ASX Share rice
Tue 18 May 2021 - 10:56:am (Sydney)

PLL Share Price

PIEDMONT LITHIUM LTDPLLMaterials

PLL Company Information

Name:

Piedmont Lithium Limited

Sector:

Basic Materials

Industry:

Other Industrial Metals & Mining

GIC Industry:

Metals & Mining

GIC Sub Industry:

Gold

Address:

BGC Centre Perth WA Australia 6000

Phone:

61 8 9322 6322

MD, CEO, Pres & Director:

Mr. Keith Douglas Phillips B.Com., H.B.Com, MBA

CFO & Company Sec.:

Mr. Gregory Swan B.Com, CA, ACIS, AFin

VP & Chief Geologist:

Mr. Lamont Leatherman

Exec. VP & COO:

Mr. David Klanecky

VP of Corp. Communications & Investor Relations:

Mr. Brian Risinger

VP of Sales & Marketing:

Mr. Austin Devaney

Company Overview:

Piedmont Lithium Limited engages in the exploration and development of resource projects in the United States. The company primarily holds a 100% interest in the Piedmont lithium project covering a landholding of 2,126 acres in the North Carolina, the United States. It also owns a 61-acre property in Kings Mountain, North Carolina. The company was formerly known as WCP Resources Limited and changed its name to Piedmont Lithium Limited in August 2017. Piedmont Lithium Limited was incorporated in 1983 and is based in Perth, Australia.

PLL Share Price Information

Shares Issued:

1.57B

Market Capitalisation:

$1.21B

Dividend per Share:

$0.1

Ex Dividend Date:

2001-10-11

Dividend Yield:

12.99%

Revenue (TTM):

$110.85M

Revenue Per Share (TTM):

$1.12

Earnings per Share:

$0.108

Return On Assets (TTM):

$-0.10

Return On Equity (TTM):

$-0.16

Quarterly Revenue Growth (YOY):

0.121

Gross Profit(TTM):

$79.60M

Diluted Earnings Per Share (TTM):

$-0.013

QuarterlyEarnings Growth(YOY):

0.22

PLL CashFlow Statement

CashFlow Date:

2020-06-30

Investments:

$-3,417,255

Change To Liabilities:

$-1,136,564

Total Cashflow From Investing Activities:

$-3,417,255

Net Borrowings:

$-399,740

Net Income:

$-5,671,099

Total Cash From Operating Activities:

$-6,975,428

Depreciation:

$84.51K

Other Cashflow From Investing Activities:

$-1,400,000

Dividends Paid:

$0

Change To Account Receivables:

$-92,054

Sale Purchase Of Stock:

$27.44M

Capital Expenditures:

$3.42M

PLL Income Statement

Income Date:

2020-06-30

Income Before Tax:

$-5,671,100

Net Income:

$-5,671,100

Operating Income:

$-6,162,250

Other Operating Expenses:

$3.85M

Interest Expense:

$157.27K

Income Tax Expense:

$3.24M

Total Revenue:

$215.55K

Total Operating Expenses:

$6.35M

PLL Balance Sheet

Balance Sheet Date:

2020-06-30

Total Liabilities:

$3.62M

Total Stockholder Equity:

$24.04M

Other Current Liabilities:

$54.93M

Total Assets:

$27.66M

Common Stock:

$74.88M

Other Current Assets:

$544K

Retained Earnings:

$-51,356,942

Other Liabilities:

$29.91K

Other Assets:

$150.78K

Cash:

$18.86M

Total Current Liabilities:

$1.71M

Property - Plant & Equipment:

$8.50M

Net Tangible Assets:

$24.04M

Total Current Assets:

$19.01M

Long-Term Debt:

$1.74M

Net Receivables:

$130.10K

Short-Term Investments:

$8.65M

Inventory:

$4.23M

Accounts Payable:

$644.86K

Short-Term Investments:

$8.65

Non Current Liabilities (Other):

