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There are a wide range of cheap shares available to buy even after many companies have experienced a rally following the stock market crash.

Certainly, there are risks ahead that may account for lower valuations. However, over the long run, the performance of today’s undervalued shares could be relatively strong.

As such, they may offer a superior risk/reward outlook than popular assets such as gold and Bitcoin.

Buying cheap shares after the stock market crash

The idea of buying cheap shares may currently be viewed as less attractive by some investors because of the 2020 stock market crash. Certainly, a recovery has taken place over recent months. However, the potential for stock markets to fall quickly is likely to remain at the forefront of many investors’ minds over the coming months.

This may be a reason why some companies have low valuations at the present time. Weak investor sentiment, coupled with uncertain near-term operating conditions, means that many sectors contain cheap stocks. In some cases, their low valuations are deserved. But, in others, they have solid financial positions and the potential to expand their competitive advantages over the long term. This may mean that as well as being cheap shares, they have valuations that do not take into account their future prospects.

Long-term recovery potential

Today’s cheap shares could offer sound recovery prospects. The track record of the stock market shows that it has always experienced cycles. At times, this has meant sharp declines in a short space of time, such as that experienced in the 2020 stock market crash.

However, its overall trajectory has been an upward one in recent decades. Therefore, it seems likely that stock prices will move higher over the long run. Investors who use a buy-and-hold strategy on a diverse portfolio of stocks should benefit from an upward trend over the coming years.

Of course, cheap shares may offer greater scope for capital growth than the rest of the stock market. They may stand to benefit most from factors such as an improving economic outlook and stronger investor sentiment. Therefore, their prospects may be relatively positive as a recovery from the stock market crash likely continues.

Avoiding gold and Bitcoin

Cheap shares may offer higher returns than gold or Bitcoin. Both assets have risen in price during the course of 2020, while many stocks have failed to do likewise. In gold’s case, its price may now factor in an uncertain economic environment and low interest rates. As a result, there may be limited scope for further growth.

Bitcoin’s value is very difficult to quantify because it lacks fundamentals. Therefore, its current price may lack a margin of safety. Over time, this could lead to relatively disappointing performance versus a portfolio oof today’s undervalued stocks.

More reading

• Vulcan (ASX:VUL) share price rises 20% and breaks new record. Here’s why.
• Why CSL, Lovisa, Lynas, & Syrah shares are dropping lower
• THC Global (ASX:THC) share price is lifting today. Here’s why.
• Up over 800% this year, the Element 25 (ASX:E25) share price slips on progress report
• Why the Eagers Automotive (ASX:APE) share price broke its all-time record today

Motley Fool contributor Peter Stephens has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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In afternoon trade the S&P/ASX 200 Index (ASX: XJO) looks set to end the week with a decline. At the time of writing, the benchmark index is down 0.3% to 6,663.3 points.

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

CSL Limited (ASX: CSL)

The CSL share price is down 3% to $292.02. Investors have been selling the biotech giant’s shares after it announced the surprise termination of its COVID-19 vaccine trial. Although the phase 1 trial showed that the vaccine caused a robust response towards the virus, it was also causing a false positive on a range of HIV assays. This was due to its molecular clamp, which interferes with certain HIV diagnostic assays. Unfortunately, this means it would have required significant changes to well-established HIV testing procedures to accommodate the rollout of the vaccine.

Lovisa Holdings Ltd (ASX: LOV)

The Lovisa share price has fallen 6.5% to $10.75 despite there being no news out of the fashion jewellery company. However, prior to today, the Lovisa share price was up 67% over the last six months. This may have led to some investors taking a bit of profit off the table today.

Lynas Rare Earths Ltd (ASX: LYC)

The Lynas share price has dropped almost 3% to $3.90. This appears to have been driven by a broker note out of UBS this morning. According to the note, the broker has downgraded the rare earths producer’s shares to a neutral rating with a $4.30 price target. UBS made the move largely on valuation grounds after a very strong gain over the last few months. It believes its shares are fully valued now.

