Why Vulcan Energy (ASX:VUL) is trading lower today

Be the First to Comment Read

Why Vulcan Energy (ASX:VUL) is trading lower today

ASX:VUL, Vulcan Energy Limited, ASX, energy stocks
Image source: © Rastudio | Megapixl.com


  • Vulcan Energy’s share price is at its three-month low on ASX today.
  • VUL shares are under lithium sector downtrend.
  • However, Vulcan has received an Italian research permit, in line with its Zero Carbon Lithium™ business.

Shares of Vulcan Energy Resources Limited’s (ASX:VUL) continued its free fall on the ASX today. VUL’s share price, has taken a 3.71% dip witnessing share sell-off on ASX today. Continuing losses, VUL shares have reached AU$9.070 each, as at 11:06 AM AEDT, being its lowest in last three months.

What’s making VUL shares dip further on ASX today?

  • Vulcan seeks to become world’s first integrated lithium and renewable energy producer, having a net zero carbon footprint.
  • As per its today’s ASX release, Vulcan’s subsidiary-Vulcan Energy Italy Pty Ltd has been granted a new Research Permit in Italy. The ‘Cesano’ permit includes an area contains high average lithium-in-brine.
  • However, today Lithium stocks listed on ASX, including Pilbara Minerals (ASX:PLS), Liontown Resources (ASX:LTR), are all in red.

How is Vulcan progressing with its’ Cesano permit?

  • Vulcan’s in-house, German geological team is collaborating with few Italian geologists and other local stakeholders to collect historical data for assessment of the lithium content and project development potential.
  • The Cesano Project if successful, shall become a strategic and sustainable resource for Vulcan, to serve the European battery and electric vehicle market. The European markets are said to be the fastest growing ones globally.

Bottom line-

The sectoral slump seems to be weighing down on VUL shares today. Despite a positive development, VUL shares have lost their shine, further extending shareholder’s losses.

More from Mining- Why Regis (ASX:REG) lowered its full-year production guidance


Speak your Mind

Featured Articles

kalkine logo


Top Penny Picks under 20 Cents to Fit Your Pocket! Get Exclusive Report on Penny Stocks For FREE Now.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK