Insights

Up 2,146% in 1 year, Vulcan Energy (ASX:VUL) share price falls on dual listing news

Listing on multiple exchanges can increase a company’s profile and liquidity.
The post Up 2,146% in 1 year, Vulcan Energy (ASX:VUL) share price falls on dual listing news appeared first on The Motley Fool Australia. –

The Vulcan Energy Resources Ltd (ASX: VUL) share price is falling in morning trade, down 3.55%.

Below we take a look at the ASX energy share’s proposal for a dual listing.

What did Vulcan propose?

Vulcan Energy’s share price is sliding after the company announced it has applied to dual list on the Frankfurt Stock Exchange (FSE). Vulcan intends to list in the Prime Standard market segment with high transparency requirements.

The company said the dual listing will boost its international profile and open the door for European investors to easily access shares.

Joh. Berenberg, Gossler & Co. KG (Berenberg) – the world’s oldest merchant bank – has been appointed as listing advisor.

Commenting on the dual listing, Vulcan’s managing director Francis Wedin said:

Given the German base and role in the EU energy transition of our Zero Carbon Lithium Project, Vulcan is aiming to increase its European investor base and international exposure, whilst meeting and exceeding the highest standards of governance, reporting and transparency.

This planned dual listing on the regulated exchange of the FSE, a first for any Australian company, will assist with this process. We look forward to working with Berenberg and our other advisors on this process, in what we hope will be an exciting next step for all shareholders as the company evolves.

Vulcan said it expects the listing process to take 6–9 months. Once completed, Vulcan will be the first Aussie company listed on the regulated market of the FSE.

Vulcan Energy share price and company snapshot

Vulcan Energy is working to supply the European electric vehicle revolution with lithium to power the batteries. The company’s goal is to become the world’s first lithium producer with net zero greenhouse gas emissions.

And its shares have been going gangbusters.

Vulcan Energy’s share price has gained an eye-popping 2,146% over the past 12 months. Over that same time the All Ordinaries Index (ASX: XAO) is up 25%.

Year-to-date the Vulcan Energy share price has continued to outperform, up 378% in 2021.

The post Up 2,146% in 1 year, Vulcan Energy (ASX:VUL) share price falls on dual listing news appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of May 24th 2021

More reading

The Vulcan Energy (ASX:VUL) share price is rocketing 14% higher
Here are the top movers in the ASX 300 today

Why AnteoTech, BetMakers, News Corp, & Vulcan shares are racing higher

Why the Vulcan (ASX:VUL) share price is running hot in August
Why Argosy Minerals, Genworth, Vulcan, & Zip shares are charging higher

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!