Below are 5 Resource sector stocks with small market capitalization and significant movements noted recently.
Tawana Resources NL (ASX: TAW) : Tawana’s stock was trading at a market price of $0.330 and has seen a dip of 2.9% as price change as at Aug 22, 2018, post market open. Over the past six months, the stock has seen a performance change of 25.27%. In context to the proposed merger of Tawana and Alliance Mineral Assets Limited, the company has registered the scheme booklet where the shareholders of Tawana have been indicated to receive 1.1 new Alliance shares for every 1 Tawana share held.
Intermin Resources Ltd (ASX: IRC): Recently, the company posted excellent results at the Binduli gold project. With over 5,000 m drilled to date at Crake, additional 30 holes for 3,000 m planned drilling is to commence in September 2018. It has also attained good results at Anthill Gold Project. The stock was trading at a market price of $0.167 and has seen a price change of -1.76% as at August 22, 2018, post market open. Over the past 12 months, the stock has seen a performance change of 86.81%.
Argosy Minerals Ltd (ASX: AGY): Argosy has provided a latest update that included a major Stage 1 target of completing construction of the industrial scale pilot plant and producing the first batch of lithium carbonate (“LCE”) product. Investors hailed when the group reported about witnessing production of 99.6% lithium carbonate. The stock was trading at a market price of $0.247 with daily percentage change of 2.9% as at August 22, 2018, post market open while the stock was significantly down a day before. The stock has seen a performance change of a staggering 108% over the past 12 months.
Pilbara Minerals Ltd (ASX: PLS): The lithium player’s stock traded at a market price of $0.832 on August 22, 2018, post market open, with a rise of 0.85%. The stock had risen about 2.41% in last six months. It is on track to become a major global lithium producer, with pathway to full production clear and commissioning on track. Now comprising 213 million tons grading 1.32% LiO (spodumene) and 116 ppm Tantalum Oxide, there is a 36% increase in tonnage and increase in grade to the Pilgangoora Mineral Resource. However, the group has been lately impacted by lithium price volatility. Nonetheless, the group has a cash balance of about A$120 million as at June 30, 2018.
Anson Resources Ltd (ASX: ASN): Last month only, Anson’s application for conducting drilling for Lithium Brine was approved by the Bureau of land management. Despite some positive news, the stock was now seen to be trading at a market price of $0.105 with daily percentage change of -4.54% as at August 22, 2018, market open. The stock has seen a performance change of a staggering 900% over the past 12 months. Upon the exercise of the ASNOB options, which expired on August 10, 2018, a further of 7,658,824 shares have been issued. The remaining 123,851 of unexercised options have lapsed.
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