$29.91K

Non Current Liabilities Total:

$1.91M

PLL Share Price History

PLL News

30 Apr, 2021
Piedmont Lithium Limited (ASX: PLL; NASDAQ: PLL) ("Piedmont" or "Company") is pleased to present its March 2021 quarterly report.
29 Apr, 2021
Piedmont Lithium Limited ("Piedmont" or the "Company") (Nasdaq:PLL; ASX:PLL) is pleased to provide the following update on the status of its proposed re-domiciliation from Australia to the United States.
08 Apr, 2021
Orbcomm, Rice Acquisition, Blink Charging, Piedmont Lithium and HubSpot are five top stock gainers for Thursday.
Piedmont Lithium Limited ("Piedmont" or the "Company") (Nasdaq:PLL; ASX:PLL) is pleased to announce an updated Global Mineral Resource estimate ("MRE") (Table 1) for the Company’s flagship Piedmont Lithium Project in North Carolina, USA which includes updated Mineral Resource estimates from the Core and Central properties and an initial Mineral Resource estimate from the Huffstetler property (Table 2). The total MRE for the project is 39.2 Mt at 1.09% Li2O (Figure 1), with 55% of the MRE currently classified in the Indicated category. The Mineral Resource estimate is reported in accordance with JORC Code (2012 Edition).
01 Apr, 2021
Pall Corporation, a global leader in filtration, separation and purification, continues to increase capacity to meet industry demands driven by COVID-19 with a new manufacturing facility in Spartanburg County, South Carolina and the shareholder acquisition of Pall-Austar Lifesciences Limited, a China-based joint-venture. The Spartanburg County, South Carolina facility is part of a $114M investment which also includes production capacity expansion at seven existing Pall manufacturing facilities across the United States and Europe.
31 Mar, 2021
Piedmont Lithium Limited ("Piedmont" or the "Company") (Nasdaq:PLL; ASX:PLL) is pleased to announce that it has appointed Mr. David Klanecky as Executive Vice President and Chief Operating Officer. Mr. Klanecky brings deep lithium industry engineering, construction, and operations experience to the Piedmont team. As COO, David will lead the implementation of the Company’s integrated US-based lithium chemicals business, and development of the Company’s operational capabilities.
26 Mar, 2021
The broader market is still wary of high-growth companies in general, but these two stocks are bucking the trend.
25 Mar, 2021
Piedmont Lithium Limited ("Piedmont" or the "Company") (Nasdaq:PLL; ASX:PLL) today announced the closing of its previously announced underwritten public offering of 1.75 million American Depositary Shares ("ADSs"), with each ADS representing 100 of its ordinary shares ("Public Offering"). The aggregate gross proceeds of the Public Offering, before underwriting discounts and commissions, totaled $122.5 million.
24 Mar, 2021
Shares of Australian -- soon to be American -- mining company Piedmont Lithium (NASDAQ: PLL) were trading down by as much as 23.5% on Wednesday morning after management announced plans to float 1.75 million new American Depositary Shares (ADS) at $70 apiece. The offering is expected to raise at least $122.5 million in cash that will be used "to continue development of the Company's Piedmont Lithium Project." According to the company, each ADS represents 100 ordinary shares of common stock trading on the Australian market.
23 Mar, 2021
Piedmont Lithium Limited ("Piedmont" or the "Company") (Nasdaq:PLL; ASX:PLL) today announced the pricing of an underwritten public offering of 1.75 million of its American Depositary Shares ("ADSs"), with each ADS representing 100 of its ordinary shares ("Public Offering"), at a price per ADS to the public of $70.00, for aggregate gross proceeds of $122.5 million. Piedmont has granted the underwriters a 30-day option to purchase up to an additional 262,500 ADSs at the issue price of the Public Offering. The Public Offering is expected to close on March 25, 2021, subject to customary closing conditions.
22 Mar, 2021
Piedmont Lithium Limited ("Piedmont" or the "Company") (Nasdaq:PLL; ASX:PLL) today announced that it plans to conduct a U.S. public offering, subject to market and other conditions, of 1.5 million of its American Depositary Shares ("ADSs"), with each ADS representing 100 of its ordinary shares ("Public Offering").
15 Mar, 2021
18:48
Yahoo! Finance
