Company Information
Argosy Minerals Limited (ASX: AGY)
Argosy Minerals Limited is an Australian company primarily focused on lithium projects. Its main venture is the Rincon Lithium Project situated in Argentina’s Salta Province, covering a considerable area of nearly 2,794 hectares. This project sits in a region known for its rich mineralization and other nearby lithium production and development activities. Additionally, Argosy Minerals holds the Tonopah Lithium Project in Nevada, USA, with 425 claims spread across roughly 34.25 square kilometers, likened to the nearby Silver Peak Lithium Mine in terms of geology and structure.
Financially, Argosy Minerals has reported a total trailing twelve-month revenue of AUD 907.62 thousand. However, the company has experienced a significant net loss of AUD 10.62 million. Since its establishment in 2010, the company has grown to employ two individuals. Despite increasing its revenue by 63.05%, from AUD 556.65 thousand to AUD 907.62 thousand, the net income has fallen dramatically by 5,941.54%, going from a modest loss to a notably larger one of AUD 10.62 million. The company’s contact details and additional information, such as its website, can be easily found online for those interested.
Top Australian Brokers
- eToro - Social and copy trading platform - Read our review
- IC Markets - Experienced and highly regulated - Read our review
- Pepperstone - Trading education - Read our review
Argosy Minerals Limited (ASX: AGY) Live Chart
Argosy Minerals Limited (ASX: AGY) Forecast
The consensus among three Wall Street analysts is that Argosy Minerals Limited has a potential upside in its stock price over the next twelve months. The average target price set by these analysts is AU$0.24, with the most optimistic analyst setting a target at AU$0.32 and the most cautious analyst setting the lowest target at AU$0.16. This average target price indicates an expected increase of 97.84% from the company’s last trading price of AU$0.12.
Latest Argosy Minerals Limited News
Argosy Minerals Limited (ASX: AGY) Performance
Argosy Minerals Limited (ASX: AGY) Fundamentals
Argosy Minerals Limited (ASX: AGY) Competitors
Don’t Buy Just Yet
You will want to see this before you make any decisions.
Before you decide which shares to add to your portfolio you might want to take a look at this special report we recently published.
Our experts picked out The 5 best ASX shares to buy in 2024.
We’re giving away this valuable research for FREE.
Click below to secure your copy
