Here’s why the Vulcan Energy (ASX:VUL) share price is powering ahead today

The clean lithium developer’s shares are in the green on Thursday.
The post Here’s why the Vulcan Energy (ASX:VUL) share price is powering ahead today appeared first on The Motley Fool Australia. –

Key points

Vulcan Energy share price up 2.03% to $10.06
On track to be listed on the German stock exchange in February 2022
Increased exposure to International investors

The Vulcan Energy Resources Ltd (ASX: VUL) share price is in positive territory today. This follows the company’s latest update on its quest to be listed on the Frankfurt Stock Exchange (FSE).

At the time of writing, the clean lithium developer’s shares are fetching $10.06 apiece, up 2.03%. Despite today’s gains, its shares have fallen 17% in the past month.

Vulcan Energy progresses on dual listing application

In today’s statement, Vulcan Energy provided an update on its application to have its shares listed on the FSE.

The company advised it expects to be formally admitted to the German stock exchange in the first half of February 2022.

Once admitted, Vulcan Energy will be the first ASX-listed company to be listed on the regulated market of the FSE. This not only increases the international profile of the company to European investors but also provides an investment opportunity.

Vulcan Energy noted that it’s reviewing options to ensure the business and trading liquidity has the support it needs following the FSE listing. A potential capital increase could be on the cards, but no definitive decision has been made yet.

Vulcan Energy is aiming to become the world’s first lithium and energy renewables producer with net-zero greenhouse gas emissions. Its Zero Carbon Lithium Project is seeking to produce a lithium-hydroxide chemical product for the European electric vehicle battery market.

Speaking on the news possibly fuelling the Vulcan Energy share price, managing director Dr Francis Wedin commented:

Vulcan is developing the Zero Carbon Lithium Project in Germany, the heart of the fastest growing lithium battery market in the world and also aims to play a crucial role in decarbonising the region’s power and heating requirements through the provision of baseload geothermal energy.

With our projects and more than 90% of our team based in Germany, the dual listing on the FSE is an important step in expanding our European investor base and international exposure, while also fostering public and community acceptance of our Zero Carbon Lithium Project in the Upper Rhine Valley.

Vulcan Energy share price snapshot

Over the last 12 months, the Vulcan Energy share price has gained 4.3%. The company’s shares reached an all-time high of $16.65 in September, before moving on a downward channel.

Based on today’s price, Vulcan commands a market capitalisation of around $1.29 billion with approximately 131.61 million shares on issue.

The post Here’s why the Vulcan Energy (ASX:VUL) share price is powering ahead today appeared first on The Motley Fool Australia.

Should you invest $1,000 in Vulcan Energy right now?

Before you consider Vulcan Energy, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Vulcan Energy wasn’t one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of January 13th 2022

More reading

Why Vulcan (ASX:VUL) could be a lithium share with 120% upside

Here’s why the Vulcan Energy (ASX:VUL) share price is climbing today

How the Vulcan (ASX:VUL) share price almost quadrupled in 2021

The 5 best ASX lithium stocks of 2021

Here’s why the Vulcan (ASX:VUL) share price is charging 6% higher today

Motley Fool contributor Aaron Teboneras 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 Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

  • This field is for validation purposes and should be left unchanged.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US & HK* Trades. Click Here!