Jan 2024 article
Arafura Rare Earths Ltd (ASX: ARU)The first small cap ASX share that has been named as a buy is Arafura Rare Earths.
It is the owner of the Nolans rare earths project, which aims to supply a significant proportion of the world's neodymium and praseodymium (NdPr) demand in the future.
These are critical minerals in the production of high-performance neodymium magnets. They are used in mobile phones, electric vehicles, wind turbines, and military weapons.
The team at Bell Potter is positive on the company and believes it is well-positioned due to "growing demand from the electric vehicle and wind turbine sectors in combination with a need to de-risk current supply concentration in China."
Bell Potter has a speculative buy rating and 44 cents price target on Arafura's shares. This implies that its shares could rise 175% over the next 12 months.
Jan 2024 articleArafura Rare Earths Ltd (ASX: ARU)The first...
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Last
18.5¢ |
Change
-0.005(2.63%) |
Mkt cap ! $427.4M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.0¢ | 18.0¢ | $1.431M | 7.750M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 127 | 4457230 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 735608 | 4 |
View Market Depth
| Last trade - 16.10pm 13/05/2024 (20 minute delay) ? |
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Last
18.3¢ |
Change
-0.005 ( 1.93 %) |
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| Open | High | Low | Volume | ||
| 18.8¢ | 18.8¢ | 18.0¢ | 3244792 | ||
| Last updated 15.59pm 13/05/2024 ? | |||||
| ARU (ASX) Chart |