Here’s why the Liontown (ASX:LTR) share price hopped 5% today // The Motley Fool Australia

The Liontown Resources Limited (ASX: LTR) share price shot up more than 5% to an intraday high this afternoon. It has since retreated slightly to 45 cents a share, up 4.6% at the time of writing.

Today’s gain follows yesterday’s share price bump off the back of news detailing Tony Ottaviano’s appointment as CEO.

Liontown Resources is a battery metals exploration and development company with lithium discoveries at two projects. The company’s 100%-owned lithium assets at Kathleen Valley and Buldania are both located in Western Australia mining districts. The miner has a market capitalisation of $741.3 million and 1.8 billion shares outstanding.

Liontown share price soars after gold and copper results

According to…