Up over 800% this year, the Element 25 (ASX:E25) share price slips on progress report

Element 25 Ltd (ASX: E25) shares leapt 2% higher on opening before giving back those gains in late morning trade. At the time of writing the Element 25 share price is down 1.5% to $1.58.

This comes following a progress report on its Butcherbird Manganese Project in Western Australia, released to the ASX this morning.

Element 25 shareholders have enjoyed a truly monumental year. Despite the shares tumbling 44% from 19 February through to 23 March during the wider COVID-19 market rout, the Element 25 share price is up a stellar 829% in 2020.

By comparison the All Ordinaries Index (ASX: XAO) is up just over 1%.

What did Element 25 report?

In this morning’s progress update, Element 25 reported it had obtained environmental approvals…