Many investors historically have turned to safe haven assets such as precious metals in times of economic and political turmoil. One way to gain exposure is by owning companies in the metals and mining industry, which are involved in the exploration, extraction, and sale of metals and other minerals. Mining companies have vastly outperformed the broader market in the last year.
05 Mar, 2021
Piedmont Lithium Limited (ASX:PLL, NASDAQ:PLL) (Piedmont or Company) is pleased to announce that the Scheme Booklet in relation to Piedmont’s proposed re-domiciliation from Australia to the United States via a Scheme of Arrangement (Scheme), has today been despatched to shareholders, including the notice of meeting, personalised proxy form and small parcel holder opt out form.
In general, an aggressive portfolio has high allocation towards growth stocks. These are stocks from companies that are reporting robust revenue and earnings growth. However, even for a defensive portfolio, some allocation to growth stocks makes sense. While defensive stocks provide regular cash inflow, growth stocks are the key portfolio return catalysts. Recently, growth stocks from the electric vehicle and renewable energy sector have corrected after making all-time highs. I believe that these corrections are healthy for the markets and also provides a good entry opportunity. 9 Cheap Stocks That Look Like a Bargain There are other growth stocks from across sectors that have remained resilient. Even at all-time highs. Let’s take a deeper look into these stocks.InvestorPlace - Stock Market News, Stock Advice & Trading Tips DraftKings (NASDAQ:DKNG) Etsy (NASDAQ:ETSY) Five9 (NASDAQ:FIVN) Piedmont Lithium (NASDAQ:PLL) Livent Corporation (NYSE:LTHM) Sonos (NASDAQ:SONO) Wix.com (NASDAQ:WIX) Growth Stocks Undaunted: DraftKings (DKNG) Source: Lori Butcher/Shutterstock.com DKNG stock has been in a steady uptrend. With the company recently reporting strong fourth-quarter results for 2020, the stock trades at all-time highs. For the next few years, DKNG stock is among the top growth stocks to consider. In terms of financial performance, DraftKings reported Q4, 2020 revenue of $322 million, which was higher by 146% on a year-on-year basis. Further, for fiscal year 2020, the company reported revenue of $614 million. For the current year, the company has guided for revenue of $950 million (mid-range of guidance). This implies a year-over-year growth guidance of 54.7%. Clearly, the company is on a high growth trajectory and it’s not surprising that the stock is surging. I further believe that strong top-line growth will sustain in the next few years. The reason is as follows – Draft King’s online sports betting is currently live in 12 states. It’s very likely that more states will legalize online gaming and sports betting. With each new market, the company’s revenue outlook will be revised on the upside. Draft Kings did report an adjusted EBITDA loss of $396 million for 2020. However, I don’t see that as a concern for a high-growth company. Importantly, the company’s average revenue per monthly active payer was $51 in FY2020 as compared to $39 in 2019. As the monthly active players increase, the company is well positioned for strong cash flows in the coming years. Etsy (ETSY) Source: quietbits / Shutterstock.com ETSY stock is another name among growth stocks that continued to trend higher. In 2020, the stock surged over 300%. It seems that there is more juice in the rally. However, I do believe that fresh exposure to the stock can be considered on dips. Of course, the company’s rally has been backed by stellar growth. Recently, Etsy reported Q4 2020 results and the numbers impressed the markets. For 2020, the company reported revenue growth of 110.9% and an adjusted EBITDA growth of 194.8%. Further, for Q1 2021, the company has guided for revenue growth range of 125%-135% on a year-over-year basis. Etsy also expects adjusted EBITDA margin in the range of 32%-34%. It seems very likely that revenue growth for the current year will be over 100%. It’s important to note that Etsy is making strong inroads in the international markets. In the U.K., the company reported gross merchandise sales (GMS) growth of 189% for 2020. In Germany, GMS growth was 109% for the same period. With the pandemic accelerating e-commerce growth, Etsy has witnessed a sharp upside in active buyers and sellers. This growth is unlikely to be temporary as global presence expands. From a financial perspective, the company’s free cash flow has accelerated significantly in 2020. Etsy has an asset-light business model and reported a cash balance of $1.7 billion as of Q4 2020. As free cash flow accelerates, the company can potentially utilize the cash buffer for dividends and share repurchase. Inorganic growth is also a possibility. 