Why the Talga Resources (ASX:TLG) share price hit a record high today // Motley Fool Australia

Although the Talga Resources Ltd (ASX: TLG) share price finished the day 2% lower at $1.74 on Thursday, that is only really half the story.

At one stage today, the battery anode company’s shares stormed as much as 13.5% higher to a record high of $2.01.

When the Talga Resources share price hit that level, it meant it had gained a remarkable 328% since the start of the year.

Why is the Talga Resources share price at a record high?

Investors have been fighting to get hold of the company’s shares this month following a couple of promising announcements.

The first came on 2 November when the company announced that it had entered into a non-binding tripartite letter of intent with international high-tech mining and minerals group…