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.
BlackRock World Mining Trust Plc - Final Results
PR Newswire
Annual Results Announcement (Article 4 Transparency Directive, DTR 4.1)
for the year ended 31 December 2020
Performance record
536.34
522.00
2,3
3
3
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1 The change in net assets reflects market movements, dividends paid and the buyback of ordinary shares into treasury during the year.
2 This is the difference between the share price and NAV per share with debt at par. Further details of the calculation of the discount are given in the Glossary in the Annual Report and Financial Statements.
3 Alternative Performance Measures, see Glossary in the Annual Report and Financial Statements. Performance figures are calculated in sterling terms with dividends reinvested.