7 Great Dividend Stocks Outside the Energy Sector Overall, Etsy has a good business model and the company’s growth is likely to remain strong in the coming years. ETSY stock is worth considering on declines. Five9 (FIVN) Source: Shutterstock FIVN stock also makes it to my list of growth stocks with a strong outlook for the coming years. The markets have been discounting strong growth for the company and the stock trades at all-time-highs. As an overview, Five9 is a provider of cloud contact center solutions. For Q4 2020, the company reported strong top-line growth of 39% to a record of $127.9 million. For the full year, the company’s revenue growth was 33%. Another big positive factor is that as of Q4 2020, the company’s recurring revenue was 93% of the total revenue. This provides a clear cash flow visibility. In addition, the company’s international expansion is likely to be a key growth driver. In Q4 2020, the company’s international bookings doubled on a year-over-year basis. Talking about international expansion, Five9 acquired Inference Solutions in October 2020. This has helped the company make inroads in to Australia. It’s likely that Five9 will continue to pursue opportunistic acquisitions to expand global presence. In terms of cash flow visibility, the company reported adjusted EBITDA margin of 23% for Q4 2020. In the long-term, the company is targeting an adjusted EBITDA margin of 27%. As global clients increase and recurring revenues swell, the business is positioned to be a cash flow machine. Piedmont Lithium (PLL) Source: buffaloboy / Shutterstock.com PLL stock has surged over 600% in the past year and the rally has sustained with the stock hitting all-time-highs. Despite a recent dip in the stock, the rally can be explained by the fact that Piedmont Lithium is an emerging lithium chemicals company. Estimates suggest that global lithium demand will more than double by 2024, backed by strong growth in the electric vehicle (EV) industry. A multi-year bull market for the EV industry also implies sustained demand for lithium. Specifically, Piedmont Lithium is a supplier of lithium hydroxide, which is used in lithium-ion batteries. The company has a five-year binding agreement with Tesla (NASDAQ:TSLA). The agreement is at a fixed price, with first shipment expected in 2022-23. Going forward, the agreement will provide the company with a clear revenue and cash flow visibility. An important point to note is that the company estimates the net present value of the lithium chemical plant at $1.1 billion. Even after the big rally, PLL stock trades at a market capitalization of $846 million. Clearly, there seems to be more potential for upside even if there is some intermediate correction. 7 of the Best Warren Buffett Stock Picks of the Past Decade Piedmont Lithium is also looking at expansion projects and any positive development on that front would imply valuation re-rating. Overall, PLL stock is a good way to benefit from the electric vehicle boom. Livent Corporation (LTHM) Source: Lightboxx/ShutterStock.com With the growing demand for lithium, LTHM stock is another name among growth stocks that has been in the limelight. The stock trades near 52-week highs and I believe that further upside is on the cards. As an overview, Livent Corporation is a producer of high-quality finished lithium compounds. The company has manufacturing sites in U.S., U.K., India, China and Argentina. Therefore, with global presence, the company is well positioned to benefit from lithium demand growth. In terms of business development, the company signed a “multi-year supply agreement with BMW Group to deliver both lithium hydroxide and carbonate.” The company expects volume production and sales to commence next year. This agreement is likely to be a revenue and earnings upside trigger. Even for the current year, Livent Corporation expects top-line and EBITDA growth of 22% and 127% respectively. It’s very likely that revenue growth will accelerate significantly in