Connect with us

Business

Why the Galan Lithium (ASX:GLN) share price is up 50% in a month

Published

on

ADVERTISEMENT

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.

Just prior to the market’s open on 22 March, the company announced test results had found the brine evaporation process at its Hombre Muerto…



Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

3 little-known ASX dividend shares offering big income on Saturday 15 May 2021
These were the worst performing ASX 200 shares last week 15 May 2021