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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 29/06/18

1 year TSR5 year TSR
54thAVZ Minerals200%81%
172ndElixir Petroleum72%-29%
467thEmergent Resources0%-6%
582ndEquatorial Resources-15%-8%
722 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

30/07/18
$0 Issued
19/07/18
$0 Other
19/07/18
$0 Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

349th↓AVZ Minerals$2k
407th↓Elixir Petroleum$0
408th↑Emergent Resources$0
410th↓Alta Zinc$0
411th↓Equatorial Resources$0
507 listed resources companies ranked by revenue.
Source: Morningstar

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