3 Stocks With Recent Quarterly Results - MIN, ORG, LIT

  • May 01, 2019 AEST
  • Team Kalkine
3 Stocks With Recent Quarterly Results - MIN, ORG, LIT

Mineral Resources Limited (ASX: MIN) is a metals and mining company based in Australia. It has a vast experience in the mining services sector and provides long-term contract services to Australia’s mining companies. The company has a portfolio of major brands, including Crushing Services International Pty Ltd.

On 30th December 2019, the company released March 2019 quarterly result, in which it stated that it had filed the submissions with the relevant regulatory authorities in Australia and China regarding the sale of a 50% interest in the Wodgina Lithium Project. During the quarter, the company saw a progression of the construction of the Wodgina spodumene concentrate plant and associated non-process infrastructure. It also completed the sales agreement to acquire Neometals’ 13.8% share in the Mt Marion Lithium Project. Iron ore shipments during the quarter increased by 41% over the prior quarter to 3.3 million tonnes. A total of 111,287 wet metric tonnes of Spodumene concentrate has been shipped.

The market capitalisation of the company is A$2.93 billion. The 52-week high and low of the stock is A$20.7 and A$12.39, respectively. The current market price of the stock stands at A$15.54, down by 0.32% as of 1st May 2019. The YTD return stands at 4.21%.

Origin Energy Limited (ASX: ORG) is an energy company, which has a business in power generation, energy retailing natural gas production, etc. The company’s portfolio includes the Bonaparte and Beetaloo Basin in the Northern Territory.

In the March 2019 quarterly report, the company posted record revenue from Australia Pacific LNG, generating $763.9 million, an increase of 53% compared to the same quarter in 2018. In aggregate, 33 LNG cargoes were shipped and loaded from Australia Pacific LNG during the period. On the energy division front, the electricity sales volumes increased by 7% compared to the previous quarter. The key driver was higher retail demand over summer, but low volumes partially offset the impact. Due to the seasonal demand and ending of short-term wholesale contracts in Queensland, the sales of natural gas plunged by 10% compared to the prior quarter.

The market capitalisation of the company is A$12.98 billion. The 52-week high and low of the stock is A$10.27 and A$6.03, respectively. The current market price of the stock stands at A$7.66, up by 3.94% as of 1st May 2019. The YTD return stands at 16.61%.

Lithium Australia NL (ASX: LIT) is focused on providing sustainable materials to the battery industry. It has developed a proprietary technology SiLeach® and has secured a high position in the lithium industry around the globe. It is also focusing on the recovery of lithium from mine waste in an energy-efficient manner.

On 30th April 2019, the company released the March 2019 quarterly report. An exploration programme undertaken in January 2019 at Medcalf prospect confirmed the presence of spodumene pegmatite swarms very low in deleterious elements. The company also completed the aerial survey at its Youanmi lithium project and continues exploration. A pre-feasibility study has been commenced for the Sadisdorf lithium project to evaluate the viability of producing cathode materials for lithium-ion batteries. An alternative to the conventional spodumene refining, the company is aiming to progress to a continuous pilot plant for its 100%-owned LieNA® process.

The market capitalisation of the company is A$36.37 million. The 52-week high and low of the stock is A$0.145 and A$0.077, respectively. The CMP of the stock stands at A$0.079 as of 1st May 2019The YTD return stands at a negative 17.02%.


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