ASX:GXY Archives - Money Morning Australia

14/01/2021

General Motors Unveils Electric Future — The Potential Lithium Boom

GM (the renowned carmaker) has made a huge splash at CES. Sharing their tech-centric vision for the future of the automotive industry. It’s pretty damn clear that GM is going all in on the electric vehicle trend...

Lachlann Tierney

11/08/2020

Galaxy Resources Share Price Retracing after Strong Run Up (ASX:GXY)

At time of writing, the share price of Galaxy Resources Ltd [ASX:GXY] is down 1.59%, to trade at $1.24 apiece. You can see the GXY share price spiked strongly starting in July then punched through resistance at around $1.10...

Ryan Clarkson-Ledward

07/07/2020

Galaxy Resources Shares Rise as It Plows Ahead with Lithium Plan

A few years ago, lithium was the talk of the town. That hasn’t stopped lithium miners like Galaxy Resources Ltd [ASX:GXY] from giving up though, one of the few big names in lithium that is still committed to the sector...

Lachlann Tierney

12/06/2020

Liontown Resources Share Price Continues to Plummet (ASX:LTR)

The share price of battery metals explorer and developer Liontown Resources Ltd [ASX:LTR] has dropped for the second day in a row following its investor presentation. Today’s loss of 12.5% or 1.5 cents per share comes on the back of LTR’s official addition...

Lachlann Tierney

07/08/2019

Lynas Shares Rising on Licence Extension Headlines

Earlier this morning, Lynas issued a pause in trading pending an announcement. This announcement ended up being a comment from the company on the ‘recent media coverage’ of the Malaysia agreement, urging shareholders to ‘not rely on media speculation’. We look at the sector as a whole.

Lachlann Tierney

24/07/2019

Orocobre Share Price Down over 40% in 12 months: Lithium Disappoints

It has been a difficult 12 months for the Orocobre share price, which is down more than 40% in the last 12 months. In Orocobre’s latest quarterly report, the company outlined reduced production and soft lithium prices. While demand for lithium is still...

Lachlann Tierney

16/07/2019

Galaxy Resources Share Price Up on Quarterly: Lithium vs. Nickel

It remains one of the most shorted stocks on the ASX, indicating that there are some large bets on a further decline. Today, we look at the highlights from Galaxy Resources’ quarterly update and have a look at why interest in lithium has waned. We conclude by looking at nickel’s prospects.

Ryan Clarkson-Ledward

11/07/2019

Cyprium’s Share Price Up 22.22% on Drilling Commencement News

t was made clear in the presentation that copper would be the frontrunner in many of Cyprium’s future projects, with the company intending to focus on Australian projects with ‘existing copper resources with growth potential’.

Ryan Clarkson-Ledward

30/05/2019

Galaxy Resources’ Share Price Up after Trading Pause | ASX:GXY

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.

Ryan Clarkson-Ledward

17/05/2019

Galaxy Resources Share Price Up, Becomes Alliance’s Biggest Shareholder

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%.