Galaxy slashes price for $47m capital raising

Embattled lithium producer Galaxy Resources has announced a deeply discounted $47 million rights issue to give the company a much needed cash injection.


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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/01/18

1 year TSR5 year TSR
31stEuropean Cobalt488%-21%
397thGalaxy Resources9%39%
491stRift Valley Resources-4%-11%
653rdCaeneus Minerals-33%-38%
709 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$140k Bought
$626k Other
$0 Other
Total value as at the date of the transaction
Source: Morningstar


315th↓Rift Valley Resources$14k
316th↑Caeneus Minerals$14k
317th↓Galaxy Resources$13k
318th↓Odin Energy$13k
319th↓European Cobalt$12k
498 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Galaxy Resources

57thAnthony Tse$1.072m
134thMartin Rowley$686k
1091stGeorge Zhang$84k
Ranked by total remuneration from all listed WA companies

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