The funds will be used to advance the company’s Lachlan Fold Belt projects in New South Wales. If a company chooses to publish the data, it’s usually once a year in their Annual Report. Top 10 Performing ASX Companies Today With Market Cap Above AUD 50M. Constituents change regularly and can be verified on the ASX website.
ASX small cap silver plays. Companies are not obliged to report this data. If a company chooses to publish the data, it's usually once a year in their Annual Report. Archtis (ASX:AR9) Software play AR9 surged 27.1 percent today. Stockhead's morning newsletter makes things simple: Markets coverage, company profiles and industry insights from Australia's best business journalists - all collated and delivered straight to your inbox every morning. For investors, getting access to the right information is critical. Sort alphabetically, by performance or market cap. This field is for validation purposes and should be left unchanged.Investors are throwing cash at ASX listed gold companies
About 45 per cent of the ASX’s 700 or so mining stocks made gains in the past year.Tungsten Mining recently closed a $20 million capital oversubscribed by more than double after announcing plans to buy the Vital Metals has not been so lucky, with its share price dipping 9 per cent during the same period. Stockhead is providing factual information where there is a reasonable likelihood of doubt. As most would know, long-term fundamentals have a strong correlation with market price movements, so we decided to look at the company's key financial indicators today to determine if they have any role to play in the recent price movement.
Biotech Aroa Biosurgery (ASX:ARX) said today it didn’t expect any disruption to its operations because it falls into the essential business category.. It's free. Unsubscribe whenever your want. All data is manually compiled so there might be a delay between the Annual Report being published and the data appearing on Market Index (7 days for ASX … Stockhead is providing factual information where there is a reasonable likelihood of doubt. That has given silver a kick too,” he said.The physical silver market is currently around 1 billion ounces a year, and seven times larger than the gold market, but the price of gold is 80 times that of silver, Karp said.Investor demand for silver in the form of exchange traded funds is also rising.Another bullish factor for silver arises from the impact of the COVID-19 pandemic, which is affecting production at mines in Central and South America.“Silver production has declined for the 5th year in a row and is set to be 5 per cent lower this year,” Karp said.Mithril last week started drilling at its Copalquin gold and silver project in the west of Mexico after raising $3.5m from investors, and results from this exploration are expected by the end of August, the company said.Copalquin is home to more than 32 historic gold and silver mine workings and is within the Sierra Madre gold-silver trend that hosts Coeur Mining’s Palmarejo and Agnico Eagle’s Altos mines.“The nature of silver is that it tends to be particularly volatile, so the price movements are quite exaggerated compared to the gold price,” Gavin Wendt, director and senior resource analyst at MineLife, said.Silver has traditionally lagged gold in terms of price movement, either up or down, and so when gold takes off in price, it takes time for silver to catch up, he said.“What we have seen in the past 12 months is the silver price took a long time to start moving, and it was around March or April that it started to move in line with gold,” Wendt said.Experts say the long-term mean for the ratio is about 60:1, silver to gold.“We had the gold-silver ratio trading at double the long-term average, and something had to give,” Wendt said.“When investors see the silver-gold ratio blow out, people switch from gold to silver, taking some profits on gold,” he said.The post-global financial crisis period saw both silver and gold perform strongly.The price of silver hit a record of $US46.50/oz in March 2011.Wendt said he believed there was a lot more upside for silver prices than for gold, despite “It’s impossible to see [interest rates] rising in the next five years, and they could go negative, and that drives the performance of precious metals,” he said.“There certainly are the ingredients for a sharp spike in gold and silver prices,” Wendt said.“There is capacity for new buyers to come into the market, and there is the possibility for existing investors to increase their holdings, and for hedge funds to significantly increase their bets on silver and gold,” Wendt added.Get the latest Stock & Small Caps news and insights direct to your inbox.