs a major Electronic Health Record system. Management notes that the latter makes the deployment and implementation very cost effective.

    The contract is worth over US$400,000 per year in Annual Recurring Revenue (ARR).

    Volpara’s CEO, Dr Ralph Highnam, commented: “We are very pleased to announce that CRA Health has signed up a major US health system with significant ARR associated with it. Whilst we would not normally announce individual deals, this is the Volpara Group’s highest value contract signed to date.”

    “Not only does it enable us to help many more women across the United States benefit from early cancer detection, but it also sets us up for future sales of additional products to this organization. Further, the contract is validation of the decision to purchase CRA Health and validation that the world is rapidly moving towards personalised breast care, which includes analysis of risk and genetics,” he concluded.

    Where to invest $1,000 right now

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    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 recommends VOLPARA FPO NZ. The Motley Fool Australia has recommended VOLPARA FPO NZ. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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  • Why the New World Resources (ASX:NWC) share price is soaring 8%

    asx share price soaring represented by golden metal hawk flying high

    New World Resources Ltd (ASX: NWC) shares are flying this morning after the company announced it has found a ‘massive’ copper-zinc deposit. As of writing, the New World share price has leapt 8.3% to 6.3 cents.

    In earlier trade, the company’s shares rallied as high as 6.8 cents to hit a new, 52-week high before partially retreating. In comparison, the S&P/ASX All Ordinaries Index is up 0.99%.

    Let’s take a closer look at what the mining company announced.

    What did New World announce?

    The New World Resources share price is on the rise after the miner declared it has found “new deep massive sulphide intercepts” at its Antler Copper Project in Arizona.

    The company claims it has been continuously drilling the site for the last 6 to 8 months. In that time, in deeper extraction points, it has discovered at least a 23.3 metre thick ore containing 6.7% copper equivalent and a 23.1 metre thick ore containing 4.5% copper equivalent.

    In its announcement, New World claims it “intersected more than 17 metres of very well mineralised material…”

    At its secondary drill site in Antler, the company also stated its belief that mineralisation quality is improving at deeper levels.

    New World managing director Mike Haynes said of the result:

    This is another significant achievement in our exploration of the Antler Copper Deposit. In the past week, we have completed the deepest holes we have drilled so far… These holes have both intersected more than 17m of very good-looking mineralisation.

    He added:

    This bodes well for the potential to expand the resource base at Antler. And the thick, high-grade, nature of the mineralisation intersected should continue to positively impact the economics of our plans to resume mining operations in the near term.

    Copper’s commodity price is soaring

    The website Trading Economics lists the price of copper in the commodities market at US$4.15 per pound. It’s up by 2.5% today, by nearly 9% in the past month and by 17.8% over the course of the year.

    Copper, along with lithium and rhodium, is becoming more valuable as consumers and industries increase their focus on moving towards a greener, climate-friendly future. Many expect the price of copper to continue to increase as demand recovers from the COVID-19 pandemic, and supply constricts due to labour unrest in Chile.

    New World share price snapshot

    This time last year, the New World share price was sitting at 0.9 cents. At today’s market price, the company has increased its value by a whopping 622%. New World shares hit a 52-week high of 6.6 cents at the beginning of this year before breaching this record in intraday trading today.

    New World Resources has a market capitalisation of around $80 million.

    Where to invest $1,000 right now

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    Motley Fool contributor Marc Sidarous 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 200 up 0.95%: Afterpay rises, Westpac’s APRA update, Qantas upgraded

    asx 200

    At lunch on Friday the S&P/ASX 200 Index (ASX: XJO) is on course to finish the week on a high. The benchmark index is currently up 0.95% to 6,777.5 points.

    Here’s what has been happening today:

    Tech shares back on form

    ASX tech shares such as Afterpay Ltd (ASX: APT) and Xero Limited (ASX: XRO) are pushing higher on Friday following a strong night of trade on the tech-heavy Nasdaq index. It rose 2.5% overnight thanks to solid gains from a number of tech giants such as Amazon and Facebook. This positive form has transferred to the ASX tech sector, leading to the S&P/ASX All Technology Index (ASX: XTX) rising 2.2%.

    Westpac APRA update

    The Westpac Banking Corp (ASX: WBC) share price is edging lower despite announcing that APRA has closed its investigation into matters related to the AUSTRAC proceedings. The regulator revealed that after carefully considering the results of ASIC’s investigation, it has decided to close its investigation. However, the $1 billion operational risk capital add-on will remain in place until Westpac completes its remediation under a court enforceable undertaking to APRA’s satisfaction.