Syrah Resources Ltd (ASX: SYR)

The Syrah share price has sunk 9.5% lower to 92 cents after returning from a trading halt. The graphite producer’s shares have come under pressure after completing a fully underwritten placement. Syrah has raised approximately $56 million (US$42 million) through a placement to professional and sophisticated investors at a 11.5% discount of 90 cents. These funds will be used partly to progress its natural graphite Active Anode Material (AAM) facility in the United States towards a final investment decision for the construction of a 10ktpa AAM plant.

More reading

• ASX 200 down 0.3%: CSL sinks, Zip’s Facebook deal, IGO rockets
• Why the Syrah (ASX:SYR) share price is sinking 10% lower today
• Why the IGO (ASX:IGO) share price shot up 18% in early trade today
• CSL (ASX:CSL) share price on watch after terminating COVID-19 vaccine trial
• The two ASX stocks most impacted by the dangerous rise of the Aussie dollar

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 CSL 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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The THC Global Group Ltd (ASX: THC) share price is climbing today, on news the company is fine tuning its strategy to meet potential demand in the medicinal cannabis industry.

In early trade today, the THC Global share price surged up to 29.5 cents, before retreating its current price of 28 cents, up 1.8%.

What’s in today’s strategy update

THC Global advised that management had visited its Southport facility in southeast Queensland to review the facility’s capabilities to ramp up manufacturing. The company’s Southport facility is one of the largest pharmaceutical cannabis manufacturing facilities in the world.

THC Global also says that it has made progress in obtaining the license to allow Southport to warehouse, store and distribute S4 and S8 medicines not manufactured by the company. In Australia, S4 drugs relate to “restricted substances”, whereas S8 refers to “drugs of addiction”.

In addition, the company also applying to the Therapeutic Goods Administration (TGA) for approval of additional finished dosage forms to be produced at the Southport facility. The company currently has approval for oils, and is expected to add inhalation vapes, capsules, suppositories and ovules, and creams to its TGA licence.

Strategic shift to healthcare and pharmaceutical markets

Earlier this year, THC Global revealed several major strategic shifts in order to carve a bigger slice of the healthcare and pharmaceutical markets.

This includes a rebranding of the name THC to Epsilon Healthcare. Shareholders will be required to approve the change at an extraordinary general meeting later this month.

The company also said it was transitioning to toll manufacturing, which involves contract manufacturing of high value pharmaceuticals for third parties.

It recently announced the launch of the Medimar platform, which was designed as an end-to-end e-commerce vehicle for medicinal cannabis in Australia, using the Southport facility as a distribution hub.

Recent landmark rulings on cannabis

The medicinal cannabis industry has recently been boosted by landmark rulings in the United States, as well as at the United Nations (UN).

Last week, the US House of Representatives passed a bill to decriminalise cannabis, clearing the way to erase non-violent federal marijuana convictions. That vote followed an earlier ruling at the UN, which said that cannabis would now be reclassified as a Schedule I substance – the least restrictive drug classification.

About the THC Global share price

The THC Global share price has lost 29% in 2020, and its current share price is still a long way off from the 52-week high of 46 cents achieved in June this year.

The company commands a market cap of $49 million.

More reading

• Up over 800% this year, the Element 25 (ASX:E25) share price slips on progress report
• Why the Eagers Automotive (ASX:APE) share price broke its all-time record today
• 2 popular international ETFs for ASX investors to buy
• Australia’s interest rates just went negative. Here’s what that means
• ASX 200 down 0.3%: CSL sinks, Zip’s Facebook deal, IGO rockets

Motley Fool contributor Eddy Sunarto 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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Element 25 Ltd (ASX: E25) shares leapt 2% higher on opening before giving back those gains in late morning trade. At the time of writing the Element 25 share price is down 1.5% to $1.58.

This comes following a progress report on its Butcherbird Manganese Project in Western Australia, released to the ASX this morning.

