Lithium stocks are currently under discussion and gaining tractions as the sector is booming and becoming a favorite among investors. Let’s take a look at three lithium stocks classified under the metals and mining sector.
BAUXITE RESOURCES LIMITED (ASX: BAU) – The revenue of the company decreased from the prior year of 2017 from $856,586 to 2018 of $678,378. As at June 30, 2018 the company had $4.9M approx. cash in the bank with no debt representing healthy balance sheet, two freehold rural properties and the retained royalty right in respect of the first 100 million tons of bauxite mined from the 227.9Mt Felicitas and Fortuna. The working capital position is better at $ 5,050,164 in 2018 however it is still lower than the previous year. The earnings per share is of -0.002 AUD representing the negative profit growth. The stock has traded flat as at October 22, 2018, to trade at a market price of $0.056. In the last one year the stock has seen a performance change of 30.37%.
BIRIMIAN LIMITED (ASX: BGS) – Mr. Anand Sheth, as the Company’s Strategic Marketing Adviser, has been engaged as the highly experienced lithium specialist. For the half year ending June 30, 2018 the Group’s net loss after tax was $1,805,608, compared to the profit of $36,511 in 2017. As at June 30, 2018 the company had $4.9M approx. cash in the bank with no debt. Birimian is proposing to develop a 2Mtpa Project at Goulamina at an estimated capital cost of US$200M, with the Project scheduled for completion in 2020, the company has decent outcomes forecast with pre-tax NPV10 of A$920M and with pre-tax IRR of 49.5%. The stock has fallen -2.174% as at October 22, 2018 and is trading at a 52-week low, to a market price of $0.056. In the last one year the stock has seen a performance change of -32.35%.
BASS METALS LTD (ASX: BSM) – Bass Metals Limited has recently announced to provide an operational update from its 100% owned, debt free, Graphmada Graphite mine. At 1.1 cents per share raising $3 million, the company issued 272,727,273 shares to institutional, professional and sophisticated investors. Consolidated net loss after tax for the Group was $4,448,178 compared to the loss of 2017 of $9,903,955. No dividends have been paid during the period and no dividends have been recommended by the Directors. The cash and cash equivalents at the end of the financial year 2018 was of $4.60 million with no significant debt. The stock has traded flat as at October 22, 2018, to trade at a market price of $0.022. In the last one year the stock has seen a performance change of 46.67%.
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.
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