To The Moon

As of market close on Friday,$S&P/ASX 200(XJO.AU)$ closed at 6,945.2 point, a 2.26% increase after 5 day trading.

Recommend to Read

5 Tech Stocks with Good Revenue Growth: REA, WTC,XRO,TPG, NXT

During the last 5 trading days, we can see $PALADIN ENERGY LTD(PDN.AU)$ , $Lake Resources NL(LKE.AU)$ , $MINERAL RESOURCES LTD(MIN.AU)$ , $Evolution Mining(EVN.AU)$ ,$IGO Ltd(IGO.AU)$ are the top 5 Weekly Ganers with 15.62%, 14.99%%, 14.78%, 12.82%, 11.52% increases respectively. 

And $Yancoal Australia(YAL.AU)$ , $Brainchip Holdings(BRN.AU)$,$JB HI-FI LIMITED(JBH.AU)$ ,$Atlas Arteria(ALX.AU)$ ,$COMPUTERSHARE LIMITED(CPU.AU)$ are top 5 decliners of ASX stocks which market capital above AU$2 Bln.

Below are some info may related to the TOP5 ganners'recent changes in prices:

1. $PALADIN ENERGY LTD(PDN.AU)$

Paladin reported it will return its Langer Heinrich Mine, located in Namibia, to production; first volumes are targeted for Q1 2024.

During the last three-month period, Paladin also increased its ownership in the advanced exploration Michelin Project, located in Canada to 70% from 65%. And the company had a successful AU$215 million capital raising during the quarter.

Paladin’s quarterly results ended in 30 June shows it's total project capital expenditure of US$118 million, an increase from previous guidance of US$87 million. The company held unrestricted cash of US$177 million as at 30 June.

Paladin Energy announced that it had decided to restart production at the Langer Heinrich Mine based on strong uranium market fundamentals. It will take another 18 months to get operations to the point of restart, and a further fifteen months to reach full capacity.

Stockbroker Shaw and Partners believes Paladin is the premium and most liquid name in the (Australian-listed) sector, and it remains the broker’s preferred exposure to an improving uranium market. Shaw has a Buy (High Risk) rating and $1.30 price target.

$PALADIN ENERGY LTD(PDN.AU)$  YTD in 2022 is -21.69%, but see 11.35% increase in July.

2. $Lake Resources NL(LKE.AU)$

Lake ResourcesNL (ASX:LKE) is a clean lithium developer utilising clean, direct extraction technology for the development of sustainable, high purity lithium from its flagship Kachi Project, as well as three other lithium brine projects in Argentina.

Lake Resources NL is possibly approaching a major achievement in its business: Lake Resources is continuing discussions with US-based Ford Motor Company and Japan’s Hanwa Co Ltd for the offtake of lithium carbonate from its flagship Kachi Lithium Brine Project in Argentina.

The company is advancing its Definitive Feasibility Study (DFS), and expects the final drafts to be ready toward the end of the third quarter of 2022.

The company also left the quarter with $173 million in cash on the balance sheet.Lake Resources has no debt on its balance sheet, This aspect reduces the risk around investing in the loss-making company.

According to the 2 industry analysts covering Lake Resources, They anticipate the company to incur a final loss in 2023, before generating positive profits of AU$1.6m in 2024.

In the past 12 months, the Lake Resources share price has clipped a 84% gain, despite sliding more than 22% into the red this YTD.

3. $MINERAL RESOURCES LTD(MIN.AU)$

The mining and mining services company released its fourth quarter and full year update.

• Mineral Resources share price on watch after record 12 months
• FY 2022 iron ore shipments of 19.2M wet metric tonnes (wmt)
• Full year spodumene concentrate shipments of 442kt

Mineral Resources achieved its iron ore guidance in FY 2022, And while it fell short of its lithium shipments guidance, it wasn't all bad news, Lithium costs are expected to be in line with guidance and the price it received for its spodumene jumped quarter on quarter in Q4.

Two positives were its costs and the realised spodumene concentrate price it received. Mt Marion costs are expected to be with its guidance of A$570-A615/dmt and the price it received for its spodumene continues to increase. During the fourth quarter, Mineral Resources reported a realised spodumene concentrate price of US$2,645 per dmt, which was 35% higher quarter on quarter.

Over the long term, the Mineral Resources share price has been an excellent investment for shareholders. The mining and mining services company has paid a total of $5.17 per share in dividends over the past 5 years.

Despite its wild price swings 8%in 2022, the Mineral Resources Ltd (ASX: MIN) share price has surged 300% over the past five years.

4.$Evolution Mining(EVN.AU)$

Sydney-based Evolution posted its June quarterly results - for the period running May 1 to June 30 - showing gold production is up, grades are higher, and operating costs are coming down.

The company called the past quarter it’s best to date with production up 17% at 38,620 ounces compared to 33,056 ounces recorded during the last quarter.

Ore tonnes processed increased by eight per cent over the previous quarter to a record 258,000 tonnes. The gold grade also went up eight per cent to 5.11 grams per tonne (g/t) versus 4.74 g/t during the previous quarter.

Mine development rates - to reach new ore bodies - have been pushing ahead at a steady 1,200 metres per month for the last nine months.

All-in-Sustaining Costs for the quarter was $2,161 compared to $2,394 during the last quarter.

Mine operating cash flow at Red Lake stood at $22 million.

Evolution is leaning on Red Lake to be a key driver in its company-wide plan to boost gold production by 25% over the next two years. Analysts at Morgans recently dubbed the share a buy, valuing the company at $3.23 in the process.

In the past 12 months, the Evolution Mining share price has lost more than 51%, and YTD in 2022 is -35%.

5.$IGO Ltd(IGO.AU)$

lithium miner-IGO share price lifts on Q4 results,The miner produced the first battery grade lithium hydroxide in Q4:

• Sales revenue of $278 million, up 13% from the prior quarter
• Underlying earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 11% quarter-on-quarter to $258 million
• Profit after tax of $107 million, down 19% from Q3
• Acquired Western Areas Limited for cash consideration of $1.26 billion
• IGO’s net debt position as at 30 June was $533 million, compared to a net cash position of $440 million at the end of Q3.

What's more, IGO purchased $2.07 million-worth of Venus’ shares during the June quarter making it a substantial holder. Under the deal, IGO can earn up to 70% of the Bridgetown Greenbushes project by spending $6 million on exploration and related joint venture expenditure until completion of a pre-feasibility study. IGO also scooped up 9 million Venus shares at $0.23 each, which raised about $2.07 million before costs.

“IGO’s knowledge and technical expertise regarding lithium-caesium-tantalum pegmatites and nickel-copper-PGE sulphide exploration, and development is invaluable for the highly prospective tenement package held by Venus at Bridgetown Greenbushes next to the world’s lowest cost and highest grade hard rock lithium mine.”

Though it has struggled in 2022 with -7% YTD, the IGO share price remains up 10% over the past 12 months. That compares to a full year loss of 8% posted by the ASX 200.

How do you like these five stocks？

Please comment below and share your favarate ASX stocks.