The Neometals Ltd (ASX: NMT) share price is not going anywhere today after a trading halt was placed on the company’s shares. The Neometals share price has spent the last few days, and months for that matter, climbing enthusiastically.
Yesterday, Neometals was up almost 9% to a new 52-week high of 56 cents a share. Year to date, the company is up more than 90%, and over the past 12 months, 250%.
Neometals is an ASX lithium exploration company. The company owns a refinery project in India. In addition, Neometals owns recycling operations that extract lithium and vanadium from batteries and steel slag.
So what happened this morning?