Sign up now and fund within 24h to get A$10. T&Cs apply.
Claim It Now
Stake logo

IG6

International Graphite Limited

1 day chart

About IG6

International Graphite Limited (IG6) is into the development of a Western Australian vertically integrated ''mine to market'' graphite business focussing on the exploration and development of the Springdale Graphite Project in Hopetoun, Western Australia and the development of commercial downstream processing facilities in Collie, Western Australia that would treat third party concentrates and concentrates from the Springdale Graphite Project to produce industrial and battery products including battery anode materials for the global lithium-ion (Li-ion) battery industry.

Buy Australian shares starting with IG6. Invest today with a CHESS-sponsored investing platform!

Sector

Industrials

CEO

-

Industry

Electrical Equipment

Market Capitalisation

$17M

Price-earnings ratio

-8.44

Dividend yield

NaN%

High today

$0.19

Low today

$0.18

Open price

$0.19

52-week high

$0.35

52-week low

$0.16


Announcements





What does International Graphite Limited (IG6) do?

International Graphite aims to be “Western Australia’s first fully integrated mine-to-market graphite producer” and a “future supplier to the global battery minerals market.” This mineral explorer based in North Perth is specifically focused on processing, treating and producing graphite products. 

Having acquired the Springdale Graphite Project from Comet Resources (CRL) in October 2021, International Graphite intends to further explore and develop the area of approximately 180 square kilometres. The project is comprised of two granted exploration licences and a prospecting licence.

The company is also in the process of establishing a pilot plant and research and development facility at Collie in Western Australia.

International Graphite is a dual-listed company. Besides the ASX, it also trades on the Frankfurt Stock Exchange (FSE) under the ticker symbol H99.

Is International Graphite a profitable company?

No, the company is not profitable at this time. 

In the company’s FY2021 half-yearly financial report, International Graphite announced total comprehensive losses of A$1.13m loss for the year ending 31 December 2020 and A$471k for the year ending 31 December 2021.

As the company only debuted on the ASX in April 2022, International Graphite’s financial data is limited.

Is IG6 stock a buy?

Some investors believe in the long-term potential of battery anode materials and International Graphite’s ability to deliver them. Within three weeks of its 7 April 2022 debut on the ASX, the IG6 stock price more than doubled from A$0.20 to a high of A$0.46.

However, on 26 April 2022, the company signed a non-binding Memorandum of Understanding (MoU) with ZEN Energy to collaborate on building a renewable energy supply at Collie. The announcement did nothing for International Graphite, with the stock closing at A$0.035, down from its market open price of A$0.455.

While investors appear to be bullish on IG6 stock, others may be wary of the company’s financials and the infancy of its projects.

How do I buy IG6 stock?

Stake offers a quick and easy way to purchase IG6 shares – along with 2,000+ other Australian stocks and ASX ETFs – for a brokerage fee of only A$3.

Stake is a CHESS sponsored investing platform, meaning that when you invest in Australian stocks, you get a HIN (Holder Identification Number) and stocks are held in your name.

With Stake, you can be in the market in under 5 minutes, whether it's the ASX or Wall St. If you’re interested in building your portfolio by adding IG6, sign up today.

Does IG6 stock pay dividends?

No, the company does not pay any dividends at this time. The company has not declared any dividends to be paid in the future.

Who owns IG6 stock?

At 58.8% of the total float, the vast majority of IG6 stock is owned by the general public. Beyond the public, Comet Resources Pty Ltd is by far the largest owner of IG6 stock, holding 24.22%.

Individual insiders hold 14.3% of shares. Some insiders with significant holdings include Executive Chairman Phillip Hearse (10.44%), Non-Executive Director David Pass (1.92%), Non-Executive Director Andrew Worland (1.21%) and Proposed Non-Executive Director Matthew James O'Kane (0.73%).

Other shareholders include Peloton Capital Pty Ltd, Asset Management Arm (1.45%), Pamplona Capital Pty Ltd (0.86%) and Battery Limits Pty Ltd (0.33%).


IG6 FAQs

Yes, the Stake platform allows you to buy IG6 shares and over 8,000 stocks and ETFs across the ASX and Wall St.

One share of International Graphite Limited is valued at $0.19.

The ticker symbol for International Graphite Limited is IG6.

To buy IG6 stocks in Australia you'll need to open an account with an investing platform like Stake.
To do so follow these steps:
  1. Sign up in minutes, all you need is some I.D.
  2. Choose Stake AUS
  3. Deposit directly into your Stake wallet and you're ready to invest in IG6

The International Graphite Limited 52-week high stock price is $0.35.

The International Graphite Limited 52-week low stock price is $0.16.

As of 29/09/2023 International Graphite Limited has a market cap of $17M.


Related Stocks

This does not constitute financial advice. You should do your own research before making an investment decision. Past performance is not a reliable indication of future performance. No representation is made as to the timeliness, reliability, accuracy or completeness of the market data provided.


Stake logo
App Store logoGoogle Play logo

Subscribe to our free newsletters

By subscribing, you agree to our Privacy Policy.

Stakeshop Pty Ltd, trading as Stake, ACN 610105505, is an authorised representative (Authorised Representative No. 1241398) of Sanlam Private Wealth Pty Ltd (Australian Financial Services Licence No. 337927) ('Sanlam') and an authorised representative (Authorised Representative No. 1241398) of Airwallex Pty Ltd (Australian Financial Services Licence No. 487221) ('Airwallex'). Stake is not authorised by Airwallex under Airwallex’s AFSL to arrange for clients to be issued with securities as Airwallex is not authorised under its AFSL for this purpose. Stake is not authorised by Sanlam under Sanlam’s AFSL to arrange for clients to be issued with a non-cash payment facility as Sanlam is not authorised under its AFSL for this purpose. Stake SMSF Pty Ltd (‘Stake Super’) is not licensed to provide financial product advice under the Corporations Act. This specifically applies to any financial products which are established if you instruct Stake Super to set up a self managed super fund (‘SMSF’). When you sign up to Stake Super, you are contracting with Stake SMSF Pty Ltd who will assist in the establishment of a SMSF under a ‘no advice model’. You will also be referred to Stakeshop Pty Ltd to enable your trading account and bank account to be set up in order to use the Stake Website and/or App. Stakeshop Pty Ltd will also run marketing and promotions to you under. For more information about SMSFs, see our SMSF Risks page.The information on our website or our mobile application is not intended to be an inducement, offer or solicitation to anyone in any jurisdiction in which Stake is not regulated or able to market its services. At Stake and Stake Super, we’re focused on giving you a better investing experience but we don’t take into account your personal objectives, circumstances or financial needs. Any advice given by Stake is of a general nature only. As investments carry risk, before making any investment decision, please consider if it’s right for you and seek appropriate taxation and legal advice. Please view our Financial Services GuideTerms & ConditionsPrivacy Policy and Disclaimers  before deciding to invest on or use Stake or Stake Super. By using our website or service in any way, you agree to our Privacy Policy and Terms & Conditions. All financial products involve risk and you should ensure you understand the risks involved as certain financial products may not be suitable to everyone. Past performance of any product described on this website is not a reliable indication of future performance. Stake and Stake Super are registered trademarks in Australia.

Copyright © 2023 Stake. All rights reserved.