Santos Limited [ASX:STO] share price has increased by 16.47% today. Shares are currently trading at $5.91, after closing last week on $5.07. The Adelaide-based company is the country’s third-largest energy producer, with a market cap of $12.30 billion.
Regis Resources was founded in 1988 and specialise in the basic material sector. Their market cap is worth $2.335 billion and enterprise value currently stands at $2.08 billion.
Today Rio Tinto Ltd [ASX:RIO] have dropped by 4.85% in share value. Despite the drop Rio Tinto are trading at a much higher value, as in March last year their shares were trading at $60.46, now they are worth significantly more, trading at $73.50 a share.
Newcrest Mining Ltd [ASX:NCM] has increased slightly by 1.44%, this morning. They sit on a market cap of $15.071 billion, while trading at $19.66 a share. Newcrest mining was founded in 1966. They sell a variety of copper and gold while specialising in mining development and exploration. Why the increase? Find out...
This morning Iluka Resourced Ltd [ASX:ILU] slightly fell in share value, dropping by 0.55%. Despite the small dip, they’re still trading at a higher value than they were last month. Why did the Iluka Share Price dip? During the month…
Woodside are hoping their stake will enable them to control 75% of a permit which will contain the majority of the Scarborough gas field. The deal is set to be complete by the end of the month.
Lynas was incorporated in 1983, and specialise in engaging exploration development as well as processing rare earth minerals across Australia and Malaysia.
While there is a lot of uncertainty around markets right now, a good strategy is to go for relative value. Right now, gold reflects good relative value. That is, relative to other asset classes, gold looks the least risky in terms of valuation. There are reasons to believe that gold is readying for a major breakout. If that happens, the price will move higher, very quickly.
Mining giant Independence Group NL [ASX:IGO] continues to stay ahead of the game, as their shares slightly increased by 0.80% this morning
Trump doesn’t realise the debt he borrowed to build his property empire came courtesy of the US dollar standard. And he obviously doesn’t realise the debt he needs to borrow as President comes courtesy of that same standard. Right now, markets don’t appear as terrified as they could be. In a highly leveraged global economy, the threat of a trade war should be a big concern for the equity market.