Why Altura Mining, Galaxy Resources, Wellard, and Yojee shares are sinking lower today

The Galaxy Resources Limited (ASX:GXY) share price and the Yojee Ltd (ASX:YOJ) share price are two of four sinking lower today…

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has built on last week's solid gain and is higher in early afternoon trade. At the time of writing the benchmark index is up 0.6% to 5,688.1 points.

Four shares that have failed to follow the market higher today are listed below. Here's why they are ending the year with a day in the red:

The Altura Mining Ltd (ASX: AJM) share price is down over 3% to 15 cents. The majority of the lithium miners are in the red today, possibly due to profit taking following a rally in their respective share prices over the last few trading days. This decline means the Altura share price has lost two-thirds of its value in 2018.

The Galaxy Resources Limited (ASX: GXY) share price has dropped 2.5% to $2.17. As well as being caught up in the general lithium miner weakness today, this morning Galaxy provided an update on its Sal de Vida operation. The market appears disappointed that it has yet to find a strategic partner despite being in negotiations with numerous suitors.

The Wellard Ltd (ASX: WLD) share price has tumbled almost 7% to 5.5 cents after the cattle exporter announced that it has received preliminary reports that the Turkish Government has imposed a halt on the import of live feeder cattle into Turkey from all countries. Management warned that at this stage it is not possible to predict the impact it will have on the company's shipping schedule in 2019.

The Yojee Ltd (ASX: YOJ) share price has continued its slide and is down a further 3% to 6.4 cents. At one stage today the logistics software company's shares were trading at a 52-week low. Investors appear disappointed with the company's financial performance this year despite countless promising announcements over the last couple of years. In the September quarter the company reported cash receipts of just $118,000 compared to outflows of $2 million.

Motley Fool contributor James Mickleboro owns shares of Galaxy Resources Limited. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Fallers

A man sits in despair at his computer with his hands either side of his head, staring into the screen with a pained and anguished look on his face, in a home office setting.
Share Fallers

Why EML, GQG Partners, IGO, and Integrated Research shares are sinking today

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a strong gain. At the time of…

Read more »

A woman with short brown hair and wearing a yellow top looks at the camera with a puzzled and shocked look on her face as the Westpac share price goes down for no reason today
Share Fallers

Why Bellevue Gold, Mesoblast, Pilbara Minerals, and Wesfarmers shares are dropping today

These shares are ending the week deep in the red. What's going on?

Read more »

Frustrated stock trader screaming while looking at mobile phone, symbolising a falling share price.
Share Fallers

Why AGL, CBA, Deep Yellow, and Megaport shares are sinking today

These shares are falling more than most today. What's going on?

Read more »

A wide-eyed man peers out from a small gap in his black zipped jumper conveying fear over the weak Zip share price
BNPL shares

Why did the Zip share price just crash 9%?

Investors seem to be singling Zip out for punishment today...

Read more »

a woman holds her hands to her temples as she sits in front of a computer screen with a concerned look on her face.
Share Fallers

Why Capricorn Metals, Insignia, Sayona Mining, and Southern Cross Gold shares are falling today

These shares are having a tough time on hump day. But why?

Read more »

Three guys in shirts and ties give the thumbs down.
Share Fallers

Why Data#3, Elders, Karoon Energy, and Tyro shares are falling today

These shares are having a tough session on Tuesday. But why?

Read more »

A man in a suit looks sad as oil is spilled from a barrel.
Energy Shares

This $1 billion ASX 200 energy stock is diving 7%! Here's why

This ASX energy company is taking a beating on Tuesday. But why?

Read more »

A man looking at his laptop and thinking.
Technology Shares

Why did the Appen share price crash 15% today?

Appen shares remain up more than 250% this year.

Read more »