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Highlights
- ASX 200 Materials Index closed in green at 17,838, up 3.52% or 606.70 points.
- Materials was the best performing sector today, gaining 3.19% and rebounding from its recent decline.
- ASX-listed lithium stocks like Core Lithium and Pilbara Minerals also closed in green today.
On Thursday (28 April 2022), the ASX 200 Index closed in the green, up 1.32% or 95.70 points at 7.356.90.
The Australian stock market signalled a comeback following three straight days of heavy losses. A rise in commodities prices and buoyant US tech earnings added to the positive vibes.
Simultaneously, ASX 200 Materials Index also closed in green at 17,838, up 3.52% or 606.70 points. Materials was the best performing sector today, gaining 3.19% and rebounding from its recent decline. This sector was 5.10% down for the past five days.
In this article, we will talk about the performance of three ASX-listed lithium stocks. These include Core Lithium Ltd, Pilbara Minerals Limited and Liontown Resources Limited.
Image Source: © 2022 Kalkine Media ®
Core Lithium Ltd (ASX:CXO)
Core Lithium Ltd is an Australian mineral exploration company. The company focuses its efforts in the Northern Territory (NT) and South Australia on the Finniss Lithium Project and other potential opportunities.
On Wednesday (27 April 2022), the company shared its quarterly activities report for the three months ended 31 March 2022.
During the March quarter, Core concentrated on various activities to progress the building stage of its wholly owned Finniss Lithium Project in the Northern Territory, located near Darwin.
Key highlights
Image Source: © 2022 Kalkine Media ®
Data Source- Company announcement dated 27 April 2022
Stock performance: Today (28 April 2022), Core Lithium's shares closed 1.1% higher at AU$1.38 apiece. The company has a market capitalisation of AU$2.33 billion.
The shares have grown around 133% YTD and provided around 380% returns in the last one week.
Pilbara Minerals Limited (ASX:PLS)
Pilbara Minerals Limited is a mineral exploration, development, and operations firm based in Australia. The corporation wholly owns the Pilgangoora lithium-tantalum project in Western Australia. Pilbara was founded in 2005 and is headquartered in West Perth.
Today (28 April 2022), Pilbara shared its March 2022 quarterly updates. The company informed that despite the impact of COVID, production guidance was met, with lithium prices continuing to rise to new highs and important mid and downstream projects moving forward.
Also Read: Pilbara (ASX:PLS) achieves production guidance amidst COVID-19
Key points
Image Source: © 2022 Kalkine Media ®
Data Source- Company announcement dated 28 April 2022
Stock performance: Pilbara Minerals' shared last exchanged hands at AU$2.69 each, up 3.46% on ASX today. The company's shares have recorded negative growth of around 16% YTD. However, the shares have climbed around 126% in the last one year.
Liontown Resources Ltd (ASX:LTR)
Liontown Resources Limited specialises in the exploration and development of battery metals. The company has discovered a Tier-1 discovery at its Kathleen Valley Lithium-Tantalum Project in Western Australia.
Liontown Resources has also shared its March 2022 quarterly report today (28 April 2022).
Highlights
Image Source: © 2022 Kalkine Media ®
Data Source- Company announcement dated 28 April 2022
Stock performance: Liontown Resources' shares last traded at AU$1.43 each, up 0.70% on ASX. The company has provided around 302% returns to its shareholders in the last one year, and posted a negative 13% YTD returns.
Also Read: SYA, CXO, PLS: Why are these ASX lithium stocks trading in red today?
