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Why the Galan Lithium (ASX:GLN) share price is up 50% in a month
Brooke Cooper | April 15, 2021 4:42pm |
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Galan Lithium Ltd(ASX: GLN) shares have been soaring lately, surging by 50% over the past month.
On 18 March, Galan Lithium entered a trading halt. At the time, the company’s shares were swapping hands at 47 cents each. By today’s market close, the Galan share price was trading at 73.5 cents after having risen 6.5% today.
So, what’s been driving the Galan Lithium share price since 18 March? Let’s take a look.
Lithium, lithium and more lithium
Galan Lithium broke its trading halt on 22 March with exciting news, leading its share price to close 12.8% higher than the previous session.
Galan Lithium Limited is pleased to announce that it has completed a review of historical CSIRO data which enhances the prospectivity of its Greenbushes South Lithium project.
Highlights:
Historical laterite geochemistry data collected prior to mining at Greenbushes
Elevated abundances of pathfinder elements display a well-defined anomaly adjacent to Greenbushes South
Dispersion of elements into the laterite profiles include arsenic, tantalum, tin and antimony among others
Galan to commence sampling and mapping at Greenbushes South next month
Galan Lithium Limited (ASX: GLN) (Galan or the Company) is pleased to announce that it has completed a review of historical CSIRO data which enhances the prospectivity of its Greenbushes South Lithium project.
5 lithium shares that are fast-charging up in 2021
Mitchell Lawler | January 22, 2021 4:47pm |
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If there has been one sector that has been grabbing a lot of attention so far in 2021, it is lithium. After surviving a treacherous couple of years with low prices for the battery focused commodity, these lithium shares are now flourishing.
Electric vehicle demand lifting lithium shares
The growth story stems from an undeniable boom in electric vehicles (EV), with beneficiaries being the likes of
Nio Inc (NYSE: NIO), and
Xpeng Inc(NYSE: XPEV). As governments and regulatory bodies step up measures to reduce emissions, EVs are gaining traction.