Business
Why the Andromeda Metals (ASX:ADN) share price is lifting off today
The Andromeda Metals Ltd (ASX: ADN) share price is surging higher today, up 6.3% in afternoon trading.
That brings Andromeda’s share price gains to 34.2% over the past month and a stellar 410% year to date.
By comparison the All Ordinaries Index (ASX: XAO) is up 6.1% over the past month and up a slender 0.8% since 2 January.
What does Andromeda Metals do?
Andromeda Metals is an emerging industrial minerals producer. The company’s primary focus is its Great White halloysite-kaolin deposit, which it is working to bring into production. If you’re not familiar with halloysite, it adds whiteness and strength during the manufacture of porcelain, among its other uses.
Andromeda Metals is also involved in a joint venture (JV) with…
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