5 Lithium Stocks On The Rise - MIN, PLS, GXY, ORE And AJM

  • Nov 22, 2018 AEDT
  • Team Kalkine
5 Lithium Stocks On The Rise - MIN, PLS, GXY, ORE And AJM

Mineral Resources Limited (ASX: MIN)

By the end of the day, the share price of the company hiked by 26.586% which is equivalent to 3.310 points. In the morning session, the opening price of the share was A$16.50. It went as low as A$14.50 and by the end of day, the share price closed at A$15.76. The market capitalization was A$2.34 billion with the PE ration of 8.57x.

The hike in the market price of the share was seen after the annual general meeting. The FY18 results were declared to be solid. Also it was announced in the morning that the company is entering into an exclusive agreement with Albemarle Corporation (NYSE:ALB) in regard to the sale of 50% interest in Wodgina Lithium Project. They also formed a 50:50 joint venture in order to produce lithium hydroxide and spodumene concentrate. 

Pilbara Minerals Limited (ASX: PLS)

By the end of the day, the share price of PLS increased by 7.595% which is equivalent to 0.060 points. In the morning the opening price of the share was A$0.865 which was recorded as the highest price at which the share was traded today. The prices went as low as A$0.835 and closed at A$0.850. The market capitalization is A$1.38 billion. Today the share opened with a gap up with the previous close of 0.79 and the share closing price today is well above the previous day closing price.

Galaxy Resources Limited (ASX: GXY)

By the end of the day, the share price increased by 9.237% which is equivalent to 0.230 points. The share price opened at A$2.62 and it went as high as A$2.72 and the lowest price at which the share price traded was A$2.58 and by the end of the day the share closed at A$2.72 with the market capitalization of A$1.01 billion. Today the share opened with a gap up with the previous close of 2.481 and the share closing price today is well above the previous day closing price. Also, if we see the last day’s candlestick pattern, almost a doji like structure was formed which represents any upcoming uncertainty in the market.

Orocobre Limited (ASX: ORE)

By the end of the day, the market price of the share hiked by 1.58% which is equivalent to 0.07 points. In the morning the share price opened at A$4.550. It went up as high as A$4.67 and as low as A$4.470 and closed at A$4.500 with the market capitalization of A$1.16 billion and PE ratio 395.54x.

Based on the chart, the candlestick pattern for the past 2 days appears almost like a doji which indicates an upcoming uncertainty in the market.

Altura Mining Limited (ASX: AJM)

By the end of the day, the market price of the share has gone up by 4.878% which is equivalent to 0.0010 points. The opening price of the share was A$0.205. It went as high as A$0.220. The lowest price recorded for the day was A$0.205 and finally closed atA$0.215 with the market capitalization of A$373.18 million.

The share price hiked after the declaration the results of FY2018.

Based on the technical analysis, the previous day encountered an occurrence of doji which represents uncertainty in the market.


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