    Qantas shares underperform

    The Qantas Airways Limited (ASX: QAN) share price is trading flat today despite being the subject of a couple of positive broker notes. This follows the Federal Government’s announcement of a $1.2 billion stimulus program to support the domestic travel market. Goldman Sachs responded by reiterating its buy rating and $6.38 price target, whereas Citi upgraded Qantas’ shares to a buy rating with a $6.14 price target.

    Best and worst ASX 200 performers

    The best performer on the ASX 200 on Friday has been the Service Stream Limited (ASX: SSM) share price with a 6% gain. This is despite there being no news out of the essential network services provider. Though, with its shares falling heavily this year, some investors may believe they have been oversold. The worst performer has been the Flight Centre Travel Group Ltd (ASX: FLT) share price with a 3% decline. This may be due to profit taking after a strong gain on Thursday.

    Where to invest $1,000 right now

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    Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

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    Motley Fool contributor James Mickleboro owns shares of Westpac Banking. The Motley Fool Australia owns shares of AFTERPAY T FPO and Xero. The Motley Fool Australia has recommended Flight Centre Travel Group Limited and Service Stream 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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  • Why the Southern Cross Media (ASX:SXL) share price is tumbling 14%

    asx share price resignation represented by man kicking miniature man through the air

    Southern Cross Media Group Ltd (ASX: SXL) shares are plummeting this morning after news broke that the company’s agreement with Nine Entertainment Co. Holdings Ltd (ASX: NEC) will not be continued. At the time of writing, the company’s shares have tumbled 13.57% to $1.91.

    Let’s take a closer look at what was announced.

    What happened?

    The Southern Cross share price is taking a dive today after the company (also known as Southern Cross Austereo) stated it has been advised Nine will not be extending its regional affiliation with the broadcasting company after it expires in June.

    This morning Nine confirmed it’s discontinuing its affiliation with Southern Cross Media and has instead signed an agreement with WIN Corporation. While losing its affiliation with Nine is a devastating blow for Southern Cross, it still has supply agreements with Seven West Media Ltd (ASX: SWM) and Network Ten.

    Southern Cross stated that its ongoing agreements currently contribute around 20% of its television revenue.

    The company will continue to broadcast Nine programming in the Spencer Gulf, where it also broadcasts Seven and Ten. Further, it broadcast’s Seven programming in Tasmania, Darwin and central regions in an agreement that expires in 2022.

    Broadcasting of Nine programming in regional Queensland, southern New South Wales and regional Victoria by Southern Cross Media will cease on 30 July 2021.

    About Southern Cross

    Southern Cross Media boasts a reach of 95% of the Australian population, a number that will likely soon fall following today’s news.

    The company owns 99 radio stations under the Triple M and Hit network brands.

    Southern Cross also provides Australian sales representation for SoundCloud and Sonos Radio, as well as operating LiSTNR, a free audio platform.

    Southern Cross Media share price snapshot

    Over the past 12 months, the Southern Cross Media share price has fallen by more than 60%. The company’s shares have, however, increased by around 27% over the last six months.

    Based on the current Southern Cross share price, the company has a market capitalisation of around $584 million with approximately 264 million shares outstanding.

    Where to invest $1,000 right now

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

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    Motley Fool contributor Brooke Cooper has no position in any of the shares 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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  • Small-cap ASX minerals explorer inks JV agreement with Rio Tinto (ASX:RIO)

    Joint Venture Lightbulb AMP share price Ares

    The Agrimin Ltd (ASX: AMN) share price hasn’t moved in early morning trade after the small-cap ASX minerals explorer reported an agreement with S&P/ASX 200 Index (ASX: XJO) mining giant Rio Tinto Ltd (ASX: RIO).

    Rio Tinto’s share price is up 1.5% at the time of writing.

    What agreement did Agrimin report with Rio Tinto?

    In this morning’s ASX release, Agrimin revealed that private company Tali had entered into a farm-in and joint venture agreement with Rio Tinto.

    Agrimin owns 40% of Tali, a mineral explorer operating in Western Australia.

    The agreement enables Rio Tinto to earn a joint venture interest in 5 of Tali’s tenements in the West Arunta and Madura regions. Agrimin reported these do not involve any tenements in its Mackay Potash Project.

    According to the release, the West Arunta Orogen remains “one of the most under-explored regions in Australia”.

    Tali has already conducted ground gravity and airborne magnetic surveys over several promising targets in the tenements (conducted in 2019 and 2020). Tali and Rio Tinto are expected to finalise the 2021 exploration plan over the next few weeks.

    Commenting on the agreement, Mark Savich, Agrimin’s CEO, said:

    It is pleasing to see a major mining company such as Rio Tinto commit to exploring on Kiwirrkurra lands within the West Arunta region through its farm-in agreement with Tali. We look forward to the commencement of their exploration as well as the prospect of new opportunities being created for the Kiwirrkurra community.

