Business
Why the Vulcan Energy (ASX:VUL) share price is charging 6% higher
The Vulcan Energy Resources Ltd (ASX: VUL) share price has been a strong performer on Thursday.
In afternoon trade, the Europe-based lithium developer’s shares are up 6% to $8.35.
Incredibly, this means the Vulcan Energy share price is now up over 200% since the start of the year.
Why is the Vulcan Energy share price charging higher today?
A number of lithium producers are climbing higher today despite there being no real industry news to speak of.
The likes of Galaxy Resources Limited (ASX: GXY), Orocobre Limited (ASX: ORE), and Pilbara Minerals Ltd (ASX: PLS) are all recording solid gains of their own.
So, today’s gain in the Vulcan Energy share price might have more to do with that than the release of its quarterly update…
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