6 Lithium Stocks Starting With ‘A’ – AJM, ADN, ASN, ADV, ARE, AGY

ALTURA MINING LIMITED (ASX:AJM) – During the year funds were sourced from a $26 million placement and a funding facility of a US$ 110 million. The company’s cash and cash equivalents are at $28.999 million, as at the end of the period June 30, 2018. During the year ended June 30, 2018, the group has, however, made an operating loss of $12,816,965, and, from the board’s end there were no dividends paid or declared for the financial period ended 30 June 2018. The revenue and sundry income increased slightly from $1,600,959 in 2017 to $1,675,168 in 2018. The stock has slipped lower, down by -2.22 percent, to trade at $0.220 as at October 18, 2018, trading near its 52-week low. Since inception the stock has seen a performance change of 54.07%.

ANDROMEDA METALS LIMITED (ASX:ADN) – Within the Poochera Kaolin? Halloysite Project, Andromeda Metals has recently announced that the bulk sampling operation has commenced at Carey’s Well. The company had cash and cash equivalents at $861,211, as at end of quarter June 30, 2018, the company has no debt which represents a decent balance sheet. The net result of operations for the year was a loss after income tax of $832,707 compared to the 2017 loss of $6,908,847. the directors do not recommend the payment of dividends in respect of the financial year, and no dividends were paid or declared since the start of the financial year. The stock has a flat daily price change, to remain at $0.006 as at October 18, 2018 trading very close to its 52-week low. Since last one year the stock has seen a performance change of 9.09%.

ANSON RESOURCES LIMITED (ASX:ASN) – The revenue from continuing operation increased from $3,530 in 2017 to $26,869 in 2018. The total loss from continuing operations after income tax expense was up from $1,744,915 in 2017 to $4,354,151 in 2018 resulting into a basic and diluted loss per share of (1.1) cents per share and (1.28) cents per share in the same years respectively. The current cash and cash equivalents at the end of financial year is $1,656,320 with zero or no debt facility, it represents a healthy balance sheet as at June 30, 2018. The stock had a surge of 1.351% as at October 18, 2018, to trade at a market price of $0.075. Since last one year the stock has seen a performance change of 9.09%.Â

ARDIDEN LTD (ASX:ADV) – The net cash and cash equivalent saw an increase of 365% from $1,487,160 in June 30, 2017 to $6,919,138 at June 30, 2018. The net assets also increased from $5,537,689 in 2017 to $13,920,596 in 2018 by 151% representing the ability to pay short term debt obligations. However, the revenue remained positive but decreased from $47,561 in June 2017 to $10,551 in June 2018 stating a decline of 78%. Resulting to which the net loss after tax increased from ($701,453) in 2017 to ($2,755,449) in 2018 as of which no dividends were paid during the year and no recommendation is made as to dividends. The stock had flat daily price change as at October 18, 2018 is at $0.007 trading very close to its 52-week low. Since last one year the stock has seen a performance change of -53.33%.

ARGONAUT RESOURCES NL (ASX:ARE) – The cash and cash equivalents at the end of the financial year $5,335,855 with no debt facility represented a decent balance sheet. The group has incurred net losses after tax of $2,529,286 in 2018 from 2017 loss of $2,070,049. For the year ended 30 June 2018, net cash outflows from operating and investing activities of $2,712,925 compared to 2017 activities of $1,810,636. There were no dividends paid, recommended or declared during the current or previous financial year. Preparations for a major drilling program are well advanced and before the end of calendar year 2018 drilling is expected to commence. The stock had a decline of -4.545% as at October 18, 2018 was trading at $0.021. Since last one year the stock has seen a positive performance change of 46.67%.

ARGOSY MINERALS LIMITED (ASX:AGY) – Company’s net loss decreased from the half year ended June 30, 2017 of ($1,766,072) to ($1,668,972) in June 30, 2018. No dividends have been paid, recommended or declared in respect of the half year. The cash and cash equivalents at the end of the financial year $7,336,762 with no debt facility representing a decent balance sheet. The company has achieved a significant milestone, after the confirmation of successful production of initial ‘battery grade’ specification LCE product from the Stage 1 plant at its Rincon Lithium Project, located in Salta Province, Argentina, with a market capitalization of $193.93m. The stock had a flat change of 0% as at October 18, 2018 was trading at $0.210. Since inception the stock has seen a positive performance change of 478.51%.

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