Insights

The Venture Minerals (ASX:VMS) share price has fallen 6% this week

This week hasn’t been a good one for Venture Minerals.
The post The Venture Minerals (ASX:VMS) share price has fallen 6% this week appeared first on The Motley Fool Australia. –

The Venture Minerals Limited (ASX: VMS) share price is struggling this week despite the company’s silence.

Since it finished last week’s trading for 9.2 cents apiece, Venture Minerals’ stock has fallen 6.52%.

Right now, the Venture Minerals share price is 8.6 cents.

Let’s take a look at what might be driving the company’s shares lower this week.

A quick refresher

Venture Minerals is a mineral explorer in the early stages of production.

The company mines iron ore at its Tasmanian Riley Ore Mine, with its first shipment due this month.

Additionally, Venture Minerals is exploring for tin and tungsten at the Mount Lindsay Project in Tasmania. According to Venture, Mount Lindsay is one of the world’s largest tin deposits.

It also has projects focused on gold, copper, nickel, and other minerals in Western Australia.

What’s Venture Minerals been up to lately?

Venture Minerals has maintained silence as its share price plummets this week.

However, last week was a busy one for the company.

Last Wednesday, Venture announced a drilling campaign at Mount Lindsay had successfully found a new skarn system. The skarn system is potentially tin bearing and is located nearby the Renison Tin Operation. The company stated Renison was one of the world’s largest and highest-grade tin mines.

The Venture Minerals share price gained 7% after the company announced the discovery.

Not to mention, over 25 million of the company’s shares were traded last Wednesday. For comparison, the average month sees around 16 million Venture shares swapping hands.

Then, Venture Minerals unveiled its New World Metals Conference presentation on Thursday.

Despite the presentation containing plenty of seemingly positive news, Venture Minerals’ shares fell 4% the day it was released.

Venture Minerals share price snapshot

Despite its poor performance this week, the Venture Minerals share price is well and truly in the ASX green.

Right now, the company’s share price is 76% higher than it was at the start of 2021. It has also gained 193% since this time last year.

The post The Venture Minerals (ASX:VMS) share price has fallen 6% this week appeared first on The Motley Fool Australia.

Should you invest $1,000 in Venture Minerals right now?

Before you consider Venture Minerals, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Venture Minerals wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

Fenix Resources (ASX:FEX) share price eyes 16% maiden dividend
Why has the Wesfarmers (ASX:WES) share price tumbled 14% in a month?
Why the Iress (ASX:IRE) share price has shed 11% in a month
Here’s why the Deep Yellow (ASX:DYL) share price is up 50% this month
Strike (ASX:STX) share price climbs on green hydrogen announcement

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned.

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!