the coming year. Therefore, LTHM stock does look attractive at current levels of $16.28. It’s also worth noting that the demand-supply scenario remains tight for lithium. As the price of finished lithium compounds increases, the company is positioned to deliver expanding EBITDA margin and potentially higher cash flows. Sonos (SONO) Source: ClassyPictures / Shutterstock.com SONO stock is another quality name among growth stocks that continues to trend higher. The stock currently trades at $37.88 and I expect further upside. At a forward P/E of 37.3, SONO stock does not seem to be overvalued. As a quick overview, Sonos is a provider of audio products in the United States, Europe and Asia Pacific. Last month, the company reported Q1, 2021 results and the numbers were stellar. Revenue was at $645.6 million, which was higher by 15% on a year-over-year basis. Further, adjusted EBITDA increased by 78% coupled with a 920 basis points expansion in EBITDA margin. Also, the company’s free cash flow increased by 97% on a year-over-year basis to $203.2 million. This implies an annualized free cash flow of $800 million. I also like the fact that the company closed Q1, 2021 with a cash balance of $678 million and zero debt. This provides the company with strong financial headroom for growth and shareholder value creation. It’s worth noting that the stock trades at a market capitalization of $4.5 billion and the free cash flow visibility for the year is $800 million. Without doubt, the stock is undervalued. 7 Penny Stocks Close To Busting Through the $5 Mark For the current year, the company has also raised the revenue and EBITDA guidance. If strong growth sustains, I will not be surprised if SONO stock continues to surge higher. Wix.com (WIX) Source: MagioreStock / Shutterstock.com WIX stock has increased 117% in the past year, and the outlook remains bullish. For 2020, Wix.com reported strong revenue growth of 30% on a year-over-year basis. For the current year, the company expects revenue between $1,272 to $1,286 million. This would imply revenue growth of approximately 30%. As strong growth sustains along with potential increase in operating cash flows, WIX stock is likely to trend higher. In terms of industry tailwinds, the novel coronavirus pandemic has accelerated growth in online business. Wix.com reported 31 million new registered users in 2020 coupled with one million net new subscriptions. It’s very likely that new subscriptions will continue to increase at a healthy pace in the next few years. Another growth trigger for the company is geographic penetration. As of Q4, 2020, the company derived 57% revenue from North America and 26% from Europe. Revenue contribution from Latin America and Asia was just 17%. In the coming years, these regions are likely to contribute to a higher share of revenue. Overall, WIX stock is another attractive name among growth stocks. However, it makes sense to wait for some correction in the stock after a big rally. On the date of publication, Faisal Humayun did not have (either directly or indirectly) any positions in any of the securities mentioned in this article. Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modelling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG It doesn’t matter if you have $500 in savings or $5 million. Do this now. Top Stock Picker Reveals His Next Potential 500% Winner Stock Prodigy Who Found NIO at $2… Says Buy THIS Now The post 7 Growth Stocks Undaunted By All-Time Highs appeared first on InvestorPlace.
04 Mar, 2021
Shares of Australian lithium mining company Piedmont Lithium (NASDAQ: PLL), which currently trades on the Nasdaq in the form of American Depositary Shares (ADS), representing common shares on the Australian Stock Exchange, are coming to America -- and it seems investors aren't happy about it. Piedmont stock dropped 19% in Thursday trading. Thursday probably should have been a good day for Piedmont shareholders, seeing as B. Riley Securities raised its price target on the stock from $66 to $93 a share this morning.
02 Mar, 2021
Piedmont Lithium Limited (ASX:PLL, NASDAQ:PLL) (Piedmont or Company) is pleased to provide the following update on the status of its proposed re-domiciliation from Australia to the United States via a Scheme of Arrangement (Scheme), under which Piedmont Lithium Inc. (Piedmont US), a newly formed US corporation, will acquire Piedmont.
