ASX-listed stocks that delivered over 100% return in August 2022

Highlights:

• The shares of Cobre Ltd (ASX:CBE), Iris Metals Ltd ( ASX:IR1), and Anson Resources Limited (ASX: ASN) have gained over 200% in the last one year.
• In this month, various ASX-listed companies announce their FY22 financial results.
• Investors mainly look at stocks that offer higher returns while making investment decisions.

The month of August was quite busy for ASX-listed stocks and Australian investors. This was because this month, companies announced their FY22 financial results. Details on a company’s financial performance give investors an idea about their prospects, which is why the results are being closely watched.

Stocks of companies with solid financial results and development during August 2022, supported shares to move up on ASX. During August 2022, many ASX listed players showed significant growth in their share price. However, we will cover three stocks that delivered over 100% in the last month and look at the developments during this period.

 Cobre Ltd (ASX: CBE):

On 30 August 2022, the share price of Cobre Ltd closed AU$0.515 per share on ASX. In the last one year, the company’s shares have gained 221.87%, while the stock is up 498.84% in the previous one month.

The company has a market capitalisation of AU$114.18 million. Recently, Cobre announced the fourth intersection of copper mineralisation from its in-progress drill program on Kalahari Metals Limited’s NCP licenses.

On 18 August 2022, CBE announced that Triprop Holdings (Pty) Limited received notification of the renewal of the five exploration licences which are held by Triprop conditional upon a binding earn-in contract with Kalahari Metals Limited. The five exploration licenses have been renewed for further 2 years until 30 September 2024.

Iris Metals Ltd (ASX:IR1):

Today, the share price of Iris Metals Ltd closed 14.953% higher and settled at AU$1.230 per share on ASX. Iris Metals’ shares are up 110.25% on YTD, while the company has gained 228% in the last one month. The company commands a market capitalization of AU$101.90 million. Recently, the company announced that it had moved expeditiously in increasing its footprint in the Black Hills of South Dakota, USA. Iris Metals Ltd’s exposure to the Black Hills has increased via staking by 292% to 2,056 lode claims covering nearly 42,287 acres over highly prospective lithium pegmatites. The company is also holding negotiations to either access or patented claims over historic lithium mines.

Anson Resources Limited (ASX:ASN):

The shares of Anson Resources Limited closed 7.017% higher and settled at AU$0.305 per share on ASX. The company has a market capitalization of AU$292.95 million. In the last one year, the company’s shares have gained ~218%, and over 134% in the last one month.

On 25 August 2022, ASN announced that it has signed a binding MoU with leading global lithium extraction technology provider Sunresin New Materials Co. Ltd for a long term strategic and commercial alliance for Anson’s Paradox Lithium Project in Utah. Under this agreement, Anson will work closely with Sunresin to negotiate deeds for construction of a full-scale commercial lithium plant by means of Sunresin’s patented Direct DLE technology.

On 22 August 2022, Anson Resources announced a significant upgradation to its JORC Code 2012 compliant Mineral Resource estimate for its Paradox Lithium in USA. The delivery of the Mineral Resource upgrade indicates a new milestone in the project’s development pathway, and it will now be included in the Project’s Detailed Feasibility Study.

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