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…
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