This from Livewire Markets this morning: Sara Allen!2. Latin...

This from Livewire Markets this morning: Sara Allen!
2. Latin Resources (ASX: LRS)

Latin Resources is an Australian-based mineral exploration company with several mineral resource projects in Latin America and Australia. In Latin America, the Company's focus is on its two Lithium projects. One is in the state of Minas Gerais, Brazil and the other, the Catamarca Lithium Project is in Argentina. The Australian projects include the Cloud Nine Halloysite Project near Merredin, WA.

Latin Resources’ share prices recently surged to a five-year high after it announced multiple spodumene-rich pegmatites in a drilling program at its Salinas Lithium Project in Brazil, opening up what the company believes could be a new corridor.

Henry Jennings, senior market analyst and media commentator for Marcus Today, recently pointed to Latin Resources as a stock to watch in FY24.

“[Latin Resources and Leo Lithium] look very cheap when you can see the trajectory of those two. And if we’re talking about FY24 stock returns in a year’s time, I wouldn’t be surprised to see either of them replacing Liontown as the winners of the year,” he says.

The firm is rated a STRONG BUY, according to Market Index’s Broker Consensus widget, where it is rated with 6 Buys and 1 HOLD, as of 1 June 2023.

1 year performance from Latin Resources. Source: Market Index, 3 July 2023.