The Hexagon Energy (ASX:HXG) share price powers up 41% today

The Hexagon Energy Materials Ltd (ASX: HXG) share price is rocketing today after the company released its quarterly activities and cash flow report.

The Hexagon Energy share price is up 40.9% at the time of writing, trading at 15.5 cents per share.

Hexagon Energy is a mineral exploration company focused on downstream graphite and rare earth processing. Its rare earths project includes RAPID SX, and graphite includes the McIntosh Graphite Project in the Kimberley region of Western Australia. Operations are also underway at the Halls Creek Gold & Base Metals Project in WA.

The Hexagon share price has been a fast mover in recent days after the company acquired Ebony Energy on 23 April. This has enabled Hexagon Energy to start the…