Business
VUL) share price can double again
Canaccord Genuity came out with a bold $15.00 price target for the Vulcan Energy Resources Ltd (ASX: VUL) share price on Tuesday.
Vulcan shares have surged some 3,000% from a mere 20 cents to $7.20 in the past 12-months. However, this new speculative target price suggests another near-100% upside.
Why the Vulcan share price could go higher
Canaccord views Vulcan’s Zero Carbon Lithium project as an “untapped lithium resource class which will be needed to meet expected lithium demand over the long term”.
The project takes an innovative approach by extracting hot brines to generate renewable, geothermal power. It then uses direct lithium extraction (DLE) to produce battery quality lithium hydroxide.
The broker has also…
-
General18 hours agoGerman backpacker Carolina Wilga found alive in WA’s outback
-
Noosa News21 hours agoAustralian NFL player Laki Tasi comes home to convince kids to switch codes
-
Business21 hours agoHow $1,000 a month in this ASX ETF could turn into $500,000
-
Noosa News21 hours agoGrow it local | Noosa Today