Element 25 shareholders have enjoyed a truly monumental year. Despite the shares tumbling 44% from 19 February through to 23 March during the wider COVID-19 market rout, the Element 25 share price is up a stellar 829% in 2020.

By comparison the All Ordinaries Index (ASX: XAO) is up just over 1%.

What did Element 25 report?

In this morning’s progress update, Element 25 reported it had obtained environmental approvals for its 100% owned Butcherbird Project.

Western Australia’s state government departments have given the green light to the company’s Approval and Mining Proposal, and the State Mining Engineer has also provided its permission. These were the last hurdles Element 25 needed to clear before commencing construction at Butcherbird.

The company reported it plans to commence immediately, in line with its plans for first production in the first quarter of FY2021.

According to Element 25, Butcherbird is Australia’s largest onshore manganese deposit, with some 260 million tonnes of manganese ore in an area with high end local infrastructure.

The company recently finished a pre-feasibility study on developing the deposit in order to produce manganese concentrate for export to generate early cash flow with “a modest capital requirement”.

Commenting on the regulatory approvals, Element 25 managing director Justin Brown said:

This is the culmination of an extensive environmental assessment and community consultation process and it allows E25 to continue to rapidly progress its mine development and construction plans. The company has had an accelerated development timeline in place form the start and the fact that it continues to deliver the project on time and on budget is a testament to the dedication of the E25 team.

What does the company do?

Element 25 is engaged in the acquisition and exploration of metal properties in Australia. Its projects include Holleton, Butcherbird Manganese, Butcherbird Copper, Green Dam, Mount Padbury, and Pinnacles Cobalt/Nickel.

Element 25 shares first began trading on the ASX in November 2006. Based on the current Element 25 share price, the company has a market capitalisation of around $220 million.

More reading

• Element 25 (ASX:E25) tumbles on latest PFS update

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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The Eagers Automotive Ltd (ASX: APE) share price has broken a new record today. This comes after the company announced a positive trading update and guidance. At the time of writing, the automotive retailer’s share price is up 5.9% to $13.89. At one point during morning trade, Eagers shares reached as high as $14.15 creating a new all-time high for the company.

What’s moving the Eagers Automotive share price?

Investors are pushing the Eagers Automotive share price higher after digesting the latest news from the company.

In today’s release, Eagers Automotive provided a market update and guidance for the 12 months ending 31 December 31 2020.

While COVID-19 begins to subside in Australia, the company advised it is seeing vehicle sales rebound strongly. This comes after Eagers Automotive experienced weak demand during the months of April and May when country-wide restrictions were in place.

The company said that customer orders continue to show an upward trajectory post COVID-19. In addition, the supply of overseas vehicles has started to return back to the Australian market. This was validated by a 12% increase in national vehicle deliveries during November recorded by VFACTS (based on statistics from the Federal Chamber of Automotive Industry).

Previously in the June quarter, global factory closures caused a halt in the delivery of vehicles.

Market guidance

In light of the above, Eagers Automotive expects to deliver an improved full-year result. Underlying operating profit before tax from its continuing operations are estimated to be in the range of $195 million to $205 million. This compares to the $100.4 million achieved in the prior corresponding period.

The strong outlook comes off the back of the company’s first full-year of trading since merging with Automotive Holdings Group (AHG). Furthermore, Eagers Automotive’s decision to reduce costs across the business during COVID-19 also helped deliver the robust result.

Eagers Automotive share price summary

The Eagers Automotive share price has been charging higher since the pandemic took the world by storm in March. Since this time, Eagers shares have more than quadrupled in value for the patient investors who held on to them.

The Eagers Automotive share price broke an all-time high record when it reached $14.15 today. The milestone achievement outpaces the S&P/ASX 200 Index (ASX: XJO) which is still 7% off reaching that feat.

