VUL) share price up as revenue soars over 1,000%

The Vulcan Energy Resources Ltd (ASX: VUL) share price has fired up 5.6% at the time of writing to trade at $5.89.

This comes after the company released its half-year results yesterday.

Here’s a rundown of what Vulcan reported.

Vulcan Energy HY20 financials

For the HY20 period ended 31 December 2020, Vulcan posted revenue that beat the previous corresponding period (PCP) by 1,182%. Vulcan’s HY20 revenue totalled $372 thousand compared to $29 thousand in the PCP.

The lithium producer posted a total comprehensive loss of $6 million for HY20 vs a $1.8 million loss in HY19.

As of 31 December 2020, Vulcan held $5.8 million of cash and cash…