01 Mar, 2021
Wall Street analyst sees EVs growing into a $5 trillion industry in 10 years, which could be great news for miners of lithium and the rare earths.
Piedmont Lithium Limited, ("Piedmont" or the "Company") (ASX: PLL; Nasdaq: PLL), a pre-production business targeting the integrated production of battery quality lithium hydroxide to support a US and global electric vehicle supply chain, today announced participation in several virtual conferences consisting of small group meetings, fireside chats, and panel discussions:
20 Feb, 2021
Stocks in electric battery technology have been heating up as automakers, airlines and equipment manufacturers continue to form partnerships with tech companies. Batteries are essential to many of the technologies that innovators hope will replace fossil fuel-burning machines. This bodes well for makers of lithium-ion batteries and hydrogen fuel cells. Five Battery Technology Companies To Watch: Australian mining company Piedmont Lithium ADR (NASDAQ: PLL) has been on a tear since it announced a deal with Tesla Inc (NASDAQ: TSLA) last September. Piedmont signed a five-year agreement to supply Tesla with one-third of its planned 160,000-tonnes-per-year spodumene concentrate, a type of lithium ore, from its deposits in North Carolina. Since the announcement, shares of Piedmont have soared more than 430%. This past November, Piedmont announced an expansion of its drilling operations, adding three new drill rigs in North Carolina. CEO Keith Phillips said in a press release that the North Carolina investment positions the company to be a part of "North America's clean energy storage and EV revolution." North Carolina-based Albemarle Corp (NYSE: ALB) is another one to watch. In January, Albemarle announced an expansion of its operations in Silver Peak, Nevada, where it hopes to accelerate lithium production from clay resources in the area. Albemarle also announced it was experimenting with a process to streamline lithium production from brine resources, a project sponsored by the U.S. Department of Energy. Shares rose to an all-time high on Jan. 20, but have since have since come down by 17%. Livent Corp (NYSE: LTHM) share prices surged last November after the company reported it had extended its lithium supply agreement with Tesla. Besides suppling chemicals for electric vehicle batteries, Livent also produces butyllithium and lithium metal for the pharmaceutical, aerospace and agrochemical industries. Although Livent shares have rocketed over 300% from March 2020 lows, shares dropped Friday after Livent reported less than stellar earnings. Hydrogen fuel cell company Plug Power Inc (NASDAQ: PLUG), based in Latham, New York, sells alternatives to traditional batteries. The company announced on Tuesday that it had entered into an agreement with Acciona S.A., a sustainable infrastructure company in Spain. The companies hope to grab 20% of the market share in Spain and Portugal through the establishment of a green hydrogen platform. Shares in Plug Power hit a high of $75.49 in January, a 134% increase since the start of the year but have recently retraced by almost 30%. FuelCell Energy Inc (NASDAQ: FCEL) has longtime partner Exxon Mobil Corporation (NYSE: XOM) behind it and in 2019 the collaboration expanded in a deal worth more than $60 million for large-scale carbon capture. Danbury, Connecticut-based FuelCell makes fuel cell power plants that generate clean energy for government, utility and municipality customers. Its products use hydrogen-rich fuels to generate power and also try to improve on the functions of traditional batteries. Shares in FuelCell soared over 175% in January, but have recently dropped over 30% as investors wait for consolidation. (Photo by Riccardo Annandale on Unsplash) See more from BenzingaClick here for options trades from BenzingaAfter Q4 Miss From Planet Fitness, 4 Analysts On What's Ahead For Gym ChainVisa, ADP Partner To Unveil New Direct Deposit Option Via Debit Card© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
10 Feb, 2021
In this article we are going to list the 15 biggest lithium mining companies in the world. Click to skip ahead and jump to the 5 biggest lithium mining companies in the world. One of the most sought-after elements of today’s world, lithium is a metal that is taking the world by storm. Having the […]