If I'd invested $1,000 in Core Lithium shares at the start of 2022, here's what I'd have now

It's been a good year so far for the lithium favourite and its investors.

| More on:
Couple counting out money

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

Key points

  • Core Lithium shares have soared 93% in 2022 so far
  • In the past year, they have surged by 162% 
  • Core Lithium is exploring the Finniss Lithium Project in the Northern Territory 

Core Lithium Ltd (ASX: CXO) shares have exploded 93% this year to date.

Despite a few ups and downs — they've been as low as 60 cents and as high as $1.69 — the company's shares have come out on top.

So how much money would I have now if I had invested in this ASX lithium share at the start of the year?

Good investment?

On 4 January, the first day of trading in 2022, Core Lithium shares were fetching 60 cents at market open.

Let's imagine I had invested $1,000 in Core Lithium on this day. I would have walked away with 1,666 shares at this price.

Today these shares are fetching $1.14 a share, based on Monday's closing price. Now, this investment would be worth $1,899.24. So I would have made more than $899. If I had bought $10,000 worth of shares, I would have made nearly $9,000.

Now let's take a look at the broader picture for Core Lithium shares.

On 13 September, Core Lithium hit a yearly high of $1.665 at market close. On this day, my shares would have been worth $2,773.89.

But overall, if I had invested $1,000 in Core Lithium at the start of this year, I would be very happy with my investment — despite the fact the company has not paid any dividends.

Core Lithium shared positive news to the market on Monday. As my Foolish colleague James reported, the company's Finniss Lithium mine in the Northern Territory held an official opening.

The company revealed it is "on target" to export direct shipping ore (DSO) lithium by the end of the year.

Core Lithium share price snapshot

Core Lithium shares have soared 162% in the past year, while they have descended 29% in the past month.

For perspective, the S&P/ASX 200 Index (ASX: XJO) has fallen almost 9% in the last year and 3% in the past month.

The company has a market capitalisation of about $1.98 billion.

Motley Fool contributor Monica O'Shea has no position 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 Scott Phillips.

More on Materials Shares

smiling worker stands before power generator technology
Materials Shares

Fortescue shares jump 5% on record performance

This mining giant was in fine form during the quarter.

Read more »

A man casually dressed looks to the side in a pensive, thoughtful manner with one hand under his chin, holding a mobile phone in his hand while thinking about something.
Materials Shares

Should you buy Pilbara Minerals shares today?

Let's see if analysts think investors should be buying the lithium giant's shares.

Read more »

Image of young successful engineer, with blueprints, notepad and digital tablet, observing the project implementation on construction site and in mine.
Materials Shares

Expert says this ASX mining stock could rise almost 30%

Let's see which miner is being tipped as a buy for investors right now.

Read more »

a mine worker holds his phone in one hand and a tablet in the other as he stands in front of heavy machinery at a mine site.
Materials Shares

BHP shares charge higher on record copper and iron ore production

Let's see how the miner performed during the fourth quarter.

Read more »

A man stands with hands on hips surveying construction of three high-rise buildings.
Materials Shares

Building activity on the rise – will ASX materials shares benefit?

New data from the March quarter shows a sharp rise in building activity. 

Read more »

Man smiling at a laptop because of a rising share price.
Materials Shares

Macquarie predicts 11% upside for this ASX materials stock

Here's why the broker is positive on the stock.

Read more »

Miner and company person analysing results of a mining company.
Materials Shares

Rio Tinto share price falls on Q2 update

Let's see what the mining giant reported for the second quarter.

Read more »

a man in a hard hat and high visibility vest smiles as he stands in the foreground of heavy mining equipment on a mine site.
Materials Shares

Could these 3 ASX materials shares be set to double?

This broker has buy ratings and aggressive price targets for these holdings. 

Read more »