Why the Centaurus Metals (ASX:CTM) share price is up 17% in a week

The ore resources explorer extends its run into the green today

| More on:
A drawing of a rocket follows a chart up, indicating share price lift

Image source: Getty Images

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 Centaurus Metals Limited (ASX: CTM) share price has delivered outsized returns over the previous week.

In addition, whereas the S&P/ASX 200 Index (ASX: XJO) has posted a return of 2.66% over the last month, Centaurus shares have climbed 29.5% into the green over this time.

Let's zoom in on what's behind the rise of the Centaurus Metals share price over the last week.

Jaguar Nickel Sulphide project to be class-leading

Centaurus announced on 2 August that its Jaguar Nickel Sulphide mine in Brazil was potentially "one of the world's foremost nickel projects in terms of its carbon footprint".

A Centaurus commissioned study by a "specialist metals and mining ESG research company" designated that label for the company.

As a result, Centaurus believes it is in a prime position to drive investment from "leading ESG-focused investors and institutions".

In addition, the study results confirm the Jaguar project's status as a "class leading" site that can process a "nickel sulphate product on site".

The Jaguar site also has other "unique attributes" that fold into its low-emissions designation, thereby reducing its carbon footprint. For instance, it is "largely" powered by renewable energy.

Moreover, Jaguar produces E1 emissions at "4.69 tonnes of CO2/tonne of nickel equivalent". This comes in at a lower rate than "97% of existing global nickel production", as per the company.

The Centaurus Metals share price has climbed 9.2% into the green since the open on 2 August, also setting a 52-week high.

Centaurus shares are now exchanging hands at $1.01 apiece, a 1.5% gain on the day.

Centaurus Metals share price snapshot

The Centaurus Metals share price has posted a year to date gain of 23%, extending the previous 12 month's return of 104%.

These results have outpaced the broad index's climb of around 26% over the past year.

At the time of writing, Centaurus has a market capitalisation of $356 million.

The author Zach Bristow has no positions in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Gainers

Unsure man analysing data on laptop.
Share Gainers

Here are the top 10 ASX 200 shares today

ASX investors endured a rough day of trading this Tuesday.

Read more »

A mature-aged couple high-five each other as they celebrate a financial win and early retirement
Share Gainers

Why this ASX 300 stock is soaring 12% after a disastrous year

This company has had a dramatic reversal of fortunes this Tuesday...

Read more »

A young woman wearing overalls and a yellow t-shirt kicks one leg in the air showing excitement over the latest ASX 200 shares to hit 52-week highs
Share Gainers

Why Core Lithium, Imugene, Lifestyle Communities, and Mineral Resources shares are charging higher

These shares are having a good session. What's going on?

Read more »

A young woman smiles as she rides a zip line high above the trees.
Share Gainers

4 ASX All Ords shares up 315% to 682% in a year!

Investors have sent these ASX All Ords shares flying higher. But why?

Read more »

Man standing on rock next to turquoise salt lagoon.
Share Gainers

Here are the top 10 ASX 200 shares today

Investors enjoyed a great start to the trading week today.

Read more »

Smiling couple looking at a phone at a bargain opportunity.
Share Gainers

Why Austal, Breville, Telix, and Westgold shares are pushing higher today

These shares are starting the week positively. But why?

Read more »

A couple sits on a sofa, each clutching their heads in horror and disbelief, while looking at a laptop screen.
Share Gainers

Here are the top 10 ASX 200 shares today

Investors endured a rough Friday to close the trading week today.

Read more »

Man drawing an upward line on a bar graph symbolising a rising share price.
Share Gainers

Why Pointsbet, Qantas, Serko, and Yandal shares are pushing higher today

These shares are avoiding the market selloff today. But why?

Read more »