Business
Why the Vulcan (ASX:VUL) share price hit a record high today // Motley Fool Australia
The Vulcan Energy Resources Ltd (ASX: VUL) share price rocketed up to a record high earlier today based on an update on its Taro lithium asset. After jumping 19.28% to its peak of $1.98 this morning, the Vulcan share price has since retreated significantly. It’s now trading up 2.11% at $1.69 at the time of writing.
What did Vulcan announce?
Vulcan released an updated and reclassified resource estimate for its Taro asset. The new estimate indicated that the Taro asset includes .83 million tonnes of lithium carbonate equivalent (LCE) at a grade of 181 milligrams per litre of lithium. This was based on the acquisition and interpretation of seismic and well data.
The company also announced:
- Taro inferred resource estimate revised…
-
Noosa News15 hours agoHelicopter pilots saving lives, providing food and fodder in flooded outback Queensland
-
General14 hours agoInternal Revenue Service starts cutting 20,000 workers
-
Noosa News19 hours ago’Lethal new opioids’ prompt Wide Bay pill testing call
-
Business16 hours ago10 ASX shares to buy after the market selloff