Top Energy Metal Stocks To Watch
There have been plenty of energy metal stocks to watch in the market recently. This sector of mining stocks has been performing well in the last year. Energy metal stocks can refer to a variety of different sectors in the market. The first of which, are stocks that are related to uranium. Uranium stocks have been going up in the market as a result of a few things.
The pandemic caused it to rally last year, but many think a short squeeze by retail investors is happening right now. Another popular mining stock is those related to graphite. There are so many other materials that can fall under this category though. This includes renewable energy, and also includes lithium. Lithium stocks are an interesting one to talk about due to the drastic increase in market share in the last year.
Lithium ion batteries are being used in electric vehicles at the moment. As you know, electric vehicles have become the largest automotive trend in the last decade. Most automakers have released plans to come out with a full electric lineup in the next decade as well.
As long as lithium ion batteries remain the primary battery source for EVs it will only cause these stocks to continue their reign in the market. In the last year, so many lithium stocks reached new record highs in the market, and many are still increasing in share price. Energy metal stocks could prove to be the future of the mining stock sector. Gold and silver may pull back after the economy recovers, but energy metal stocks could potentially remain do well. Let’s look at four top energy metal stocks to watch in the market.
Top Energy Metal Stocks To Watch
- Westwater Resources Inc. (NASDAQ: WWR)
- MDU Resources Group Inc. (NYSE: MDU)
- Lithium Americas Corp. (NYSE: LAC)
- Piedmont Lithium Limited (NASDAQ: PLL)
Westwater Resources Inc.
The first energy metal stock on this list is Westwater Resources Inc. Westwater is an energy materials business that has a diverse product lineup. The company mostly explores for lithium, graphite, uranium, and Vanadium deposits. Its primary property is the Coosa graphite project that covers 41,965 acres in east central Alabama. Westwater has interest in various lithium projects and various uranium projects too. Let’s check out its March 2021 performance so far.
WWR stock is currently traded on the NASDAQ exchange. But this is all about to change. On March 8th, Westwater announced that it will transfer WWR stock to the NYSE American Stock Exchange on March 19th, 2021. The CEO and President of Westwater said, “The New York Stock Exchange has been trading stocks for over 225 years and is the global leader in listings for a range of sectors, including technology and energy. As our company continues to grow, we want to see our shareholders benefit from this historic and prestigious platform. This is an exciting time for Westwater.”
MDU Resources Group Inc.
Next up on this list of energy metal stocks is MDU Resources Group Inc. MDU Resources is a company that will delivery energy, construction materials, and services businesses. Its electric section will distribute electricity for residential, commercial, industrial and more coustomers. It also has a Pipeline segment which deals in natural gas transportation and underground storage. Third, it has a construction materials and and contracting segment as well. Let’s take a look at its recent company performance and stock performance.
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On February 11th the company declared its quarterly dividend. This number is at 21.25 cents per share, the same as the previous quarter. This is payable on April 1st to stockholders of record March 11th, 2021.
Lithium Americas Corp.
Now let’s talk about Lithium Americas Corporation. Lithium Americas Corp. is a resource company that explores for lithium deposits. The company holds interest in the Cauchari-Olaroz Project, Thacker Pass project, and more. These projects are located in Argentina and Nevada. LAC stock price went up a lot last year. So let’s see what its performance in 2021 so far has been, more specifically in March.
On March 2nd, Lithium Americas released its full year and fourth quarter 2020 results. Some of these highlights included significant mine and plant progress, increased cash and cash equivalents, and more. But the company still ended with a net loss due to COVID.
Piedmont Lithium Limited
The final company on this list is Piedmont Lithium Limited. Piedmont Lithium explores and develops various resource projects all over the United States. The company has a 100% interest in the Piedmont lithium project that covers more than 2,126 acres in North Carolina. It also owns a 61 acre property in Kings Mountain, North Carolina. Let’s take a look at the company’s most recent performance in the market.
Piedmont has been making moves in 2021. The company took place in many different virtual conferences recently. This includes the KeyBanc CCapital Markets EV Supply Chain Spotlight, BTIG Energy Transition, Amvest Capital Webinar Series, and more. The President and CEO of the company, Keith Phillips said this in regards to the EV related conferences, “It’s an exciting time to be part of the electrification of transportation evolution, and we’re equally excited about the opportunities to talk about the unique role we have to play.”
This further adds to this company’s insane momentum. One year ago, PLL stock was a lithium penny stock at $4.45 a share on average. It will be interesting to see its continued performance as 2021 continues onwards.
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