Shaw and Partners rates AVL as Buy (1) - Weak renewable generation has triggered a resurgence in coal generation in NSW and QLD, notes Shaw and Partners. The Australian Energy Market Operator (AEMO) recently confirmed electricity produced from wind turbines has dropped to 12% since June.AEMO calculates wholesale prices rose 23% to $133/MWh across the national electricity market (NEM) in the three months to June.Australian Vanadium's flow batteries represent a large scale, longer duration answer to the grid storage problem, with better environmental credentials than lithium-ion cells, suggests the broker.The company has completed the first phase of the Optimised Feasibility Study for its Australian Vanadium Project following the merger with Technology Metals in February 2024.Buy rating and 8c target price retained.
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Last
1.4¢ |
Change
-0.001(6.67%) |
Mkt cap ! $120.8M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.5¢ | 1.4¢ | $68.73K | 4.749M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 70 | 32391013 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 18274790 | 20 |
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| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| AVL (ASX) Chart |