市场见解

Here’s why the Talga share price plunged 18% on Tuesday

Investors were clearly not impressed with the company’s latest update.
The post Here’s why the Talga share price plunged 18% on Tuesday appeared first on The Motley Fool Australia. –

Shares in battery anode and advanced materials company Talga Group Ltd (ASX: TLG) were very much out of favour with investors today.

By the market’s close, the Talga share price had tumbled 17.78% to $1.48. Investors responded negatively to an update provided by the company on the ASX this morning.

What was weighing on the Talga share price?

Talga shares are copping a caning after the company revealed its formal letter of intent with Mitsui & Co. Europe and Swedish mining company Luossavaara-Kiirunavaraa Aktiebolag (LKAB) has now lapsed.

Talga was hoping to partner with LKAB and Mitsui on the development of its green anode project for use in producing lithium-ion batteries.

This would include construction of a scalable, 19,000-tonnes-per-annum anode production facility and integrated graphite mining operation in northern Sweden.

The project would be situated close to the Nunasvaara deposit, said to be the highest-grade graphite deposit in the world.

Is there still hope for the venture?

Whilst no further details about the venture’s prospects have yet been provided, Talga did reveal it will continue advancing project development discussions with Mitsui under the existing Memorandum of Understanding.

Talga is using its 100%-owned mineral and technology assets in northern Sweden to establish a European supply of sustainable, low-CO2-emission anode materials.

The company said it will continue to pursue current and new financing and partnership opportunities emerging from the strong global demand outlook for green-battery anode.

Foolish takeaway

The Talga share price has had a rocky twelve months, having fallen by around 23% over the past year. The company’s shares reached a 52-week low of $1.13 on 5 March this year.

Talga shares have been volatile in November, climbing by over 45% from $1.50 at the end of October to $2.20 by 9 November. Unfortunately, from then on, it has been largely downhill for Talga shares, which have since fallen by more than 30% to back below October’s closing price.

The post Here’s why the Talga share price plunged 18% on Tuesday 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

Why Nuix, Resolute, Talga, and Vection shares are falling today

Talga (ASX:TLG) share price leaps 7% on EV anode facility update

Talga (ASX:TLG) share price loses charge after new battery deal

Why the Talga (ASX:TLG) share price is charging 10% higher today

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.

随时随地,交易世界!

移动APP平台,拥有 12 个市场的 50,000 多种全球上市证券(全球市值超过 70%),直接在您的 Android 或 iOS 设备上即可操作。

与独有的交易理念和投资分析工具相结合,帮助您在我们 12 个全球市场中的几乎所有金融工具上找到可操作的见解,从而帮助您优化交易策略。

推荐给您的朋友

向您的朋友推荐Monex并赠予他们免费使用我们交易工具的机会

我们尊重您的隐私,只会向您的朋友发送一封邮件 

与您的朋友分享

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!