Why the Vulcan (ASX:VUL) share price is storming 12% higher today

The Vulcan Energy Resources Ltd (ASX: VUL) share price is back on form again and is storming higher on Wednesday.

At one stage today the clean lithium developer’s shares were up as much as 12.5% to $8.19.

The Vulcan share price has since given back some of these gains but remains up 8.5% to $7.90 at the time of writing.

Why is the Vulcan share price storming higher?

Investors have been buying Vulcan shares today after it responded to media speculation that it could be about to undertake a capital raising.

According to the release, Vulcan is not conducting a capital raise at this point in time. Instead, it advised that it is undertaking a non-deal roadshow with potential investors.

The AFR had suggested that this roadshow could be…