Latrobe Magnesium Limited [ASX:LMG] share price and news 2022

Company Description

Latrobe Magnesium Limited (LMG) is developing a magnesium production plant in Victoria’s Latrobe Valley using its world-first patented extraction process. LMG intends to extract and sell magnesium metal and cementitious material from Yallourn ash, which is currently a waste stream from brown coal power generation.

Latrobe Magnesium Limited belongs to Materials sector and under industry of Diversified Metals & Mining. You can get more information about this company via their website:

This a small cap company with market cap of 27 millions.

Compared to Market and Sector

The following table compares the company to Market and Sector based on Earning, Price/Earning ratio(P/E), Price/Book ratio (P/B) and PE growth.

Company PE is less than both sector and market. while Company PB is greater than both sector and market. On the other hand, Company Earning is greater than both sector and market.

Earnings PE PB PE growth
Company 3 0 7.5 0
Market 0.85 22.3 1.99 0.84
Sector 1.02 15.5 2.44 0.55

Dividend Growth Chart

The following chart shows you how lmg dividend grows in the recent years.

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