Insights

Up 240% in June, the Fertoz (ASX:FTZ) share price hit a 52-week high today

The organic fertiliser company has made impressive triple-digit returns this year
The post Up 240% in June, the Fertoz (ASX:FTZ) share price hit a 52-week high today appeared first on The Motley Fool Australia. –

Its been an explosive month for Fertoz Ltd (ASX: FTZ) shares, surging 240% in June to a 52-week high today.

Shares in the organic fertiliser producer shot up 31% this morning, touching a high of 19 cents apiece. At the market close today, the Fertoz share price had lost some ground and was trading at 16.5 cents, up 13.7%.

Fertoz aims to tackle the issue of high carbon emissions from agriculture through its organic rock phosphate fertiliser product. The company is currently focused on supplying the North American and Australian organic and conventional agricultural markets.

Let’s take a closer look.

What did Fertoz announce today?

In an announcement to the ASX today, Fernoz provided an update on its plans to start mining operations at its Fernie Mining Project.

The Fernie project is a large phosphate deposit located in British Columbia, Canada.

According to the release, Fertoz plans to start phosphate mining and extraction operations at Fernie in July 2021 to meet increasing customer demand.

The company said that orders and contracts through the second quarter “have again been very strong” with more than 10,000 tonnes of organic rock phosphate due for filling and delivery.

What did management say?

Fertoz sales vice-president Sean Gatin welcomed the news, saying:

It has long been Fertoz’s strategy to open and use Canadian mines to supply Canada, and focus on Montana and Mexico mines for the US market. These improved volumes will allow opening and long term mining of our leases in the Fernie area.

Fertoz share price surges in 2021

It’s been a good year so far for the Fertoz share price, which has lifted ~183% year-to-date to a 52-week high of 19 cents.

Back in March, the company announced that it had experienced a “record start to 2021”, seeing strong demand from North America, Australia and Philippines markets.

The post Up 240% in June, the Fertoz (ASX:FTZ) share price hit a 52-week high today appeared first on The Motley Fool Australia.

Should you invest $1,000 in Fertoz right now?

Before you consider Fertoz, 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 Fertoz 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 May 24th 2021

More reading

ASX gold shares could be in for a lift: Saxo Markets

Liontown (ASX:LTR) share price hits new 52-week high
The Greenvale (ASX:GRV) share price hit a new 52-week high today
ASX gold miners like Regis (ASX:RRL) hit a 52-week low today
2 quality ETFs for the new financial year

Motley Fool contributor Kerry Sun 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!