Core Lithium Ltd (ASX: CXO) shares have exploded 93% this year to date.
Despite a few ups and downs — they've been as low as 60 cents and as high as $1.69 — the company's shares have come out on top.
So how much money would I have now if I had invested in this ASX lithium share at the start of the year?
Image source: Getty Images
Good investment?
On 4 January, the first day of trading in 2022, Core Lithium shares were fetching 60 cents at market open.
Let's imagine I had invested $1,000 in Core Lithium on this day. I would have walked away with 1,666 shares at this price.
Today these shares are fetching $1.14 a share, based on Monday's closing price. Now, this investment would be worth $1,899.24. So I would have made more than $899. If I had bought $10,000 worth of shares, I would have made nearly $9,000.
Now let's take a look at the broader picture for Core Lithium shares.
On 13 September, Core Lithium hit a yearly high of $1.665 at market close. On this day, my shares would have been worth $2,773.89.
But overall, if I had invested $1,000 in Core Lithium at the start of this year, I would be very happy with my investment — despite the fact the company has not paid any dividends.
Core Lithium shared positive news to the market on Monday. As my Foolish colleague James reported, the company's Finniss Lithium mine in the Northern Territory held an official opening.
The company revealed it is "on target" to export direct shipping ore (DSO) lithium by the end of the year.
Core Lithium share price snapshot
Core Lithium shares have soared 162% in the past year, while they have descended 29% in the past month.
For perspective, the S&P/ASX 200 Index (ASX: XJO) has fallen almost 9% in the last year and 3% in the past month.
The company has a market capitalisation of about $1.98 billion.
