Why the Pilbara Minerals share price surged 40% in July
Australian lithium producer Pilbara Minerals Ltd‘s (ASX: PLS) share price surged 40.0% in July. That compares to a 0.9% gain from the broader All Ordinaries (INDEXASX: XAO).
Like almost every other share on the ASX, Pilbara’s shares plummeted during the selloff following the rapid spread of COVID-19. From 21 February through 23 March, Pilbara’s share price plunged 55%.
Following its 23 March low, the Pilbara Minerals share price recovered rapidly and strongly, gaining 150% by the final trading…
