Sheffield (ASX:SFX) share price soars 14% on joint venture completion

The Sheffield Resources Ltd (ASX: SFX) share price is soaring on the back of a late market release. The mineral exploration company announced that it has completed the joint venture agreement with YGH Australia Investment Pty Ltd (Yansteel).

For most of the day, the company’s shares were trading relatively flat. However, upon the news breaking on the ASX, the Sheffield share price accelerated to 42.5 cents.

At the time of writing, Sheffield shares have retreated back to 41 cents, up 13.89% with only moments of trading left for the week.

What’s driving the Sheffield share price higher?

The Sheffield share price is racing higher as…