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ASX 300 cannabis share Incannex Healthcare Ltd (ASX: IHL) is soaring today after the company announced some positive news.

The Incannex share price is currently 14 cents, up 11.54% for the day so far.

Let’s see what’s happening.

What news pushed this ASX 300 cannabis share higher?

Incannex is a pharmaceutical company developing proprietary medicinal cannabinoid products and psychedelic medicine therapies for conditions including generalised anxiety disorder.

Today, Incannex announced it is going to develop and manufacture its own cGMP-grade psilocybin drug for clinical trials.

In a statement, Incannex CEO Joel Latham said:

Having our own source of pharmaceutical grade psilocybin not only allows our company to freely undertake clinical trials, it also creates and assists with number of commercial opportunities which are currently at an advanced stage of investigation by the company, and will be announced in the coming weeks, following board appraisal and approval.

Incannex has engaged Catalent to develop the formulation.

The company said the manufacturing process would be designed so that it can be scaled up to commercial supply levels when appropriate.

‘Potential to help millions of people’

Incannex chief scientific officer Dr Mark Bleackley said:

The resulting drug product, and supporting data, will form an important component of future regulatory filings and will facilitate Incannex’s development of psilocybin-assisted psychotherapy for Generalised Anxiety Disorder.

This therapy has the potential to help millions of people whose lives are seriously impacted by severe anxiety and for whom current treatment options have not been effective.

Incannex share price snapshot

Cannabis shares are still a highly speculative segment of the share market.

This ASX 300 cannabis share is currently down 18% in the year to date, compared to a 5% bump for the S&P/ASX All Ordinaries Index (ASX: XAO).

Over the past 12 months, Incannex shares are down 78%. Over the past five years, they are up 635%.

The post Why did this ASX 300 cannabis share just rocket 12%? appeared first on The Motley Fool Australia.

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• 2 ASX All Ords shares going gangbusters on Monday

Motley Fool contributor Bronwyn Allen 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 Scott Phillips.

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The S&P/ASX 200 Index (ASX: XJO) looks like it’s on track to end the week on a high note. After what has been a rather shaky week of trading, the ASX 200 has powered ahead today, recording a healthy gain of 0.49% at the time of writing. That puts the Index at just over 7,290 points.

What a way to start the weekend. But time now to dive a little deeper into these market moves by taking stock of the shares that are currently topping the ASX 200’s share trading volume charts right now, according to investing.com. 

The 3 most traded ASX 200 shares by volume this Friday

Telstra Group Ltd (ASX: TLS)

First up this Friday is the ASX 200 telco blue chip Telstra. So far today, a hefty 13.47 million Telstra shares have gone through the exchange. There’s been no fresh news out of Telstra that might explain this volume. Saying that, the Telstra share price has been enjoying a lot of love this Friday.

At present, the telco is up a pleasing 1.36% to $4.10 a share after going as low as $4.03 this morning. It seems this gain is responsible for Telstra’s presence here today.

Liontown Resources Ltd (ASX: LTR)

Next, we have ASX 200 lithium share Liontown to consider. Liontown has seen a sizeable 17.21 million of its shares dug up and sold so far this session. There’s been no new news or developments out of Liontown itself either.

But that hasn’t stopped this lithium stock’s share price from rocketing by more than 10.4% today to $1.59 a share at this moment. This could have something to do with some recent love from an ASX broker, but this gain is almost certainly why we are seeing so many shares flying around here.

Pilbara Minerals Ltd (ASX: PLS)

Our third, final and most traded ASX 200 share today is another lithium producer in Pilbara Minerals. This Friday has had a whopping 22.71 million Pilbara shares bought and sold on the markets thus far. There hasn’t been any major news from Pilbara today. But even so, this leading lithium miner has enjoyed a notable 1.96% lift so far this session to $4.16 a share.

That’s despite some significant volatility that we’ve seen today, which has seen this company fluctuate between $4.05 and $4.20 a share all day. All of this bouncing around, as well as the big gain we’re currently seeing, is the most likely explanation as to why it’s Pilbara topping the ASX 200’s volume charts right now.

The post Here are the 3 most heavily traded ASX 200 shares on Friday appeared first on The Motley Fool Australia.

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More reading

• What’s happening with ASX 200 lithium stocks this week?
• Why Block, Liontown, MMA, and Norwest Energy shares are charging higher today
• 5 high-profile ASX 200 shares that will trade ex-dividend on Monday
• ASX investors: How to earn $533 each month in passive income
• Buy these ASX 200 mining shares before they boom: experts

Motley Fool contributor Sebastian Bowen has positions in Telstra Group. 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 positions in and has recommended Telstra Group. 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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S&P/ASX 200 Index (ASX: XJO) lithium stocks put in a mixed performance this week.

