Up 214% in a month, what’s up with Winsome Resources (ASX:WR1)?

2 min read | November 21, 2022 03:26 PM AEDT | By Khushboo Joshi

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Up 214% in a month, what’s up with Winsome Resources (ASX:WR1)? — Image source: © Gavinp101 | Megapixl.com

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Highlights

Lithium-focused exploration firm Winsome Resources will be raising AU$6.8 million to accelerate its lithium projects.

The shares of the company have gained more than 214% in the last month of trade on the ASX.

In the last year, the shares have surged 360% on the ASX.

Founded in April 2021 and ASX-listed in November 2021, This lithium-focused firm Winsome Resources (ASX:WR1) has four hard-rock lithium-focused assets in Quebec, Canada. The company’s flagship Cancet project stands at an advanced exploration stage with extensive diamond drilling and metallurgical test work completed. High grades of lithium were detected near the surface in initial assay results.

The shares of the company have gained 10.14% in the last five trading days on the ASX while they have risen 214.47% in the last month. In the previous six months on the ASX, the shares have moved up 177.91%, and in the previous one year, the stock gained 359.62% on the ASX. Looking at a broader picture, in the last five years on the ASX, the shares of the company have surged by a significant 222.97%.

Why has Winsome been in the news lately?

Meanwhile, the shares of the company were spotted trading 7.981% higher at AU$1.150 apiece at 3:09 PM AEDT on the ASX today.

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