Business
Here’s why the Sayona (ASX:SYA) share price has surged 235% higher this week
It has been another positive day of trade for the Sayona Mining Ltd (ASX: SYA) share price on Thursday.
At one stage today, the emerging lithium miner’s shares were up 30% to a new high of 4.7 cents.
When the Sayona share price hit that level, it meant they were up an incredible 235% this week.
Why is the Sayona share price on fire this week?
The catalyst for this strong share price gain was an announcement on Monday which revealed that it has signed a deal with US-based lithium miner Piedmont Lithium Ltd (ASX: PLL).
Piedmont Lithium has been a strong performer itself in recent months thanks to its offtake agreement with electric car giant Tesla.
According to Monday’s announcement, the two companies have signed a strategic…
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