Here’s how Australia’s top five lithium shares have performed since the closing bell rang last Friday:

• Pilbara Minerals Ltd (ASX: PLS) shares are down 9.7%
• Core Lithium Ltd (ASX: CXO) shares are down 1.0%
• Allkem Ltd (ASX: AKE) shares are up 2.6%
• IGO Ltd (ASX: IGO) shares are up 3.2%
• Mineral Resources Ltd (ASX: MIN) shares are up 6.8%

So, what’s been impacting ASX 200 lithium stocks this week?

ASX 200 lithium stocks eye China production curbs

Some surprising news came out of China this week, with lithium ore-processing operations in Yichun, Jiangxi province ordered to halt operations.

This came as Chinese officials launched an investigation into the lithium miners in the province over potential environmental violations. With Yichun producing roughly 10% of the annual global lithium supply, investors in ASX 200 lithium stocks were keeping an eye on the developments.

It remains unclear how long the operations will remain offline.

This week also saw Goldman Sachs come out with a new, decidedly bearish forecast for lithium prices. The broker cited the risk of “higher than expected lithium supply” in China, coupled with ASX 200 lithium stocks “recently outperforming production expectations [and] increasing near term production guidance”.

What helped lift the Mineral Resources and Allkem share prices?

Both Allkem and Mineral Resources are in the green over the week, potentially bolstered by some positive broker coverage.

Analysts at Bell Potter released bullish coverage on Mineral Resources, with a buy rating on the stock and a $110 price target. That’s 21% above the Mineral Resources current share price.

Bell Potter noted that the ASX 200 lithium stock reported a higher profit for the six months ending 31 December than it generated in the entire 12-month period preceding that. And its analysts expect more strong growth ahead.

Meanwhile, Allkem was tipped as a buy this week by Goldman Sachs, despite the broker’s rather dire outlook for lithium prices.

Goldman has a $15.40 12-month price target on Allkem shares, 26% above the current share price. “Allkem has one of the best production outlooks in our lithium coverage,” the broker noted.

Why did the Pilbara Minerals share price underperform this week?

While not accounting for all of this week’s underperformance, much of Pilbara Minerals’ sell-off this week was due to its shares trading ex-dividend yesterday.

A week ago Friday, Pilbara Minerals reported on its half-year results.

On the back of a stellar 989% year on year increase in statutory net profit after tax (NPAT), the ASX 200 lithium stock rewarded investors with its first-ever dividend of 11 cents per share, fully franked.

It’s pretty standard for stocks to lose as much, or slightly more, than their dividend payouts on the day they trade without those rights. And Pilbara Minerals proved no exception.

The post What’s happening with ASX 200 lithium stocks this week? appeared first on The Motley Fool Australia.

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More reading

• Buy Minerals Resources shares for 21% upside: broker
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• Top ASX dividend shares to buy in March 2023
• Here are the top 10 ASX 200 shares today
• Here are the 3 most heavily traded ASX 200 shares on Thursday

Motley Fool contributor Bernd Struben 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 Scott Phillips.

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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to end the week on a positive note. At the time of writing, the benchmark index is up 0.4% to 7,285.7 points.

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

Block Inc (ASX: SQ2)

The Block share price is up 3% to $114.37. This follows a solid session for the payments company’s shares on the NYSE overnight. The company’s US listed shares rose after investors piled back into tech stocks, driving the NASDAQ index 0.75% higher.

Liontown Resources Ltd (ASX: LTR)

The Liontown share price is up 10% to $1.59. This is despite there being no news out of the lithium developer today. However, as we covered here earlier, the team at Bell Potter sees a lot of value in its shares at the current level. So much so, prior to today, it was predicting 100% upside for its shares over the next 12 months.

MMA Offshore Ltd (ASX: MRM)

The MMA share price is up 8% to $1.22. This morning, this marine and subsea services company revealed that it has been awarded three contracts supporting offshore windfarm developments in Taiwan during 2023. The three contracts will increase the company’s contracted revenue by a total of approximately $30 million and provide for additional potential revenue of approximately $15 million.

Norwest Energy NL (ASX: NWE)

The Norwest Energy share price is up 8% to 6.9 cents. Investors have been buying the energy explorer’s shares after Mineral Resources Ltd (ASX: MIN) made an improved and final takeover offer. It has offered one fully paid ordinary MinRes share for every 1,300 Norwest shares held. This equates to 7 cents per share based on the current Mineral Resources share price.

