Four Much Talked About Lithium Stocks - GXY, AVZ, AGY And AJM

  • Dec 13, 2018 AEDT
  • Team Kalkine
Four Much Talked About Lithium Stocks - GXY, AVZ, AGY And AJM

The markets for lithium have grown quite rapidly over the years which is attributed mainly to the lithium battery market demand. Lithium batteries outperform the other batteries in use like nickel-based batteries and thus adding to the continued strong growth of Lithium across the industry. Four lithium stocks making the most of this and are much in discussion are as follows.

GALAXY RESOURCES LIMITED (ASX: GXY) – The company has struck a high-grade intersection outside of its zone with a new pegmatite lode that has been intersected beneath known lode in NW zone, and both remain open at depth and to the west. As compared to negative operating margin of 10.8% in first half FY17 the operating margin has increased by 20.1% in first half FY 18. The company has a market capitalization of $1.04 billion at the current prevailing market price. Galaxy has net cash of A$75.7 million as at September 30, 2018, making the enterprise value at A$971.6 million. The stock price traded flat at $2.540 as at December 13, 2018. The stock witnessed a 2.01% incline in the performance for the past three months.

AVZ MINERALS LIMITED (ASX: AVZ) – In the latest ruling from the government, the royalty rates for lithium remains unchanged. The company before a resource estimation initially, focused on the completion of a 20,000m resource drilling program which was completed during the financial year 2018 and yielded spectacular intersections of some 200-300m thick. The company carefully executed several equity raisings at prices ranging from 7c to 25c during FY18 for a total of $28m. The company has a market capitalization of $143.52 million at the current prevailing market price. The stock price traded flat at $0.076 as at December 13, 2018. The stock, however, has witnessed a -23.23% decline in the performance for the past three months. 

ARGOSY MINERALS LIMITED (ASX: AGY) – Located in the Lithium Triangle in Salta Province, Argentina, the company has announced further development progress at the Rincon Lithium Project where the next stage of evaporation pond construction works are completed. For use in the company’s operating stage 1 industrial-scale pilot plant, the company has completed construction of a combined total of ~38 hectares of lithium brine evaporation ponds operational and providing concentrated lithium brine. The company has a market capitalization of $156.99 million at the current prevailing market price. The stock price traded flat at $0.170 as at December 13, 2018. The stock, however, has witnessed a -27.66% decline in the performance for the past three months.

ALTURA MINING LIMITED (ASX: AJM) – To leverage on the rapidly growing global lithium market, the project timeline places Altura Lithium in a competitive position. The cash as at September 30, 2018, is at $10.5 million with a current market capitalization of $318.56 million. The company has a low risk, cost and CapEx project with a long life. Altura Lithium will produce approximately 18,000t per month of lithium concentrate at steady-state operation. It has also secured an offtake agreement with Ganfeng lithium which locks in 100% of stage 1 production. The stock price traded flat at $0.185 as at December 13, 2018. The stock, however, has witnessed a -25.23% decline in the performance for the past three months.


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