Hello everyone, great to have your company on Kalkine TV. I'm Sage and you’re watching
Buzzing Trends. Today we are going to talk about listed ASX-listed Graphite
stocks to watch out in June 2022. Before that let’s look at the
performance of benchmark ASX/200 and mining and metals sector.
The Australian equities were trading on the higher side as the benchmark index ASX 200 is up today,
gaining 51.10 points or 0.71%. 10 of 11 sectors are higher along with the
S&P/ASX 200 Index. The Information Technology is the best performing sector, gaining 2.39% today
and 0.85% for the past five days. These days, ASX investors have been focusing on green metals,
including Lithium and various others. Though Graphite doesn't fall in the metal category,
Graphite stocks have been attracting investors for a while now. It is partly because of its use in
Lithium-ion batteries used in electric vehicles. As electric cars are gaining popularity worldwide,
there are predictions that Graphite demand will rise further in the future. In this backdrop,
let us look at three ASX-listed Graphite stocks that have been on investors'
radar. These three stocks include: Renascor Resources, Novonix, and Syrah Resources.
Starting the show with Novonix. It is an ASX-listed battery materials and
technology company assisting an electrified future for EVs and grid energy storage.
The company has a market capitalisation of AU$1.73 billion. Novonix shares traded 1.12% lower
at AU$3.53 on 2nd June. The stocks during the afternoon session were trading at AU$3.66 up by
3.98% today. In the last one year, the share price of Novonix has gained roughly 49.58%,
while the stock is down up to 66.44% year-to-date.
Now moving on to, Syrah Resources. The company has a market capitalisation of AU$1.09 billion. The
industrial minerals & technology company is known for its flagship Balama Graphite Operation in
Mozambique and a downstream Active Anode Material facility in US. The shares of Syrah Resources
were trading 1.82% lower at AU$1.61 per share on 2nd June. Today, Syrah resources reversed
yesterday’s losses and was trading at AU$1.63 up by 1.69% during the afternoon session. Its
shares have gained 49.07% in the last one year, while the stock is down 16.58% year-to-date.
Lastly, we discuss about, Renascor Resources. The ASX-listed Australian company is involved in the
exploration of Graphite, uranium, copper, gold, and other minerals. The company has a market
capitalisation of AU$463.03 million. Renascor Resources' shares were seen trading 1.16%
lower at 21 cents per share on 2nd June. Today, they were trading at 22 cents up by 5.71% during
the afternoon session. The share price of Renascor Resources has gained almost 135%
in the last one year. Meanwhile, the stock is up close to 17% year-to-date.
To sum it up, graphite is widely used in the steel and automotive industries. Though, Australia
doesn't produce graphite yet. Still, many market watchers believe graphite miners and explorers
will be able to ride on the increasing demand for electric vehicles. It'll be interesting to see how
these stocks perform in the future. Well, That’s all for now. We will be back with our Buzzing
Trends show to share the latest market insights with you. Till then, Stay tuned with Kalkine
TV for more stock, business and economy related hot trends.