More reading

• ASX 200 down 0.3%: CSL sinks, Zip’s Facebook deal, IGO rockets
• Why Eagers Automotive, IGO, Marley Spoon, & Zip shares are charging higher
• Aussie dollar breaking to new 30-month high will boost these ASX stocks
• Why the IGO (ASX:IGO) share price shot up 18% in early trade today
• Australian ETFs just smashed multiple records

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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As my colleague covered here, exchange-traded funds (ETFs) continue to grow in popularity with Australian investors.

So much so, the Australian ETF industry was worth a record $78.7 billion at the end of the November.

Where are investors putting their money? Two popular ETFs are listed below. Here’s what you need to know about them:

BetaShares Asia Technology Tigers ETF (ASX: ASIA)

The BetaShares Asia Technology Tigers ETF gives investors access to a total of 50 of the largest technology and ecommerce companies operating in the Asian market. This means investors will be buying a slice of tech giants such as Alibaba, Baidu, JD.com, and Tencent Holdings.

In respect to Alibaba, it is the Amazon of China and at the end of September had 757 million annual active customers. Across its Alibaba, Taobao, and Tmall brands, the company is estimated to control a sizeable 56% of China’s e-commerce market. It also has a presence offline with a growing network of grocery stores, hypermarkets, and department stores.

But like Amazon, it is so much more than just a retailer. It accounts for 40.1% of China’s cloud infrastructure market and has an exceptionally strong financial business.

BetaShares NASDAQ 100 ETF (ASX: NDQ)

The BetaShares NASDAQ 100 ETF is another exchange traded fund that is popular with investors. This ETF aims to track the performance of the NASDAQ 100, which comprises 100 of the largest non-financial companies listed on Wall Street’s famous exchange.

Among the 100 companies you will find some of the biggest and most recognisable companies in the world. This includes Apple, Facebook, Netflix, Nvidia, and Starbucks.

BetaShares believes the fund is a good option for Australian investors due to its strong focus on the technology sector. It points out that this is a high-growth potential sector that is under-represented on the Australian share market.

More reading

• Zip and Creso Pharma were among the most traded shares on the ASX last week
• 3 great ASX tech shares to buy
• 2 ETFs for ASX tech investors to buy today
• 4 great ASX growth shares to buy
• 2 ETFs that are very popular with ASX investors

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 BETANASDAQ ETF UNITS. The Motley Fool Australia owns shares of and has recommended BetaShares Asia Technology Tigers ETF. The Motley Fool Australia has recommended BETANASDAQ ETF UNITS. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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At first glance (indeed, at multiple glances), the concept of a ‘negative interest rate’ seems absurd. Who would want to issue a loan that costs the creditor money? It’s like going to the bank for a home loan, and the bank offering to pay you interest for the privilege of taking its money.

Before you get to carried away with the notion that a bank is about to pay you to build a property empire, it isn’t quite that simple. But the principle is the same here.

Negative interest rates actually aren’t an entirely new phenomenon, although it has accelerated in 2020 due to the coronavirus-induced global recession. We saw negative rates introduced across many countries over the past 10 years, including in Japan, Germany, Switzerland and Denmark. Now, these don’t usually result in banks offering negative interest rates on mortgages. But they do involve the governments of these countries issuing government bonds with a negative interest rate attached.

And now, Australia has reportedly joined this club.

Negative rates for days

According to reporting in the Australian Financial Review (AFR), our Federal Government has just been paid to borrow money for the first time ever. The AFR does note that the government has issued inflation-linked bonds before that came with a negative interest rate. But this week marked the first time that ‘normal’ Australian government bonds have followed suit.

According to the report, the government recently offered a $1.5 billion traunch of 3-month bonds (expiring 26 March). This offer was apparently oversubscribed. One large investor who purchased “at least” $1 million worth did so at a negative interest rate of -0.01%.

What does this mean for the future?

According to a separate report from The Sydney Morning Herald (SMH) last year, ‘unconventional policies’ like negative interest rates are “designed to coerce the banks to behave differently [by] lending and generating economic activity rather than being penalised and losing money by leaving the funds with the central bank”.

