It’s looking like another strong start for the S&P/ASX 200 Index (ASX: XJO) so far this Tuesday. At the time of writing, the ASX 200 has added a healthy 0.25%, taking it to over 6,950 points. But there’s a whole other party going on with the Core Lithium Ltd (ASX: CXO) share price.
Core Lithium shares did not look like they were going to join in the ASX 200 party this morning. In fact, this ASX lithium stock got down to around $1.44 a share soon after market open. But following this dip, Core Lithium shares spiked. The lithium producer has now risen to $1.50 a share at the time of writing, up a healthy 3.1% for the day.
So what’s going on here?
Why is the Core Lithium share price all over the place today?
Well, what we do know is that it has absolutely nothing to do with anything out of the company itself, seeing as Core Lithium hasn’t put out any official ASX news since 4 November.
However, we have also seen some volatility with some of the other ASX lithium stocks’ share prices today.
Sayona Mining Ltd (ASX: SYA) shares have been bouncing around all day, with stints in both positive and negative territory. It’s presently up by 0.83% at 24 cents a share.
Pilbara Minerals Ltd (ASX: PLS), on the other hand, has had a very strong day indeed. The leading ASX lithium producer’s shares have gained a rosy 3.94% today, putting the company at $5.40 a share.
Liontown Resources Limited (ASX: LTR) is another lithium share that has seen some bouncing around today. The company is currently up a pleasing 2.88% at $1.96 a share. But today has seen Liontown go as high as $1.99 and as low as $1.94.
So it’s been a pretty wild ride for most ASX lithium stocks today, including for the Core Lithium share price. That’s despite no real news from any of them. But this is not exactly unusual these days, so perhaps we’ll see more moving and shaking throughout the week.
The post Why is the Core Lithium share price spiking 3% today? appeared first on The Motley Fool Australia.
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More reading
- Here are the 3 most heavily traded ASX 200 shares on Monday
- Here are the top 10 ASX 200 shares today
- Here are the 3 most traded ASX 200 shares on Friday
- Which is the better ASX buy, Allkem or Core Lithium shares?
- Here are the 3 most traded ASX 200 shares on Thursday
Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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