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Galaxy Resources

 

Buy Galaxy Resources shares

GALAXY RESOURCES (GXY) Shares

ABOUT GALAXY RESOURCES

Galaxy Resources Limited, an Australian mining company, was founded in 1996 and has its headquarters in Applecross, Western Australia. The company is involved in lithium mining projects in Australia, Canada and Argentina.

Lithium compounds are utilized in the production of glass, ceramics and consumer electronics. It is an essential cathode material for long-life lithium-ion batteries used in hybrid- and electric vehicles, as well as mass energy storage systems. The company is excited about the global lithium-demand outlook, and strives to become a major global producer of lithium products.

Galaxy Resouces Limited announced a merger with its joint-venture partner in the Mt Caitlin mine, General Mining Corporation in 2016. In 2018, it also agreed to sell the northern package of tenements on the Hombre Muerto salar to POSCO of South Korea.

This sale enabled the company to maintain its original reserves of 1.14 million tonnes LCE, and added a new 4.09 million tonnes LCE resource for the company’s Sal de Vida project.

Today, the company employs about 150 people.

OVERVIEW OF GALAXY RESOURCES

  • Galaxy Resources Limited’s portfolio includes lithium production facilities, hard-rock mines and brine assets in Australia, Canada and Argentina.

  • The company wholly owns and operates the James Bay lithium pegmatite project in Quebec, Canada, as well as the Mt Cattlin mine in Ravensthorpe, Western Australia. The latter currently produces spodumene- and tantalum concentrate.

  • The company is also developing plans for the Sal de Vida lithium and potash brine project in Argentina. The latter is situated in the so-called lithium triangle (where Argentina, Bolivia and Chile meet). It currently produces 60% of the world’s lithium. Sal de Siva has immense potential as a low-cost brine-based lithium carbonate production facility.

  • The company’s James Bay Lithium Pegmatite project in James Bay, Quebec, Canada is also in its development stage.

VISION & VALUES OF GALAXY RESOURCES

  • The company is wholly committed to delivering excellent returns for shareholders who purchase company shares. It conducts its operations ethically, and adheres to the highest industry standards.

  • It puts great emphasis on the safety of employees and its business model is founded on values such as integrity, drive and accountability.

MARKET PERFORMANCE OF GALAXY RESOURCES

  • Galaxy Resources Limited trades on the Australian Securities Exchange (ASX) under the stock symbol GXY.

  • For fiscal 2018, the company reported total revenue of USUS Dollar 153.9 million, a 60% increase on fiscal 2017. Its cash margin was USUS Dollar 424/dmt sold, a 23% increase on fiscal 2017.

  • This solid performance enables shareholders who buy or sell company shares to do so in the expectation of satisfactory dividends and returns.

Buy GALAXY RESOURCES stocks / shares – A Step by Step Guide how to Buy / Purchase GALAXY RESOURCES Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy GALAXY RESOURCES Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN GALAXY RESOURCES STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE GALAXY RESOURCES STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of GALAXY RESOURCES stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy GALAXY RESOURCES stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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