It may seem ridiculous to ordinary investors like us for any creditor to accept a negative interest rate. However, the SMH points out that many institutions around the world, such as banks, insurers and some pension funds, have no choice. This is because “their prudential regimes require them to hold a significant proportion of risk-free and low-risk assets”.

This could actually be somewhat beneficial to ASX investors though. The SMH report states that:

There are winners from ultra-low or negative rates. The search for returns in a low-rate environment forces investors into higher-risk assets, such as shares or property… Those without the means, or who were risk-averse, have been punished by the low-rate, low-growth environment since 2008.

More reading

• ASX 200 down 0.3%: CSL sinks, Zip’s Facebook deal, IGO rockets
• Why Eagers Automotive, IGO, Marley Spoon, & Zip shares are charging higher
• Cardinal Resources (ASX:CDV) share price rises on 3-way takeover deadlock
• Why the Asaleo (ASX:AHY) share price is up 26% in two days
• Why the oOh!Media (ASX:OML) share price is gaining today

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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At lunch on Friday the S&P/ASX 200 Index (ASX: XJO) is on course to end the week on a disappointing note. The benchmark index is currently down 0.3% to 6,661.5 points.

Here’s what has been happening on the market today:

CSL terminates COVID-19 vaccine trial.

The CSL Limited (ASX: CSL) share price has come under pressure after announcing the termination of its COVID-19 vaccine trial. While the vaccine has shown that it elicits a robust response towards the virus and has a strong safety profile, it was also causing a false positive on a range of HIV assays. This was due to the molecular clamp component of the vaccine, which interferes with certain HIV diagnostic assays. This means significant changes would need to have been made to well-established HIV testing procedures to accommodate the rollout of this vaccine.

Zip signs deal with Facebook.

The Zip Co Ltd (ASX: Z1P) share price is edging higher on Friday after announcing a deal with social media giant Facebook. The deal will see the buy now pay later company allow Australian small to medium-sized businesses pay for their advertising on Facebook through its Zip Business platform. It notes that this will allow businesses to reach the millions of Australians now shopping online, drive sales, and invest in growth, without impacting their cash-flow.

Westpac annual general meeting.

The Westpac Banking Corp (ASX: WBC) share price is trading lower on the day of its annual general meeting. At the meeting, management discussed its performance in FY 2020 and its plans for the future. In respect to the latter, Westpac’s CEO, Peter King, commented: “We are working hard to resolve our issues and simplify the business. We are underway but have much more to do. As CEO, my role is to build sustainable long-term value for shareholders, and I am personally committed to see this through.”

Best and worst ASX 200 performers.

The best performer on the ASX 200 on Friday by some distance has been the IGO Ltd (ASX: IGO) share price with a 24% gain. Investors have been buying the nickel producer’s shares after it completed its institutional placement and entitlement offer. These funds will be used to acquire a 49% stake in Tianqi Lithium Energy Australia. The worst performer has been the Breville Group Ltd (ASX: BRG) share price with a 3.5% decline on no news.

More reading

• Why Eagers Automotive, IGO, Marley Spoon, & Zip shares are charging higher
• Westpac (ASX:WBC) share price lower on AGM update
• Aussie dollar breaking to new 30-month high will boost these ASX stocks
• Zip (ASX:Z1P) share price pushes higher on Facebook deal
• Why the IGO (ASX:IGO) share price shot up 18% in early trade today

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 CSL Ltd. and ZIPCOLTD FPO. 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 late morning trade the S&P/ASX 200 Index (ASX: XJO) is on course to end the week with a decline. The benchmark index is currently down 0.4% to 6,656.3 points.

Four shares that have not let that hold them back are listed below. Here’s why they are charging higher:

Eagers Automotive Ltd (ASX: APE)

The Eagers Automotive share price has jumped 7% to $14.10 following the release of a market update. According to the release, the auto retailer is expecting to deliver underlying operating profit before tax of $195 million to $205 million for FY 2020. The high end of its guidance range is more than double FY 2019’s $100.4 million. This result includes the first full year of trading following the transformative merger with Automotive Holdings Group.

