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Nigel Ferguson has joined AVZ Minerals as technical director. Photo: Attila Csaszar

AVZ raises $5m for lithium JV

Shares in junior explorer AVZ Minerals have skyrocketed on news the Perth company has struck an agreement to acquire a majority stake in a lithium mine in Africa, and has raised $5 million to fund the deal.

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AVZ Minerals (AVZ)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/12/18

1 year TSR5 year TSR
388thCalima Energy-21%-10%
460thCarawine Resources-32%
609thBryah Resources-50%
706thBMG Resources-63%-23%
745thAVZ Minerals-70%57%
716 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

03/12/18
$17k Bought
01/11/18
$65k Bought
30/07/18
$0 Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

393rd↓AVZ Minerals$0
400th↓BMG Resources$0
401st-Bryah Resources$0
403rd↓Calima Energy$0
404th-Carawine Resources$0
513 listed resources companies ranked by revenue.
Source: Morningstar

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