The QEM (ASX:QEM) share price is up 15% today, 55% in a week

The QEM Ltd (ASX: QEM) share price is surging again today. At the time of writing, the vanadium and energy company’s shares are trading for 27 cents, up 15.22% from yesterday’s closing price.

Let’s take a look at what’s driving the QEM share price higher.

Floating away on hydrogen  

While there is no news from QEM so far this week, today’s gains may be residual from the company’s big news last Monday.

On 15 March, the company announced it will be pursuing a hydrogen initiative in outback Queensland. Both the announcement and an accompanying investor presentation released two days later sent the QEM share price soaring. Last Monday,…