Are ASX: GXY and ASX: PLS Still Having Potential In Lithium Space

  • Nov 28, 2018 AEDT
  • Team Kalkine
Are ASX: GXY and ASX: PLS Still Having Potential In Lithium Space

It may not be wrong to say that the supply of lithium is humongous and that it will not diminish with the rising demand of lithium in the auto industry. It will be interesting to see if this is benefitting the stocks in this metal’s space. Two big stocks in the lithium space are:

GALAXY RESOURCES LIMITED (ASX: GXY) – The company has announced that it has completed 25,555 meters of grade control. The company has seen a 46% increase in cash balance to US $45.1M as at June 30, 2018 from US $31.0M in June 30, 2017. It has a gross profit margin increase of US 1,465% as at June 30, 2018 of $23.2M from US $1.5 M as at 2017. The revenue has gone up by 682% to US $88.4 M as at June 30, 2018 which is leading to EBITDA change 2,878% to US $42.4 M. The company has also reported a NPAT of US $11.5 M which is up by 331% over the previous corresponding period. The company has achieved a production optimization over the past 12-Months and has improved its cost margin. The company has free cashflow and EBITDA margins to support growth and development projects. The stock price surged up by 2.632% as at November 28, 2018 to $2.730 and has witnessed a 1166.67% over the past sixty months.

PILBARA MINERALS LIMITED (ASX: PLS) – The company has had a resource growth with massive JORC indicated 130Mt resource completed, and all the projects execution delivered on time during the year. The lithium pricing from China which appears to have stabilized has helped the company. Regarding low cost, long life and high quality the company has one of the best raw material projects in the world. Its partner POSCO is also is a financially strong and technically capable, to largely fund Pilbara’s initial 30% interest in the JV conversion plant who will provide a convertible bond for A$79.6M. As at June 30, 2018 company had a cash balance of A$90.6 million. The consolidated loss for the year ended 30 June 2018 has reduced and was $19.42 million as compared to 2017 loss of $25.95 million. The market capitalization of the company at a current market price is $1.45 billion. The stock price surged up by 1.205% as at November 28, 2018 to $0.840 and has witnessed a 1166.67% over the past sixty months.


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. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.



All pictures are copyright to their respective owner(s) does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK