Business
Why the Talga (ASX:TLG) share price surged by 5% today
The Talga Group Ltd (ASX: TLG) share price rocketed higher today after the company released news of a successful study. Shares in the battery anode producer closed 5.29% higher at a price of $1.89.
It has been a wildly successful year for the company as its shares have risen by an astounding 301%. These gains come amid the electric vehicle (EV) revolution that has seen companies such as Tesla Inc (NASDAQ: TSLA) and Nio Inc – ADR (NYSE: NIO) perform well this year.
Talga’s fortunes are closely aligned with EV companies, as it makes battery anodes for lithium-ion batteries. Earlier in the year Talga made waves on this front as it partnered with battery giant Farasis.
What happened
This morning Talga announced the completion of a…
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