Business
Why the Metalstech (ASX:MTC) share price has rocketed today
The Metalstech Ltd (ASX: MTC) share price opened nearly 18% higher today after the mineral exploration company announced it was spinning off its lithium assets into a new, publicly-listed company.
Shares in the miner retreated through the course of the day but rallied in the closing moments of trading to an intraday high of 21 cents before closing at 19.5 cents, up 14.7%. In comparison, the All Ordinaries Index (ASX: XAO) is down 0.52%.
Let’s take a closer look at what Metalstech announced.
Metalstech recycles its lithium
In today’s release, Metalstech advised it would spin out its Québécois lithium projects into a new, yet to be named…
-
General17 hours agoMan refused bail charged with depicting Adolf Hitler and Nazi symbols on boat
-
General18 hours agoJapan’s exports rise as shipments to the US bounce back
-
Noosa News14 hours agoAlternative pathways to university explained
-
Noosa News20 hours agoTributes for woman allegedly mowed down on footpath in Maroochydore; Guilherme Dal Bo charged