This probably explains today's SP action - published by Next Small Cap:

Momentum Building in Vulcan Energy - Our Top Pick of 2020

Vulcan Energy Resources (ASX:VUL | FWB: 6KO) is gathering serious momentum since the widespread market collapse in March.

While still only capped at $15 million, the stock has doubled in price since its March low point.

But we haven’t seen anything yet, say Alster Research. The German research house set a price target of $2.45 (€1.45) per share on VUL — a huge premium to the current $0.28 share price.

Via its Zero Carbon Lithium™ Project in Germany's Upper Rhine Valley, the company is seeking to supply the crucial battery material, lithium hydroxide, to the European electric vehicle battery market — the fastest growing in the world. VUL plans to extract lithium from brine using geothermal power, a process that generates zero net carbon emissions.

This comes as the EU targets climate neutrality by 2050, working to decarbonise the energy sector and rolling out cleaner, cheaper and healthier forms of transportation.

If VUL can achieve its mission to deliver Europe’s — and the world’s — first Zero Carbon Lithium™ source, the company would no doubt reach that analyst price target and beyond.

We too at the Next Small Cap see serious long-term growth potential in VUL — especially now as the story begins to break out and gain more market support.

The company, our 2020 Pick of the Year, maintains a prime position in our long-term investment portfolio, a position that we have been adding to since we first became shareholders in August 2019.

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