AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Lithium is one of the most significant components of electric batteries, making it strategically relevant for Electric vehicle manufacturers. With the rise in the demand for electric vehicles, the investors are shifting their focus to lithium stocks. Letâs take a closer look at these stocks:
Galan Lithium Limited (ASX:GLN)
Lithium Producer, Galan Lithium Limited (ASX:GLN) recently on 15 March 2019 issued a total of 655,882 fully paid ordinary shares (Shares) in the capital of the Company on the conversion of unquoted options (exercisable at $0.14 on or before 31/12/19).
For the half year ended 31 December 2019, the company reported operating loss after income tax of $623,790 as compared to $631,054 in the previous corresponding period (pcp). As at 31 December 2018, the company had cash reserves of $1.917 million. On 11 March 2019, the Company announced that downhole geophysical profiling into its maiden drillhole (C-01-19) at the Candelas Lithium Brine Project indicated that brine commenced at around 200 meters and extending to the bottom of the hole at 401m.
In the past six months, the share price of the company decreased by 16.95% as on 21 March 2019. GLNâs shares last traded at $0.0255 (up 4.082% intraday) with a market capitalization of circa $27.71 million as on 22 March 2019.
Lithium Consolidated Limited (ASX:LI3)
ASX listed exploration company, Lithium Consolidated Limited (ASX:LI3) has a portfolio of 50 granted Licenses for 8 new hard rock lithium projects in Zimbabwe as well as 16 hard rock lithium Licenses in Western Australia. Further, the company has New hard rock lithium License Applications in Mozambique. The company intends to be a leader in hard rock lithium in Zimbabwe and Mozambique. The Company owns a 100% interest in LCME Holdings Inc. and in West Resource Ventures Pty Ltd.
The company recently released its half-year results in which it reported operating loss $4,567,309 for H1 FY19. As at 31 December 2018, the company had net assets $1,526,165 which included cash assets of $1,045,504. The Company commenced a process to relinquish its Botswana Licenses following disappointing drilling results in the December 2018 half-year.
In the past six months, the share price of the company decreased by 43.21% as on 21 March 2019. LI3âs shares last traded at $0.046 with a market capitalization of circa $4.18 million as on 22 March 2019.
PepinNini Lithium Limited (ASX:PNN)
The exploration company, PepinNini Lithium Limited (ASX:PNN) recently announced that it will be undertaking a one for two pro rata non-renounceable offer of 409,337,218 shares (New Shares) to raise around $1.228 million (before costs). After the completion of the Offer and assuming maximum subscription, the Company will have an issue approximately 1,228,011,654 Shares.
For the half year ended 31 December 2019, the company reported a net loss of $895,285 as compared to $622,042 in the previous corresponding period (pcp). As at 31 December 2018, the company had total current assets of $515,423 and total current liabilities of $236,709.
In the past six months, the share price of the company decreased by 62.50% as on 21 March 2019. PNNâs shares last traded at $0.003 with a market capitalization of circa $2.46 million as on 22 March 2019.
Disclaimer
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.
