Business
Why the Zenith (ASX:ZNC) share price shot up 66% today
The Zenith Minerals Ltd (ASX: ZNC) share price is on an absolute tear. At the time of writing, the lithium miner is trading for 20 cents per share. It is down on today’s intraday (and 1-year) high of 21.5 cents a share — which marked a 66% gain — but is still 50% higher than the previous day’s close.
The positive price movement comes as the company announced “high-grade” zinc-lead discoveries at one of its mining projects.
By contrast, the S&P/ASX All Ordinaries Index (ASX: XAO) is up 0.19%.
Let’s take a closer look at today’s announcement and how it might be affecting the Zenith share price.
What’s up with the Zenith share price?
In conjunction with Rumble Resources Ltd (ASX: RTR), Zenith announced promising…
-
Business19 hours agoWhy Austal, Boss Energy, Harvey Norman, and NextDC shares are charging higher today
-
Noosa News16 hours agoPill checking to resume in Queensland months after government axed funding
-
Business20 hours agoASX shares are expensive. Here’s why you should be buying anyway
-
Business18 hours agoWhy Lynas, Mesoblast, PEXA, and Sayona Mining shares are tumbling today