Read the full article on how Allegiance Coal (ASX:AHQ) made our best Australian shares to buy 2021 list. Steel is one of the biggest inputs in large-scale and industrial infrastructure projects, and this has turned the tide for miners of metallurgical coal, a key input in steel production.ĥ Best Shares To Buy Right Now in 2022 Īlthough Allegiance Coal is an Australian company, it will not suffer from China’s ban on Australian coal imports as its mines are located in North America, thus positioning it as a beneficiary from China’s large planned infrastructure spends. While COVID was initially harsh on miners for fears of slowing economic growth, lower demand, and mine shutdowns, these companies are back in the reckoning due to potential global spending on infrastructure and expectations of an economic recovery.Īs more of its production comes online, Allegiance Coal shares will benefit from rising met coal prices. Allegiance Coal (ASX:AHQ)Īllegiance Coal Limited is an Australian mining company in the metallurgical coal sector. Read the research on how Core Lithium (ASX:CXO) made our best Australian shares to buy 2021 list.
The company will potentially enter production in 2H’FY22 and produce about 197,000 mtpa. Moreover, the Finniss project is now fully funded. This is two-thirds cheaper compared to the floatation process. The project is also highly capital-efficient, given that its production is based on the simple DMS process which uses just gravity and water. The company claims it will be one of the lowest-cost lithium spodumene producers in the world once its Finniss mine enters production.
The company has seen its stock skyrocket a monumental 887% over the past 12 months due to the ever-increasing price of lithium and substantial progress towards the commencement of production. Core Lithium (ASX:CXO)Ĭore Lithium (ASX:CXO) is an Australian mining company aiming to become one of the biggest exporters of lithium to the Asian region. Read our research on Ioneer (ASX:INR) and how it made our best small caps stocks list. The company has been a major beneficiary of the tailwind behind electrification due to climate awareness and record-high fuel prices, the Biden administration’s inclination towards decarbonization, and the DOE’s (Department of Energy) willingness to help fund projects that align with this policy. Though ecological issues at the site have made news, the company is positive it can work with the relevant authorities to reach a solution. The company’s facility will be located in Nevada at the Rhyolite Ridge which holds the largest known lithium and boron deposit in North America. Ioneer (ASX:INR) aims to be a world-class lithium producer supplying the burgeoning EV and battery market in the USA.ģ6 Stocks on the ASX 200 To Watch This Week We believe these represent some of the best opportunities the ASX has to offer. We’ve outlined 5 stocks that we have found to either have good growth potential or a great story and what we consider to be some of the best penny stocks on the ASX. Our Research team has been hard at work uncovering the best small cap stocks on the ASX in 2021 on a macroeconomic and fundamental basis. The hardest part about investing is the ability to process a large amount of information and factors to be able to navigate the macroeconomic and fundamental environment to find the best penny stocks. 2 How We Find The Best Small Cap Stocks To Buy.1.5 Magnis Energy Technologies (ASX:MNS).With historically low interest rates and the boost it is giving to capital markets, the best penny stocks with their higher sensitivity to the market are in favour right now.Īdditionally, as markets continue to recover, the best small cap stocks with much higher beta means returns are outsized compared to blue-chip shares.
However, having exposure to the best small cap stocks and their potential upside can add strong upside potential for your portfolio. They are almost much higher risk than high growth stocks driven by revenue growth that generally have a larger cap. Small cap stocks tend to have much more risk and volatility involved than blue-chip shares. Today, we’ll look at some of the best penny stocks to buy on the ASX for 2021.Įven though these stocks are not “penny stocks” per se (this is more of an American term), I consider any stock under $1b in market cap to be a small cap or penny stock. Thanks for downloading! Please check your email and spam folder and make sure to mark emails from us as not spam.
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