IGO Ltd (ASX: IGO)

The IGO share price has rocketed 24% higher to $6.31. Investors have been buying the nickel producer’s shares after it completed its institutional placement and entitlement offer. The company raised a total of $707 million at a 9.7% discount of $4.60. These funds will be used to acquire a 49% stake in Tianqi Lithium Energy Australia from China-listed Tianqi Lithium Corporation.

Marley Spoon AG (ASX: MMM)  

The Marley Spoon share price is up 4.5% to $2.59. The catalyst for this gain was an announcement by the subscription-based meal kit provider this morning. That announcement reveals that Marley Spoon is investing in a number of areas to support its growth. This includes a new Sydney manufacturing centre, research and development activities, and increased production capability in the United States.

Zip Co Ltd (ASX: Z1P)

The Zip share price is up almost 2% to $5.25 after announcing a deal with social media giant Facebook. According to the release, the buy now pay later provider will allow Australian small businesses to pay for their advertising on Facebook through its Zip Business platform. Management believes the partnership is the next exciting step in the development of Zip Business. This follows a recent agreement with eBay Australia.

More reading

• The Marley Spoon (ASX:MMM) share price is rising today. Here’s why.
• Zip (ASX:Z1P) share price pushes higher on Facebook deal
• Why the IGO (ASX:IGO) share price shot up 18% in early trade today
• Could this be why the Zip (ASX:Z1P) share price is underperforming?
• Broker upgrades the IGO (ASX:IGO) share price on game changing acquisition

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 ZIPCOLTD FPO. 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 Cardinal Resources Ltd (ASX: CDV) share price has risen by nearly 1% after the mining company announced one of the suitors in the three-way battle to take it over has upped the stakes.

Cardinal announced that Russia’s Nord Gold has now increased its offer to $1.05 per share, up from 90 cents previously. In early morning trading, the Cardinal share price has increased to $1.08 after closing yesterday’s session at $1.07.

Three-way deadlock

Cardinal has been pursued as a takeover target by three different companies, all with the same offer price of $1.05.

In June, Cardinal received a takeover bid from Hong Kong-based Shandong Gold at an offer price of 60 cents per share, valuing the company at around $300 million. The Chinese company, which is the second-largest gold producer in China, then increased its offer price for Cardinal to $1.00 per share in September, later increasing it again to $1.05 in November.

That higher offer was meant to outbid another interested party, Nord Gold, a Russian gold miner which had previously increased its own offer from 60 cents to 90 cents a share. Nord Gold has now also increased that offer price to $1.05 today.

Cardinal was also approached by another suitor in November, in the form of a Ghana-based company, Engineers & Planners Company Limited. That offer also stood at $1.05 per share.

Takeovers Panel

The deadlock seems to have complicated things a little.

Cardinal had earlier taken the issue to the federal government’s Takeover Panels to ask for a truce when Shandong and Nord Gold were at a stalemate price of $1.00 per share.

The issue was around a clause in the offer that stated “best and final offer in the absence of a higher competing offer”.

Cardinal argued that this clause is used to kill off rival bidders who matched the previous offer.

The Panel ruled that the last and final statement was not a misuse of the truth in the takeovers policy. It further advised that companies are allowed to subsequently increase their bids in a deadlock situation.

About the Cardinal Resources share price

Cardinal is a West African gold‐focused exploration and mining company that holds interests in tenements within Ghana, West Africa. The company is focused on the development of the Namdini Gold Project, and released its feasibility study on 28 October 2019. The study concluded the project had an ore reserve of approximately 5.1 million ounces.

The Cardinal share price has risen by 225% this year. It began the year at 32 cents before rising to today’s level. The company currently commands a market capitalisation of $575 million. 

More reading

• Cardinal Resources (ASX:CDV) share price lifts after third takeover bid

Motley Fool contributor Eddy Sunarto 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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