The post Why Block, Liontown, MMA, and Norwest Energy shares are charging higher today appeared first on The Motley Fool Australia.

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• Buy Liontown shares for 100% upside: broker
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• Roar! Broker initiates coverage on Liontown shares with buy rating
• Here are the 10 most shorted ASX shares this week

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Block. The Motley Fool Australia has positions in and has recommended Block. 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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The S&P/ASX 200 Index (ASX: XJO) is on course to end the week with a decent gain. In afternoon trade, the benchmark index is up 0.4% to 7,285 points.

Four ASX shares that have failed to climb with the market today are listed below. Here’s why they are dropping:

Ampol Ltd (ASX: ALD)

The Ampol share price is down over 5% to $31.22. The catalyst for this has been the fuel retailer’s shares going ex-dividend this morning for its fully franked $1.55 per share final dividend for FY 2022. Eligible shareholders can now look forward to receiving this dividend at the end of the month on 30 March.

Arafura Rare Earths Ltd (ASX: ARU)

The Arafura share price is down 9% to 55.5 cents. This appears to have been driven by comments out of Tesla at its investor day. The electric vehicle giant revealed that it plans to drop the use of rare earths in its future electric vehicle models due to health and environmental risks that come with mining the critical minerals.

GQG Partners Inc (ASX: GQG)

The GQG share price is down 3% to $1.44. This may have been caused by reports that GQG is investing heavily in the Adani empire. According to the AFR, the company has poured $2.8 billion in four Adani companies. It believes an activist short seller attack has created significant value for investors.

Retail Food Group Ltd (ASX: RFG)

The Retail Food share price is down 7% to 7.9 cents. This morning, this embattled quick service restaurant operator announced firm commitments to raise $24.9 million via a share placement to sophisticated and institutional investors. These funds will be raised at 8 cents per share, with the proceeds used to reset its balance sheet and support growth opportunities.

The post Why Ampol, Arafura, GQG, and Retail Food shares are dropping today appeared first on The Motley Fool Australia.

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More reading

• Arafura share price plummets. Broker tips 28% upside
• 3 ASX 200 shares trading ex-dividend on Friday
• 5 things to watch on the ASX 200 on Friday
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• 7 ASX 200 shares with ex-dividend dates next week

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has 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 Scott Phillips.

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The BetaShares NASDAQ 100 ETF (ASX: NDQ) is one of the most popular exchange-traded funds (ETFs) on the ASX, with net assets of $2.6 billion. It has managed to achieve good capital growth, though investors may be wondering about the potential of dividend income.

Over the last five years, the Betashares Nasdaq 100 ETF has risen by 78%. That’s comfortably more than the S&P/ASX 200 Index (ASX: XJO), which has only risen by 22% over the same time period. But, that includes the COVID period.

One of the most important things to remember with an ETF is that the performance is dictated by the underlying holdings. If the underlying holdings, as a whole, go up in price then the ETF price should go up too (after accounting for fees).

ETFs are also meant to pass on the investment income of dividends received from the business holdings to investors as well.

This ETF owns 100 of the biggest businesses listed on the NASDAQ, such as Apple, Microsoft, Amazon.com, Alphabet and Tesla. The bigger the position in the portfolio, the more the company’s dividend yield influences the whole ETF’s yield.

But, some of the names, like Amazon.com, Alphabet and Tesla don’t even pay a dividend to investors.

Dividend yield estimate

BetaShares says that the 12-month distribution from the BetaShares NASDAQ 100 ETF is 3.3%. That’s the yield calculated by “summing the prior 12-month per unit distributions divided by the closing net asset value (NAV) per unit.”

However, I think it’s important to remember that ETFs also distribute crystallised capital gains to investors. So, if the ETF sells some of its shares and has made a profit, then that is included in the distribution. So, the actual dividend income of the ETF may not make up the whole distribution.

Between July 2019 to January 2023, the distribution yield has ranged between 2.35% to 5%, according to BetaShares.

Is BetaShares NASDAQ 100 ETF worth buying for passive income?

On the dividend income alone, I wouldn’t suggest it’s going to pay a big yield.

It’s not surprising considering the current Microsoft dividend yield is only just above 1% and the Apple dividend yield is less than 1%, according to Google Finance.

However, when we look at the distributions by the ETF, it’s a solid yield over the past few years. If its yield is around 3% over the next three years, that would be pretty good to me.

But, the main potential here, in my opinion, is capital growth. Over the last five years, it has returned an average of 15.2% per annum, which includes a drop of more than 20% since the start of 2022. Though, past performance is not a reliable indicator of future performance.

