Well there's a logical explanation for everything, you should see all the lithium stocks like Vulcan / Galaxy resources right now. These gains are small in comparison.
1. Copper prices have just hit an 8-year high.
2. Performance guidance has been exceeded. Company is performing very strongly.
3. Senate has been taken by the Democrats, which means a green future, This means more demand for EVs, which require a huge amount of copper, so surging demand and copper sentiment growing. China has also blocked Australian Copper imports, but C6C is based in British Columbia with headquarters in Canada. All resource stocks have been booming.
Honestly, in light of all these recent updates, I believe C6C has a lot more headwinds to come.
Ann: Copper Mountain Exceeds 2020 Production Guidance and Provide, page-9
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