HZR) share price surges 14%

The Hazer Group Ltd (ASX: HZR) share price is surging today, up 14.07% at the time of writing to $1.23 a share. That represents a market capitalisation of $177.8 million.

Hazer shares closed at $1.07 yesterday and opened at $1.13 today before climbing as high as $1.27 soon after. These levels are a new all-time high for the company. It also puts Hazer up more than 80% in the past month, and more than 200% over the past 12 months.

So what is the Hazer Group? And why is the Hazer share price rocketing today?

Lazer, blazer, Hazer?

Hazer Group is a company that, in its own words, is “pioneering a low-cost, low-emission hydrogen and graphite production process [the Hazer process]”. Hazer says this process enables the effective…