With the Archer Materials (ASX:AXE) share price up 222% this year, what’s next?

The Archer Materials Ltd (ASX: AXE) share price was off to a great start this year, gaining more than 52% in January.

By 17 April, though, Archer had given all those gains back and was again trading at 16 cents per share.

With hindsight as our guide, that would have been an excellent time to pick up some shares. Since 17 April (and thus since 2 January) Archer’s share price is up 222% to 52 cents per share at close of trade today. By comparison the All Ordinaries Index (ASX: XAO) is up just under 2% so far in 2020.

What’s next for Archer Materials?

In a progress report released to the ASX today, Archer reported that the South Australian government has given the green light on its Program for Environment Protection and…