A Look At The 4 Lithium Stocks - GXY, AJM, PLL And LPI

  • Mar 31, 2019 AEDT
  • Team Kalkine
A Look At The 4 Lithium Stocks - GXY, AJM, PLL And LPI

Galaxy Resources Limited (ASX: GXY)

Galaxy Resources Limited is a company that belongs to the metals and mining sector, that is engaged in the production of the lithium concentrate and exploration for minerals in Australia, Argentina and Canada. The stock of GXY has given a negative return of 39.94% in the past one year. However, in the last five years, the stock has given an outstanding performance of 537.93%.

As per company’s annual financial results, the Group made a net profit after tax from operations worth US$3.5 million from US$0.1 million recorded in 2017. The revenue from ordinary activities increased by 60% to US$153.929 million. GXY reported a net profit after tax from the ordinary activities worth US$150.223 million, up by whooping 118,186% as compared to the previous corresponding period. The total lithium concentrate production was up by 1% and the sales volume by 4%. On 25 February 2019, they completed the POSCO transaction.

The stock of the company last traded at A$1.880 (as on 29 March 2019), up by 1.622% from its previous close.

Altura Mining Limited (ASX: AJM)

Altura Mining Limited, is another company from the metals and mining sector engaged in mineral exploration and services business. Altura is a key player in the international lithium market focused on the supply of lithium raw materials.

In the last one year, the stock of AJM has seen a continuous downward trend. It has generated a negative return of 67.06% in last one year. On 25 March 2019, Altura made an announcement on ASX about the impact of the Tropical Cyclone Veronica, on operations at the Altura Lithium Mine that is situated in Pilbara region of Western Australia. The site staff was asked to evacuate the site, and the process got completed by 4:00 pm on Saturday 23 March 2019. The plant was locked down, and the security procedures were completed, and the production of lithium concentrate got ceased during the shift completion on Saturday 23 March 2019.

In the half-yearly results of AJM for the period ended 31 December 2018, the company incurred a loss before income tax of $10.878 which was 2.5 times above the loss made in the previous corresponding period. By the end of the period, there was a significant fall in the cash and cash equivalent from $110.225 million in 1HFY2018 to $9.039 million in 1HFY2019.

On 29 March 2019, the shares of AJM closed at A$0.135, down by 3.6%. The company has a market capitalization of A$297.56 million and approximately 2.13 billion outstanding shares.

Piedmont Lithium Ltd (ASX: PLL)

Piedmont Lithium Ltd, is an emerging lithium company from the metals and mining sector. Its stock has generated a negative return of 29.03% in the last one-year. However, its YTD performance remains positive, since the stock had generated a return of 19.57%.

On 14 March 2019, the company had announced the phase-4 results for 23 drill holes, where the drill result showcased the outstanding potential of the lithium-rich and low-cost Carolina Tin-Spodumene belt situated in North Carolina in the US.

On 11 March 2019, the company declared its half-yearly results for the period ended 31 December 2018 where the company recorded a total comprehensive loss for the period standing at US$4,275,457. At the end of the period, there was a decline in the cash and cash equivalents to US$9,584,024 from $11,676,029 in the previous corresponding period.

Even though the company made a loss in 1HFY2019, it continued with its drilling program to expand the Piedmont lithium Project life by 13 years. The 8 holes at the Piedmont lithium project resulted in high-grade lithium mineralization (as announced on ASX dated 13 February 2019).

By the end of the trading period, on 29 March 2019, the closing price of the stock was A$0.105, down by 4.6%. The company has a market capitalization of A$73.74 million and approximately 670.38 million outstanding shares.

Lithium Power International Limited (ASX: LPI)

Lithium Power International Limited is a lithium mining and exploration company, from the metals and mining sector. The company’s stock in the last year has generated a negative return of 41.43%.

Recently, the company declared its half-yearly results, where the company has recorded a significant loss for the six months period ended 31 December 2018. The company noted a loss after income tax expense for the half-year of $7,883,943 which was more than 3.6 times the loss made in its previous corresponding period (pcp). The cash and cash equivalents by the end of the period were standing at $17,132,094 which was down by approximately 50% from $34,163,800 in pcp.

On 14 March 2019, the company declared its list of top 20 security holders.

By the end of the trading session on 29 March 2019, the closing price of the company’s stock was A$0.205, which is also its 52-weeks low price. The company has a market capitalization of A$53.82 million and approximately 262.51 million outstanding shares.


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