Insights

Why Aurizon, De Grey Mining, Lynas, and Yancoal shares are falling

These ASX shares are out of form on Friday…
The post Why Aurizon, De Grey Mining, Lynas, and Yancoal shares are falling appeared first on The Motley Fool Australia. –

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) has run out of steam and is edging ever so slightly lower. At the time of writing, the benchmark index is down to 7,414.6 points.

Four ASX shares that are falling more than most today are listed below. Here’s why they are tumbling:

Aurizon Holdings Ltd (ASX: AZJ)

The Aurizon share price is down 6% to $3.66. This is despite the rail freight operator announcing a major acquisition. Aurizon has signed an agreement with Macquarie Group Ltd (ASX: MQG) subsidiary Macquarie Asset Management to acquire One Rail Australia for $2.35 billion. Management believes the acquisition is highly strategic and transformative for Aurizon. Though, it appears as though the market isn’t overly convinced. This may be due to the company needing to offload some of the acquired assets to ease competition concerns.

De Grey Mining Limited (ASX: DEG)

The De Grey Mining share price has tumbled 9% to $1.10. This morning the gold explorer announced the successful completion of its fully underwritten $125 million institutional placement at a price of $1.10 per new share. This represents a 9% discount to its last close price. These funds will be used partly to fund the commencement and completion of the prefeasibility study of the Mallina Gold Project.

Lynas Rare Earths Ltd (ASX: LYC)

The Lynas share price has dropped 9% to $6.76 following the release of its first quarter update. For the three months ended 30 September, the rare earths producer reported sales revenue of $121.6 million. This was down 34.5% quarter on quarter. Things were even worse for its sales receipts, which fell by over 50% quarter on quarter to $92 million.

Yancoal Australia Ltd (ASX: YAL)

The Yancoal share price has sunk 9.5% to $3.03. This may have been driven by reports in China that coal producers in the country have agreed to observe a price ceiling for thermal coal ahead of the winter heating season.

The post Why Aurizon, De Grey Mining, Lynas, and Yancoal shares are falling 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 August 16th 2021

More reading

These 3 ASX 200 shares are topping the volume charts this Friday

ASX 200 (ASX:XJO) midday update: BHP and Rio Tinto fall, Qantas higher

Lynas (ASX:LYC) share price falls 7% on news of COVID-induced shutdown

De Grey Mining (ASX:DEG) share price sinks 9% after raising $125m

Aurizon (ASX:AZJ) share price rises amid transformative $2.35bn acquisition

Motley Fool contributor James Mickleboro 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 recommended Aurizon Holdings Limited. 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!