2 Resource Sector Stocks- LI3 And GLV

  • Dec 28, 2018 AEDT
  • Team Kalkine
2 Resource Sector Stocks- LI3 And GLV

Lithium Consolidated Limited

Lithium Consolidated Limited (ASX: LI3) happens to be the exploration company. It possesses material assets in Zimbabwe, Mozambique, Nevada as well as in Western Australia. The company’s management team and Board possess a rich amount of experience when it comes to developing as well as financing the natural resource assets. As per the press release dated December 11, 2018, the company has managed to get twenty-one new Prospecting Licenses. These licenses have been secured by the company in eastern Zimbabwe. With the help of this, the company has also got Odzi West hard rock Lithium project which happens to be in eastern Zimbabwe.

Moreover, the company has also got ten other licenses. These licenses have been secured by Lithium Consolidated Limited at Bepe and Day Down projects. The company had also stated that it possesses 59 Licenses which covers 2,543 ha area in Mutare Greenstone Belt which is in eastern Zimbabwe.

Let us now understand how the stock of Lithium Consolidated Limited has been performing from the past few months. The market capitalization of Lithium Consolidated Limited stood at $6.36 million. In the time span of previous six months, the Lithium Consolidated Limited has delivered the return of -48.15%, and in the span of previous three months, it has delivered -13.58% return. However, in the previous one month, the stock generated the return of -10.26%. Li3’s stock traded at $0.070.

Global Vanadium Limited

Baraka (ASX: BKP) for happens to be a company which is engaged in the activities related to exploring, identifying as well as developing the energy and resource assets. The company’s activities are focused in Australia as well as on a global basis. It is also important to note that the company has opted to change the name to Baraka Energy & Resources Limited in 2011. This decision of the company has been taken so that the market players are aware of the company’s inclination towards global deployments with respect to energy and resource projects. Moreover, it also helps the company in the risk diversification. However, earlier the company was traded in the exchange under the symbol “BKP” but now the stock is listed on Australian Securities Exchange or ASX under the symbol “GLV”.

As per the annual report of the company for 2018, the company’s principal activities were focused on carrying out the activities in oil and gas exploration sector as well as in iron sands in the Australian region. The company posted a post-tax loss of $8,147,703 in FY 2018.

Let us now quickly understand how the stock as performed today. On December 28, 2018, Global Vanadium Limited (ASX: GLV) ended the session by witnessing strong uptrend. The stock price of the company settled at A$0.005 per share which implies the rise of A$0.001 per share or 25%. The market capitalization of Global Vanadium Limited stood at $11.3 million. The stock price of the company is trading towards the lower range. In the time span of previous six months, the stock has delivered the return of -33.33.


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