Why Are Investors Eyeing These Graphite Stocks – HZR, BSM, BAT?

Why Are Investors Eyeing These Graphite Stocks - HZR, BSM, BAT?

Graphite is one of the most important minerals, which are used in making electric batteries. With the rise in the demand for electric batteries, the prices of graphite have increased significantly, which is why investors are keeping a close eye on the Graphite stocks. The below-mentioned stocks have made significant strategic progress in the last quarter. Let’s focus a bit more on these stocks.

Hazer Group Limited (ASX: HZR)

Hazer Group Limited (ASX: HZR) was recently granted its first Australian Patent, significantly contributing to the solid foundation of Hazer’s intellectual property position in Australia. Earlier in December 2018, the company was granted two Australian Innovation Patents, and along with the new one, these patents are providing broad, enforceable protection for Hazer’s core technologies in Australia.

In March 2019, the company successfully relocated its Fluidised Bed Reactor Pilot Plant (FBR Pilot Plant) from Sydney to Kwinana in Perth and commenced the commissioning of the PTR Pilot Plant. The company is now proceeding with the front-end engineering and design (FEED) studies for a Commercial Demonstration Plant. Due to these abovementioned achievements of the company, investors are keeping a close eye on this stock.

For the six month period, the stock has generated a negative return of 7.14% as on 2nd May 2019.

At market close on 3rd May 2019, HZR’s shares traded at $0.345 (6.154% intraday), with a market capitalisation of circa $31.61 million.

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Bass Metals Ltd (ASX: BSM)

The producer of industrial mineral concentrates, Bass Metals Ltd (ASX: BSM) recently made the strategic decision to expedite elements of the planned Stage 2 expansion to enhance its current production. During the March quarter, the company proceeded with the installation of additional processing capacity via the installation of two of the planned four attritioning cells. The company also brought forward expenditure on expanding its mining fleet and optimising the power supply. The company recently announced that it has progressed its brownfield exploration strategy to grow the resource inventory at the Graphmada Large Flake Graphite Mine. As the company is quickly progressing towards its goal of establishing itself as a material producer of industrial mineral concentrates, investors are keeping a close eye on this stock.

For the six month period, the stock has generated a negative return of 57.89% as on 2nd May 2019.

At market close on 3rd May 2019, BSM’s shares traded at $0.008, with a market capitalisation of circa $22.45 million.

Battery Minerals Limited (ASX: BAT)

Battery Minerals Limited (ASX: BAT) as the name suggests, is involved in the exploration of battery minerals with its two world-class graphite deposits in Mozambique. Lately, the company has made substantial progress towards the funding for Montepuez Graphite Project, as it has coordinated a number of site visits for investors and potential project funders. For 2019 March quarter, the company used A$2,873,000 of cash for operating activities, which includes $142,000 for exploration and $1,362,000 for development activities.

For the six month period, the stock has generated a negative return of 14.81% as on 2nd May 2019. BAT’s shares last traded at $0.023, with a market capitalisation of $29.29 million as on 3rd May 2019.


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This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. The above article is sponsored but NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) under discussion. We are neither licensed nor qualified to provide investment advice through this platform.

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