3 Most Discussed Li Stocks – AJM, PLS and KDR

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Lithium has become a key source for the development of industrial products and demand of the metal has significantly increased especially in batteries and electrical vehicles. Lithium has a low supply risk and it is considered a critical metal because of its high economic importance. Lithium stocks are hence bound to be in demand and under discussion, here are three most talked about stocks.

ALTURA MINING LIMITED (ASX: AJM) – The securities of Altura Mining Limited will be placed in trading halt pending it releasing an announcement. As compared to the loss of $6,165,006 in FY17, for the year ended June 30, 2018 the operating loss of the group was reported at $12,816,965. Resultant to which as compared to $6,417,320 in FY17 the EBITDA reported a drop up to $13,279,929 for FY18. Due to the construction phase of the Lithium project, consolidated group net assets posted an increment in 2018, with non-current assets contributing significantly. The market cap of AJM was recorded at $327.67m, and negative EPS of 0.007 as on November 08, 2018. As at November 8, 2018, the stock of AJM traded flat at a market price of $0.180, it has witnessed a performance change of 157.79% since inception.   

PILBARA MINERALS LIMITED (ASX: PLS) – The company will complete financing and final investment decision for Stage 2, 5Mtpa expansion and following final investment decision, commence construction of Stage 2, 5Mtpa expansion. Pilbara Minerals is working through several funding avenues to finance the A$231 million capital development cost plus any additional working capital requirements. The consolidated loss for the year ended 30 June 2018 was $19.42 million compared to the 2017 loss of $25.95 million. The directors recommend that no dividend be declared or paid. The earning per share (EPS) -0.012 AUD representing restricted profit. As at November 8, 2018, the stock of PLS traded flat at a market price of $0.855, it has witnessed a performance change of 418.18% since inception.

KIDMAN RESOURCES LIMITED (ASX: KDR) – In relation to the supply of lithium hydroxide, Kidman Resources Limited has entered into a binding head of agreement with Mitsui & Co. Revenues of the company grew from $129,524 in FY14 up to $521,091 at a 5-year CAGR of 32.1% in FY18. Under the operating loss, significant reduction was reported, as compared to $31,310,271 in FY17 it has reduced to $9,681,568 in FY18. From continuing operations, the total loss, was of $9,661,620 and $19,948 was from discontinued operations. The company had as compared to $2,554,441 in FY17 cash and cash equivalents of $10,025,863 in FY18. The earnings per share (EPS) is -0.027 AUD reflect restrained profitability. As at November 8, 2018, the stock of KDR traded at a market price of $1.450, it has witnessed a performance change of 593.18% since inception.


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