Why the Vulcan Energy (ASX:VUL) share price is surging higher today
This lithium explorer has started the week strongly…
James Mickleboro has been a Motley Fool contributor since late 2015. After studying economics at university back home in the United Kingdom, James came to live in Australia and managed to land a job at an Australian fund manager. This was the start of a love affair with Australian equities and he hasn t looked back since. James is part of the CFA Institute s Chartered Financial Analyst program and hopes it teaches him how to become an astute investor which allows him to help others with their own investing. Outside of reading and researching he spends many a late night watching the English Premier League and Seinfeld reruns.
Why the Vulcan Energy (ASX:VUL) share price will be in the spotlight today
This ASX share has been on the move of late….
Aaron Teboneras has been a Motley Fool contributor since early August 2020. After graduating from RMIT University with a Business degree, Aaron spent most of his years either travelling or working in various industries. Aaron’s most notable appointments include National Australia Bank, and Computershare where he discovered his passion for the Australian sharemarket. Outside of researching and writing for Motley Fool, Aaron enjoys trekking on adventures across the world and learning new life skills.
Latest posts by Aaron Teboneras (see all)
Why the Vulcan Energy (ASX:VUL) share price is charging 6% higher
James Mickleboro | April 29, 2021 3:37pm |
More on:
In afternoon trade, the Europe-based lithium developer’s shares are up 6% to $8.35.
Incredibly, this means the Vulcan Energy share price is now up over 200% since the start of the year.
Why is the Vulcan Energy share price charging higher today?
A number of lithium producers are climbing higher today despite there being no real industry news to speak of.
The likes of
Pilbara Minerals Ltd(ASX: PLS) are all recording solid gains of their own.
So, today’s gain in the Vulcan Energy share price might have more to do with that than the release of its quarterly update this afternoon.
Vulcan Energy (ASX:VUL) to acquire Global Geothermal
Source: The Market Herald
SubscribeBe the first with the news that moves the market
Vulcan Energy Resources (VUL) has signed a binding agreement to acquire 100 per cent of Global Geothermal (GGH)
GGH is Vulcan’s minority joint venture partner in the granted Taro licence in the Upper Rhine Valley
Vulcan’s acquisition will consolidate its holding in the Upper Rhine Valley and help advance the Zero Carbon Lithium Project towards production
The company will complete the acquisition entirely through share-based payments, with most based on project development milestones
Vulcan Energy Resources closed 3.12 per cent higher at $7.60 per share