Galaxy Resources Ltd [ASX:GXY] shares are in a trading pause as the market waits for their next announcement. At time of writing, Galaxy’s share price is hovering around $1.54 apiece.
ASX-listed lithium producer Galaxy Resources [ASX:GXY] confirmed its interest in Alliance Minerals Assets ltd [ASX: A40] via a placement of new shares, making Galaxy the biggest shareholder.At the time of writing, Galaxy Resources share price is trading slightly higher to $1.65, up 0.61%.
Today, Galaxy Resources Ltd [ASX:GXY] gave an update on operations at its Mt Cattlin Project, in Ravensthorpe, Western Australia.At the time of writing, Galaxy Resources’ share price is trading 2.80% higher at $1.66 per share.
This morning Galaxy Resources Ltd [ASX:GXY] held an investor conference call at 11:00am AEST to discuss its quarterly results, which will be released Thursday, 18 April 2019. Galaxy Resources’ share price has recently traded with volatility, most likely on account of...
Galaxy's share price has sunk 40% in its past 12 months of trading.The market has struggled to find value in the global miner despite reasonable financial results and a slew of what should have been perceived as good news.
After receiving the final settlement for its sale of assets to POSCO, shares of Galaxy Resources have been down. Earlier this morning shares dropped as low as $2.13, six cents down from yesterday’s close. At time of writing, Galaxy Resources share price has just reached that previous closing price of $2.19.
Upon resuming trade, Galaxy Resources share price has jumped up 4.72%, and is currently trading at $2.22 per share. In an update made this morning, Galaxy announced it has completed the sale of tenements to POSCO, following the registration of the tenement and usufruct transfers.
At time of writing, shares of Galaxy Resources Limited [ASX:GXY] have entered a trading halt pending an announcement. While it is pure speculation at this stage, there are a couple of options on the table.
One of Australia’s most successful lithium mining companies, Galaxy Resources, has had a disappointing start to 2019 following the decline on Wednesday. The company has been in decline much of the previous year, which is closely tied to falls in the overall price of lithium.
At time of writing, the share price of Galaxy Resources Limited [ASX:GXY] is up a meagre 1.36%, trading at $2.24 per share. The latest news was thoroughly positive, but markets greeted it with a shrug. This article looks at what could be behind this.