Winners and Losers: Core Lithium’s charge dwindles, Micro-X bounces back
After completing a $100 million equity raise, Adelaide miner Core Lithium has seen its value deteriorate, while an x-ray tech firm has hit the number one spot.
Photo: Core Lithium
With a 27.19 per cent decrease in its share price over the last week, Core Lithium saw nearly $300 million of its market value wiped out.
It follows a capital raise earlier in the week for the lithium miner, the purpose of which was to shore up funds for improvements to its mining projects in the Northern Territory.
That raise was priced at 40 cents per share – two cents less than its trading price at the end of last week of 42 cents – and drove the fall in value for the Flinders Street-headquartered company as it diluted its shareholding with 250 million new fully paid ordinary shares.
Other losers this week include graphite miner Renascor Resources which dipped by 6.25 per cent and BHP Group which fell by 3.87 per cent ahead of the release of its FY23 results tomorrow.
Elders and Cooper Energy rounded out the five losers for the week.
As for the winners, Micro-X shot to the top spot one week on from being the number one loser. Shares in the x-ray tech outfit rose by 10 per cent, adding almost $6 million to its market capitalisation.
Mighty Kingdom rose by 8.70 per cent, while AML3D, Terramin and Aerometrex rounded out the top five.
Check out this week’s top five Winners and Losers for the week ending 18 August:
