|Bid||42.55 x 0|
|Ask||42.56 x 0|
|Day's Range||40.60 - 43.29|
|52 Week Range||19.21 - 44.97|
|Beta (5Y Monthly)||1.17|
|PE Ratio (TTM)||94.16|
|Earnings Date||Oct 29, 2019|
|Forward Dividend & Yield||0.30 (0.72%)|
|Ex-Dividend Date||Jul 26, 2019|
|1y Target Est||36.28|
London-listed Bacanora Lithium plans a $300 million capital raise early next year and says a deal with China's Ganfeng Lithium Co Ltd puts it in a better position to raise cash than when it cancelled a smaller share sale last year. Bacanora's Sonora lithium project in Mexico is one of many that have fallen behind schedule as production of the battery mineral tests traditional mining skills and the market is volatile because of uncertainty about supply and demand. After withdrawing a planned London $100 million capital raise in July 2018, Bacanora announced in June this year it had reached an investment and offtake agreement with Ganfeng Lithium, one of the world's biggest lithium producers.
Lithium Americas Corp on Monday boosted its budget and production forecast for Argentina's Cauchari-Olaroz lithium brine project, a bullish move linked to the electric vehicle revolution, sending its shares up more than 4 percent in after-hours trading. The move is a tacit bet by the company and partner Ganfeng Lithium Co Ltd that a projected surge in long-term demand for the white metal will overcome any short-term concerns about Argentina's economy. Embattled President Maurio Macri has initiated capital controls to protect the peso currency and is expected by many to lose re-election next month.
Lithium Americas Corp, which is developing lithium projects in Argentina and Nevada, said on Wednesday that its quarterly loss shrank as costs fell and sales rose, and that its chief executive would retire. The company is one of a handful of junior miners around the world working to develop mines for lithium, a key metal used to make electric vehicle batteries. The Vancouver-based company said CEO Tom Hodgson is retiring effective immediately and will be replaced by Jonathan Evans, who has been the company's president and chief operating officer since last September.
General Lithium Corp, China's fourth-biggest lithium producer, plans to start building a plant to convert mineral ore to lithium that will more than triple its capacity by the end of 2020, a company official said on Friday. The plant will convert spodumene, a hard-rock mineral mined for lithium, into 60,000 tonnes of lithium carbonate equivalent (LCE) per year in the city of Yichang, in central China's Hubei province, said the official, who asked not to be identified, during an interview on the sidelines of an industry conference. The expansion, from General Lithium's current capacity of 22,000 tonnes of LCE per year, mounts a challenge to competitors Ganfeng Lithium Co and Tianqi Lithium , two of the world's biggest producers, although all major lithium firms are expanding due to rising demand for the metal used in batteries for electric vehicles.
* PREVIOUS TRADING SESSION MOVES: * SSEC +0.9 pct, CSI300 +1.0 pct, HSI -0.2 pct * HK- Shanghai Connect daily quota used 0.5 pct, Shanghai- HK daily quota used 2.6 pct * HK- Shenzhen Connect daily ...
April 7 (Reuters) - Ganfeng Lithium Co Ltd: * SAYS IT SIGNS MOU WITH VOLKSWAGEN AG TO OFFER LITHIUM RELATED PRODUCTS TO THE LATTER IN NEXT TEN YEARS Source text in Chinese: http://www.szse.cn/disclosure/listed/bulletinDetail/index.html?4dc9b56e-8946-4e0c-ba22-d735d6193591 ...
April 1 (Reuters) - Ganfeng Lithium Co Ltd: * SAYS ITS NETHERLANDS UNIT TO INVEST $160 MILLION IN ARGENTINA'S MINERA EXAR * SAYS ITS NETHERLANDS UNIT TO OWN 50 PERCENT STAKE IN MINERA EXAR AFTER TRANSACTION ...
GFL agrees to subscribe for newly issued shares in Minera Exar, the holding company for Caucharí-Olaroz, for consideration of US$160 million. Lithium Americas and Ganfeng Lithium to form 50/50 joint venture. Upon closing, LAC and GFL will each own a 50% equity interest in Caucharí-Olaroz, adjusted from the current 62.5% and 37.5% interests, respectively.
* PREVIOUS TRADING SESSION MOVES: * SSEC -0.9 pct, CSI300 -0.4 pct, HSI +0.0 pct * HK- Shanghai Connect daily quota used -1.7 pct, Shanghai- HK daily quota used 0.2 pct * HK- Shenzhen Connect ...
(Refiles with more bullet points, links) March 28 (Reuters) - Ganfeng Lithium Co Ltd: * SAYS 2018 NET PROFIT DOWN 16.7 PERCENT Y/Y * SAYS IT OR UNITS PLAN TO INVEST UP TO $500 MLN DEBT FINANCING INSTRUMENTS ...
March 7 (Reuters) - Ganfeng Lithium Co Ltd: * SAYS IT PLANS TO BOOST HONG KONG UNIT GFL INTERNATIONAL'S CAPITAL BY $500 MILLION Source text in Chinese: http://tinyurl.com/y3vpuxj5 Further company coverage: ...
* PREVIOUS TRADING SESSION MOVES: * SSEC +0.4 pct, CSI300 -0.2 pct, HSI -0.1 pct * HK- Shanghai Connect daily quota used 6.2 pct * HK- Shenzhen Connect daily quota used 3.9 pct, Shenzhen- HK daily ...
Feb 27 (Reuters) - Ganfeng Lithium Co Ltd: * SAYS PRELIM 2018 NET PROFIT DOWN 17.2 PERCENT Y/Y AT 1.2 BILLION YUAN ($179.68 million) Source text in Chinese: https://bit.ly/2T25O0h Further company coverage: ...
Jan 29 (Reuters) - Ganfeng Lithium Co Ltd: * SAYS IT SEES 2018 NET PROFIT AT 1.18-1.76 BILLION YUAN VERSUS NET PROFIT OF 1.47 BILLION YUAN ($218.40 million) YEAR EARLIER Source text in Chinese: https://bit.ly/2TfDO5r ...