2 AIM-listed lithium penny stocks to buy in 2022 - Kalkine Media

January 07, 2022 06:01 AM GMT | By Suhita Poddar
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Highlights 

  • The global lithium market size is forecasted to grow at a rate of CAGR 8.1 per cent between 2021 to 2027.
  • The global Lithium market is expected to reach a size of US$ 6187.8 million by 2027

Lithium has gained significant attention from investors in recent times as the world is set to experience higher adoption of electric vehicles in the coming years. Lithium is a key component for EV batteries and also has uses in many other industries.

The global lithium market size is forecasted to grow at a rate of 8.1 per cent CAGR (compound annual growth rate) between 2021 to 2027, according to the latest research by Valuates Reports.

The report adds that the global Lithium market is expected to reach a size of US$ 6187.8 million by 2027, from its 2020 market size of about US$ USD 3483.5 million.

Amid this boom in the EV space, let us analyse the investment opportunities within these 2 FTSE listed lithium stocks, which have given a return of 60-200 per cent in the past one year:

  1. Zinnwald Lithium PLC (LON: ZNWD)

Zinnwald Lithium is a lithium-focused development company. It is a constituent of the FTSE AIM All-Share index.

The group had recently raised about £5.8 million (before expenses) from its placing and retail offer in December 2021. About 13.2 million placing shares were placed with the institutions and professional investors.

The retail offer raised about £1.8 million in gross proceeds, with retail investors subscribing to about 11.7 million retail shares.

 The fundraise is expected to aid the group’s advancement of its Zinnwald Lithium Project.

ZNWD share price and volume

Image source: Refinitiv

The group’s shares closed at GBX 19.00, down by 8.43 per cent on 6 January 2022. It has a market cap of £60.88 million as of date.

It has given shareholders a return of 62.53 per cent in last one year, as of 6 January.

Related Read: 4 FTSE lithium and battery stocks to supercharge your portfolio

  1. Kodal Minerals PLC (LON: KOD)

Another FTSE AIM All-Share index-listed firm, Kodal Minerals, is a lithium-focused exploration and development company.

In its latest interim results, the group stated it had received a mining license for its Bougouni Lithium Project. Also, it reported the final assay results of its Nielle Gold Project located in Cȏte d'Ivoire, where one of its intersections was 12m at 3.14g/t gold from 21m in drill hole NLRC038.

 KOD share price and volume

Image source: Refinitiv

The group’s shares closed at GBX 0.32, up by 3.87 per cent on 6 January 2022. It has a market cap of £49.08 million as of date.

It has given shareholders a return of 203.77 per cent in one year, as of 6 January.


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