IGO Limited (IIDDY)
IGO Limited operates in the Industrial Materials industry of the Basic Materials sector, headquartered in Perth, WA, AU. The stock last traded at $9.41, up 0.00% on the session, giving a market capitalisation of $3.56B. On trailing twelve-month figures it carries a trailing P/E of -29.33, a net margin of -49.8%. Its beta of 0.59 implies it has historically moved less than the broad market.
IGO Limited is an Australian exploration and mining enterprise focused on discovering, developing, and managing mineral resources crucial for the clean energy transition. The company holds complete ownership and operational control over key facilities in Western Australia: the Nova nickel-copper-cobalt operation, positioned northeast of Norseman; the Cosmos nickel operation, situated north of Leinster; and the Forrestania nickel operation, located east of Perth. Additionally, IGO strategically invests in lithium mines and owns a 100% interest in the Kwinana downstream processing refinery in Western Australia, which manufactures battery-grade lithium hydroxide. Its extensive project portfolio also encompasses sites like Fraser Range, Kimberley, Paterson, Copper Coast, Frontier, Raptor, and Western Gawler. Founded in 2000 and headquartered in Perth, Australia, the company rebranded as IGO Limited in January 2020, having previously been known as Independence Group NL.
IGO Limited is most often compared with the following Basic Materials names: