August 2022

Stock I'm watching this month:-

LTR - Liontown Resources Ltd

Sector: Basic Materials
Market Cap:  3.79 Bil 
Price/Earnings: N/A
Price/Book: 8.23
Return On Equity: 17.84%
Return On Assets: -13.1%
Debt/Equity: 0.06%

Reasons to watch: LTR is an Australian junior explorer. They explore for lithium, gold, vanadium, copper and nickel. As the world is moving towards green energy, Lithium has the potential to be a sought after and in demand commodity.   

Risk: The EV sector despite being already around for some time driven by Tesla, is still quite immature. The infrastructure and uptake of EV depends still very much on government subsidy. If costs are prohibitive, the green energy sector will probably not thrive.   

Sentiment: Buy
Disclosure: Held
Current Price: $1.725
My Strike Price: $1.7 (Morningstar Fair Value:$2.71)   


Disclaimer: This does not constitute any financial advice or stock recommendations. As always, Do Your Own Research.

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