    The company is still awaiting native consent to the agreement. Failing native consent Rio Tinto could still terminate the agreement.

    Agrimin and Rio share price snapshot

    The Agrimin share price has gained strongly over the past 12 months, up 68%. During that time, the Rio Tinto share price gained 52%, while the ASX 200 is up 28%.

    Year-to-date Agrimin shares are up 27%, and the Rio Tinto share price is up 2%.

    Where to invest $1,000 right now

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

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    Motley Fool contributor Bernd Struben 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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  • Why Afterpay, Piedmont Lithium, ResApp, & Santos are charging higher

    asx shares higher

    In late morning trade the S&P/ASX 200 Index (ASX: XJO) has followed the lead of US markets and is trading notably higher. At the time of writing, the benchmark index is up 0.8% to 6,765.3 points.

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

    Afterpay Ltd (ASX: APT)

    The Afterpay share price is up 4% to $115.34. Investors have been buying Afterpay and other tech shares on Friday after a strong night of trade on the Nasdaq index. Thanks to solid gains by the likes of Amazon, Facebook, and Tesla, the tech-heavy index rose a sizeable 2.5%. This has led to the S&P/ASX All Technology Index (ASX: XTX) rising 2.4% this morning.

    Piedmont Lithium Ltd (ASX: PLL)

    The Piedmont Lithium share price has stormed 7% higher to 89 cents. This appears to have been driven by improving risk sentiment and rising lithium prices. This led to the Global X Lithium & Battery Tech ETF rising a sizeable 6% during overnight trade. A number of other ASX lithium shares are recording solid gains this morning.

    ResApp Health Ltd (ASX: RAP)

    The ResApp share price has jumped 14% to 6.6 cents. Investors have been snapping up this digital health company’s shares after it announced a deal with AstraZeneca. According to the release, ResApp has secured a one-year, non-exclusive agreement with AstraZeneca’s Japanese subsidiary to license its cough counting technology for use in a program to support asthma patients in Japan.

    Santos Ltd (ASX: STO)

    The Santos share price has climbed 2.5% to $7.35. The catalyst for this was a solid rise in oil prices overnight. According to CNBC, the Brent crude oil price rose 2.3% to US$69.46 a barrel and the WTI crude oil price rose 2.5% to US$66.02 a barrel. Crude oil prices climbed as vaccine rollouts bolstered the economic outlook and U.S. fuel stocks reduced.

    Where to invest $1,000 right now

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

    *Returns as of February 15th 2021

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    Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of AFTERPAY T FPO. 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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  • Here’s why the Piedmont Lithium (ASX:PLL) share price is jumping 11% today

    man jumps up a chart, indicating share price going up on the ASX bank dividend

    The Piedmont Lithium Ltd (ASX: PLL) share price is on course to end the week with a bang.

    In morning trade the lithium-focused mineral exploration company’s shares are up 11% to 92.5 cents.

    This latest gain means the Piedmont Lithium share price is up approximately 150% since the start of the year.

    Why is the Piedmont Lithium share price storming higher?

    Investors have been buying Piedmont Lithium shares on Friday after investor risk appetite improved.

    According to CNBC, this has been driven by three key market drivers that are pointing to further gains ahead.

    UBS Global Wealth’s chief investment officer, Mark Haefele, explained: “While we expect conditions to remain volatile, the most recent developments on three of the main market drivers—stimulus, pandemic news, and inflation data— point to further equity upside.”

    “The stimulus is substantially larger than had been expected earlier in the year. Its provisions are also likely to be highly supportive for consumption and growth. This windfall comes on top of existing signs of pent-up demand from US consumers.”

    This bullish sentiment ultimately led to the Global X Lithium & Battery Tech ETF rising 6% during overnight trade.

    What else is supporting Piedmont Lithium’s shares?

    In addition to this, rising lithium prices have been giving the Piedmont Lithium share price a lift.

    Late last week, for example, China’s domestic battery-grade lithium hydroxide price surged to a 19-month high. According to Metal Bulletin, this was driven by tight spot supply and higher offering prices from most producers. Lithium carbonate prices are also rising strongly.

    Metal Bulletin notes that these conditions have supported bullish market sentiment across the other global regions.

    How are other lithium producer’s performing?

    It isn’t just Piedmont Lithium share price charging higher today. Several other lithium miners are recording strong gains today.

    This includes a 5% gain by the Orocobre Limited (ASX: ORE) share price, a 6% rise by the Lake Resources N.L (ASX: LKE) share price, and a 7% jump by the Vulcan Energy Resources Ltd (ASX: VUL) share price.

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    Motley Fool contributor James Mickleboro 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.

    The post Here’s why the Piedmont Lithium (ASX:PLL) share price is jumping 11% today appeared first on The Motley Fool Australia.

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