It probably won’t come as a surprise that PLS is a small lithium miner. Blue-chip stocks rarely run up 28% in a day, even on extremely positive news.
If natural gas prices skyrocket, it’s happy days for Santos shareholders. But if prices dive, sellers trying to get out could push the stock lower.
Champion Iron Ltd dropped as much as 10.4%, to a low a 90 cents, this morning. If the iron ore price spikes, then it’s likely CIA’s share price will too.
Newcrest Mining Ltd [ASX:NCM] dropped 6.4% to a low a $23.53 this morning. The stock is still up close to 17% year-to-date. But, has the gold miner taken a turn for the worse?
Fortescue Metals Group Ltd [ASX:FMG] tumbled down 7.7% to a low of $5.42 this morning. It seems like the iron ore miner’s share price edges lower on a daily basis.
For his tireless service to Rio and its shareholder, the company sent Walsh away with a parting gift. He received shares in the company and a bonus of around $27 million.
Iron ore miner Fortescue Metals Group [ASX:FMG] dropped 5.29% Wednesday morning, to $6.27 a share. The billion-dollar miner is still up 6.45% year-to-date, but that could change if the iron ore price continues to fall.
Tawana Resources is on track to become a producer in 2017. It has lithium projects in Western Australia and Namibia. Shares gained more than 8% today.
This morning, Queensland Bauxite announced that their investment in Medicinal Cannabis Ltd (MCL) was progressing.
Platina Resources Ltd [ASX:PGM] isn’t a little-known miner with a market cap of $32 million and plans to produce scandium, cobalt and nickel.