I think this group of businesses has an attractive future with global growth potential.

The post Is the BetaShares NASDAQ 100 ETF (NDQ) worth buying for dividend income? appeared first on The Motley Fool Australia.

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More reading

• 3 ETFs for smart ASX investors in March
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Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Alphabet, Amazon.com, Apple, BetaShares Nasdaq 100 ETF, Microsoft, and Tesla. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool Australia has positions in and has recommended BetaShares Nasdaq 100 ETF. The Motley Fool Australia has recommended Alphabet, Amazon.com, and Apple. 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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The National Australia Bank Ltd (ASX: NAB) share price is trading in the green on Friday.

The big four bank’s stock is currently gaining 0.7% to trade at $29.035. That’s compared to the S&P/ASX 200 Index (ASX: XJO)’s 0.3% rise.

NAB shares have had a rough slog lately, falling 9% over the last month amid the release of its seemingly strong quarterly earnings.

But does its new share price leave NAB in the buy zone? Let’s take a look.

Are NAB shares a buy at $29?

Two top brokers agree the NAB share price likely offers an upside from here. However, they’re divided over whether the stock is a buy.

Goldman Sachs is the more bullish of the pair. It’s dubbed the big bank stock a buy, slapping it with a $35.42 price target ­– a potential 22% upside.

The broker noted the bank’s recent “better than expected [quarterly] performance”, helped along by stronger revenues and lower bad and doubtful debts. Though, that was partially offset by higher expenses.

It also noted that it believes NAB offers the best exposure to momentum in commercial volumes over housing volumes. Meanwhile, its high productivity levels over the last three years are said to have left it well-positioned to push through inflationary pressure.

Finally, its net interest margin (NIM) is tipped to peak in the second half of financial year 2023 before falling steadily.

Macquarie might also like the look of the NAB share price’s current levels.

The broker’s neutral on the stock but tips it to rise to $31, my Fool colleague James reported last month. That marks a potential 6.8% upside.

The ASX 200 bank share holds a top spot in the broker’s income portfolio, with its dividends forecasted to grow to $1.61 this financial year.

That could leave the stock with a 5.5% dividend yield at its current share price.

The post Should I buy NAB shares at $29? appeared first on The Motley Fool Australia.

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More reading

• Watch out CBA: This ASX 200 bank share is rapidly growing
• Why did the NAB share price tumble 6% in February?
• Why I think NAB could be the best ASX 200 bank share to buy right now
• These ASX 200 dividend shares are top of Macquarie’s income portfolio
• The NAB share price is sinking this month. Time to pounce?

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group. The Motley Fool Australia has positions in and has recommended Macquarie Group. 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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The Fortescue Metals Group Limited (ASX: FMG) share price is up a slender 0.1% during the lunch hour on Friday.

At the time of writing, shares are changing hands for $23.08.

If the S&P/ASX 200 Index (ASX: XJO) iron ore miner can hold onto those gains, today will be the fourth straight day the Fortescue share price finishes in the green.

This follows a hefty loss on Monday to kick off the week.

What happened with the ASX 200 miner on Monday?

The Fortescue share price closed down 7.3% on Monday, finishing the day at $20.81.

Part of that loss stemmed from a slide in commodity prices over the weekend. This saw Rio Tinto Ltd (ASX: RIO) shares finish Monday down 2.9% while the BHP Group Ltd (ASX: BHP) share price fell 3%.

The Fortescue share price came under additional selling pressure on Monday as the stock traded ex-dividend on the day.

The miner reported its half-year results on 15 February, announcing a fully franked interim dividend of 75 cents per share, down 13% from the prior interim dividend.

On Monday, investors buying the stock were no longer entitled to that dividend, sending the share price lower. Investors who owned shares at Friday’s close can expect that dividend payment on 29 March.

Fortescue share price buoyed by green steel ambitions

The Fortescue share price marched higher for the rest of the week, currently up 11% since Monday’s close.

Part of that strength looks to be derived from the company’s industry-leading sustainability push via its subsidiary Fortescue Future Industries (FFI).

The miner’s ‘green steel’ initiative may have shielded it from some of the wider mining sector fallout on Tuesday following news that China’s government had ordered a cutback in steel production at Tangshan.

Chinese officials said the move was necessary to reduce air pollution.

Indeed, on Wednesday Fortescue boss Andrew Forrest pointed to the huge opportunities available to the company in the United States. That’s thanks to the US$437 billion worth of subsidies for new energy projects contained in the US Inflation Reduction Act (IRA).

