4 Lithium Stocks under Spotlight – GXY, KDR, ORE and PLS

4 Lithium Stocks under Spotlight - Kalkine Media

With lithium prices on the downslide, these four ASX listed stocks remain under spotlight –

Galaxy Resources Ltd (ASX: GXY) is a key lithium player under stock market tips that Australia has seen in last couple of years. Galaxy Resources Ltd has moved up 38.4% in last one year but fell by 24.6% in last six months. The stock was trading at a market price of $2.565 as at August 16, 2018 (11:30 AM AEST), down 2.5%. Galaxy is amongst one of the top battery minerals producers to be shorted on the ASX having more than 13 percent of their registered shares sold short. For an aggregate 45,761 dmt of product sold, a total of 3 shipments of lithium concentrate were completed during the latest quarter. The market capitalization of Galaxy stands over $1 billion.

Kidman Resources Ltd (ASX: KDR) is under metals and mining sector. The stock was trading at a market price of $1.172 and has seen a daily price change of -1% as at August 16, 2018, 11:30 AM AEST. The stock has seen a performance change of 92.68% over the past 12 months. Its refinery under JV, will initially produce solely lithium hydroxide, which is agreed by both Kidman and SQM, and this follows the announcement of JV lithium refinery location. With conversion of KDR options, the company’s cash balance increased by $7.1 million. Kidman’s 50:50 joint venture partner Sociedad Quimica Minera has recently made reference to its focus on Australian project.

Orocobre Ltd (ASX: ORE) is under metals and mining sector and is a production and minerals exploration company with focus on developing Lithium resources in Argentina. The company was trading at a market price of $3.95 with a performance change of 32% over the past 12 months as at August 15, 2018 and a daily price change of -3.4% on August 16, 2018, 11:30 AM AEST. Record 12,470 tons, which is up 5% year on year (YoY), production for fiscal year as at June 30, 2018 was reported. As part of stage 2 expansion program, activities worth US$40 million commenced with the construction of roads, ponds, and camp infrastructure. This expansion will bring ORE’s Olaroz total production capacity to 42,500tpa by adding 25,000 tons per annum (tpa) of lithium carbonate.

Pilbara Minerals Ltd (ASX: PLS) under metals and mining sector, is into Lithium and Tantalum’s exploration and mine development. This ASX listed player traded at a market price of $0.842 on August 16, 2018, with a daily price change of -2% as at 11:30 AM AEST. The stock had risen about 1.78% in last six months but fell about 16% in last one month. It is on track to become a major global lithium producer, with pathway to full production clear and commissioning on track. Construction of the Stage 1 concentrator is largely completed. There is a 36% increase in tonnage and increase in grade to the Pilgangoora Mineral Resource now, and the cash balance is about A$120 million as at June 30, 2018.

[pluginops_form template_id=’23834′ ]

Sponsored ad by Kalkine

Dividend Stocks To Buy

The Income available from dividends remains attractive for many investors.

We take a look at the best yields on the market and assess what they say about a company’s prospect.

One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”

ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.

Click here to get your free report.


Disclaimer

The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.

Join Our Discussion

Start discussion with value Investors for ASX Stock Market Investment and Opinion.


6 Cannabis Stocks under Investor’s Limelight…

Cannabis companies that sell both medicinal weed and recreational pot. Marijuana stocks to look at. Marijuana mergers and acquisitions. Dispensary data analytics. Upcoming marijuana IPO’s Those phrases have become increasingly common as marijuana legalization spreads.

Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500.

Click here for your FREE Report

LEAVE A REPLY

Please enter your comment!
Please enter your name here