Why Core Lithium, Deep Yellow, Goodman, and Talga shares are falling today

These ASX shares are starting the week in the red. But why?

| More on:
A young woman holds an open book over her head with a round mouthed expression as if to say oops as she looks at her computer screen in a home office setting with a plant on the desk and shelves of books in the background.

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

In early afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a small gain. At the time of writing, the benchmark index is up 0.3% to 6,998 points.

Four ASX shares have failed to follow the market's lead today are listed below. Here's why they are falling:

Core Lithium Ltd (ASX: CXO)

The Core Lithium share price is down 2.5% to 37.5 cents. This is despite there being no news out of the lithium miner. However, it is worth noting that most ASX lithium shares are falling on Monday even though their peers on Wall Street ended the week strongly.

Deep Yellow Limited (ASX: DYL)

The Deep Yellow share price is down 9% to $1.20. This may have been driven by profit-taking from some investors in the uranium industry after strong gains in recent months. Deep Yellow's shares have almost doubled in value since the end of July. This has been driven by optimism over long-term uranium demand, which has driven prices of the chemical notably higher.

Goodman Group (ASX: GMG)

The Goodman share price is down 1% to $21.83. This follows the release of the industrial property company's quarterly update. Although Goodman delivered a positive update, some investors may be disappointed that it didn't upgrade its guidance. It continues to forecast operating earnings per share growth of 9% in FY 2024.

Talga Group Ltd (ASX: TLG)

The Talga share price is down 5% to $1.03. This morning, this graphite developer announced a share purchase plan aiming to raise $15 million at a 9% discount of $1 per new share. Proceeds from the share purchase plan will be used to progress critical path development activities for the Vittangi Anode Project, including Refinery site establishment costs, and general working capital.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Goodman Group. The Motley Fool Australia has recommended Goodman Group. 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

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

Why Block, Corporate Travel Management, Judo, and Zip shares are sinking today

These shares are missing out on the good times on Friday. But why?

Read more »

Man with a hand on his head looks at a red stock market chart showing a falling share price.
Share Fallers

These were the worst-performing ASX 200 shares in April

These shares were out of form last month. But why?

Read more »

Man waiting for his flight and looking at his phone.
Travel Shares

Corporate Travel shares crash 11% as Trump tariffs bite

Trump’s tariffs are roiling Corporate Travel shares on Friday.

Read more »

A young man clasps his hand to his head with his eyes closed and a pained expression on his face as he clasps a laptop computer in front of him, seemingly learning of bad news or a poor investment.
Share Fallers

Why Brainchip, DroneShield, Resolute Mining, and Woodside shares are falling today

These shares are under pressure on Thursday. What's going on?

Read more »

Man with a hand on his head looks at a red stock market chart showing a falling share price.
Share Fallers

Why Appen, Bank of Queensland, Novonix, and Ora Banda shares are falling today

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

Read more »

A woman with a sad face looks to be receiving bad news on her phone as she holds it in her hands and looks down at it.
Share Fallers

Why Brainchip, Catalyst Metals, Northern Star, and Pact Group shares are tumbling today

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

Read more »

A man holds his head in his hands, despairing at the bad result he's reading on his computer.
Share Fallers

Why Brambles, Bravura, Pantoro, and Telix shares are sinking today

These shares are starting the week in the red. But why?

Read more »

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

Why DroneShield, Generation Development, Oneview, and PWR shares are falling today

These shares are ending the week in the red. But why?

Read more »