Mark Hutchison, the head of FFI, jetted off to the US on Wednesday to discuss those opportunities with government and business leaders.

Fortescue share price snapshot

As you can see in the chart below, a big surge in the Fortescue share price since early November has helped send the ASX 200 miner’s shares up 19% over the past 12 months.

The post What’s moving the Fortescue share price this week? appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Has this ‘completely changed the landscape’ for the future of Fortescue shares?
• Fortescue share price rebounds on possible China supply restrictions
• Why Appen, Downer, Fortescue, and Invocare shares are crashing today
• Why is the Fortescue share price sinking 8% today?

Motley Fool contributor Bernd Struben 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 Scott Phillips.

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Mineral Resources Ltd (ASX: MIN) shares are on course to end the week on a positive note.

In afternoon trade, the mining and mining services company’s shares are up 1% to $90.96.

This means the Mineral Resources share price is now up over 90% since this time last year, as you can see below.

Can Mineral Resources shares keep rising?

The good news is that one leading broker doesn’t believe it is too late to jump on the Mineral Resources train.

In fact, its analysts believe that train is going to chug meaningfully higher from current levels over the next 12 months.

According to a note out of Bell Potter, its analysts have a buy rating and $110.00 price target on its shares.

Based on the current Mineral Resources share price, this implies potential upside of 21%.

Why is Bell Potter bullish?

Bell Potter was impressed with Mineral Resources’ first-half performance, noting that it generated more profit during the six months than it did in the entirety of FY 2022. It said:

Revenue was $2,350m (vs BPe $2,163m). Underlying EBITDA: $939m (vs BPe $901m). Net profit after tax: $390m (vs BPe $399.3m), already exceeding the FY22 full year result.

But the broker doesn’t expect its earnings growth to stop there. Far from it! Its analysts conclude:

We maintain our Buy recommendation and Target price. Over the next two years we forecast that as the business transformation is completed, MIN’s growing production volumes, and improving margins, supported by strong commodity prices, will result in significant earnings growth. In addition to growth in lithium, MIN is undertaking significant Iron Ore growth at the Onslow Iron Project, and developing its Energy business.

It is also worth noting that Bell Potter expects this to underpin a $9.39 per share dividend in FY 2024. This represents a 10.3% dividend yield at current prices.

The post Buy Minerals Resources shares for 21% upside: broker appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• 4 ASX 200 lithium shares to buy now: broker
• Here are the top 10 ASX 200 shares today
• Why are ASX 200 mining shares leading the market today?
• Investing in ASX 200 lithium stocks? Here’s why this 6% decline in China matters

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 Scott Phillips.

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The Sayona Mining Ltd (ASX: SYA) share price has been put into the freezer this morning as the company prepares to release news of a capital raise.

Stock in the S&P/ASX 200 Index (ASX: XJO) lithium outfit last traded at 23.5 cents.

And there it will stay until the company releases its much-anticipated announcement or the market opens on Tuesday, whichever comes sooner.

Let’s take a closer look at what’s going on (or not going on) with the soon-to-be lithium producer on Friday.

Sayona share price halted ahead of capital raise announcement

Market watchers might be surprised to see the Sayona Mining share price halted amid expectations of a capital raise this morning.

Indeed, it was only three weeks ago the lithium up-and-comer restated it had $97.9 million of cash on hand and no debt –  enough to fund it for another five quarters.

It also boasted $200 million of unused financing facilities at the end of the December quarter.

Not to mention, the company is expecting to restart production at its North American Lithium (NAL) operation this month.

The Canadian operation’s restart was also previously confirmed to be on budget and will likely see the company realising revenue. The maiden spodumene shipment from the operation is expected to sail in July.

So, why might the company be holding its hand out for extra cash? Well, we won’t know for sure until Sayona shares return to trade.

It’s also worth noting it’s been less than 12 months since the ASX 200 company underwent its last capital raise.

It brought it $190 million through an institutional placement in May 2022, offering new shares for 18 cents apiece. That represented a 12.2% discount to the stock’s prior close.

The funds went towards NAL’s restart and the development of the company’s northern hub.

If a capital raise were to realise such a discount today, Sayona shares would be priced at around 20.6 cents.

The post Why has the Sayona Mining share price just been halted? appeared first on The Motley Fool Australia.

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More reading

• Here are the 3 most heavily traded ASX 200 shares on Thursday
• Here are the 3 most heavily traded ASX 200 shares on Wednesday
• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• Why did ASX 200 lithium share Sayona dive 13% in February?
• Here are the 3 most heavily traded ASX 200 shares on Monday

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

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