The Sayona Mining share price has rebounded 8% in 2 days. What's going on?

The lithium junior has moved off its recent 52-week low of 11 cents per share.

| More on:
A woman sits at her computer with her hand to her mouth and a contemplative smile on her face as she reads about the performance of Allkem shares on her computer

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 Sayona Mining Ltd (ASX: SYA) share price has moved up 8.3% over the past two days.

The lithium miner is rebounding after resetting its 52-week low price seven times already this month.

It hit a trough of 11 cents per share on 17 August.

On Thursday, the Sayona Mining share price closed at 13 cents, up 4% for the day.

So, what's going on?

What's the latest news from Sayona Mining?

There's been no price-sensitive news from Sayona Mining since 2 August.

That was when the company announced its first revenue and shipment from its North American Lithium (NAL) Project.

Its next shipment is already at port and ready to go to its NAL joint venture partner and offtake customer, Piedmont Lithium Inc (ASX: PLL).

Volatility is the name of the game

Sayona Mining is a small-cap share with a market capitalisation of $1.39 billion.

ASX small caps are notorious for exhibiting more volatility than mid-cap or large-cap shares.

The appeal of small-cap shares is the potential for outsized growth and returns.

But with higher potential returns comes higher potential risk.

Small caps typically have access to less capital than big companies, leaving them more vulnerable to failure. 

Small-cap shares also tend to be less liquid than larger-cap shares, meaning it may take more time to sell them at a price that reflects their value.

5-year snapshot of the Sayona Mining share price

Over the past five years, the Sayona Mining share price has risen by 333%.

This compares to a 13.6% rise for the S&P/ASX 200 Index (ASX: XJO).

Created with Highcharts 11.4.3Sayona Mining + S&P/ASX 200 Price Return (AUD) PriceZoom1M3M6MYTD1Y5Y10YALL24 Aug 201822 Feb 2025Zoom ▾20192020202120222023202420250www.fool.com.au

Should you invest $1,000 in Aspen Group right now?

Before you buy Aspen Group shares, consider this:

Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Aspen Group wasn't one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

And right now, Scott thinks there are 5 stocks that may be better buys...

See The 5 Stocks *Returns as of 7 February 2025

Motley Fool contributor Bronwyn Allen 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

Miner holding cash which represents dividends.
Dividend Investing

Here's the BHP dividend forecast through to 2029

Is the Big Australian's dividend heading higher or lower from here? Let's find out.

Read more »

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

Down 36% in a year, why this ASX 200 lithium share is at 'risk of further downside'

A leading expert says this slumping ASX 200 lithium stock still faces headwinds. But why?

Read more »

Middle age caucasian man smiling confident drinking coffee at home.
Materials Shares

Is now the perfect time to buy Rio Tinto shares?

Does Goldman Sachs expect some big returns from this mining giant's shares?

Read more »

a man weraing a suit sits nervously at his laptop computer biting into his clenched hand with nerves, and perhaps fear.
Materials Shares

Down 25% in a week: Should you buy Mineral Resources shares?

Bell Potter has given its verdict on this beaten down mining and mining services company.

Read more »

A male investor wearing a blue shirt looks off to the side with a miffed look on his face as the share price declines.
Earnings Results

IGO share price crashes 7% on 'significant challenges' and $782m loss

This mining share has had a very difficult time so far in FY 2025.

Read more »

A man looking at his laptop and thinking.
Earnings Results

Pilbara Minerals share price pushes higher despite $69m half-year loss

Let's see how this lithium miner performed during the first half.

Read more »

A mining worker wearing a white hardhat and a high vis vest stands on a platform overlooking a huge mine, thinking about what comes next.
Earnings Results

Rio Tinto share price falls on mixed FY24 result and dividend cut

This mining giant's copper operations were on fire in FY 2024. But not enough for dividend growth.

Read more »

a woman smiles as she checks her phone in one hand with a takeaway coffee in the other as she charges her electric vehicle at a charging station.
Materials Shares

The ASX 300 lithium stock to buy now following a 'major de-risking event'

A leading investing expert believes this ASX lithium producer is trading at a discount.

Read more »