Insights

Why did the Talga (ASX:TLG) share price fall today?

The Talga (ASX: TLG) share price was down 3.56% at the close today as investors digested the company’s quarterly report.
The post Why did the Talga (ASX:TLG) share price fall today? appeared first on The Motley Fool Australia. –

Fall in ASX share price represented by white arrow pointing down

The Talga Group Ltd (ASX: TLG) share price spent this afternoon in the red before closing 3.69% lower at $1.57.

The company released its quarterly report after the market closed on Friday, so today was the first opportunity for investors to trade on the news. As such, the Talga share price underperformed compared to the All Ordinaries Index (ASX: XAO), which closed just 0.05% lower today.

Talga is a minerals tech company with operations including graphite exploration and development in Sweden and graphite or graphene research and development in Germany and the United Kingdom.

What happened during the quarter?

During the quarter ending 31 March 2021 (3Q FY21), the company started constructing its fully-funded Swedish Electric Vehicle Anode qualification plant. So far, the project remains on schedule with the equipment for the plant expected to be delivered by quarter 4 this financial year.

Furthermore, graphite ore from the company’s Vittangi project arrived at its Scandinavian mineral processing partner for milling and concentration. Talga expects the outcomes to be known around the first quarter of FY22.

The applications permitting the company to advance and continue mining at its Vittangi project also arrived this quarter. This, in turn, enabled the company to prepare for its 25,000-tonne trial graphite mine at Vittangi.

Talga noted that its Vittangi anode production path has been pushed back during the quarter due to complications caused by COVID-19 and site access restrictions. As such, it expects the feasibility study for the plant to be completed in late June 2021.

In addition, the company continued to make progress with its graphene and battery anode technology. This included numerous customer sample qualification programs regarding lithium-ion batteries and an update on its Talcoat graphene additive for marine coatings.

About the Talga share price

With Talga successfully raising $30 million from its shareholder placement plan this quarter, it currently holds $58.4 million in cash. This includes the recent sale of its Western Australian gold royalties for $800,000.

Furthermore, the company divested its “non-core” Swedish Iron projects. This process is expected to be completed by late September, with any transaction announced around the same time.

Despite strong performance during April, the Talga share price did not have a positive start to the year. Shares in the small-cap graphene company are down 16% year-to-date.

Where to 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 are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

See The 5 Stocks

*Returns as of February 15th 2021

More reading

Motley Fool contributor Daniel Ewing 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.

The post Why did the Talga (ASX:TLG) share price fall today? appeared first on The Motley Fool Australia.

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!