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The Galaxy Resources Limited share price rose 10% today

The Galaxy Resources Limited (ASX: GXY) share price rebounded 10% to $1.70 today after a sell-off in recent days.

The mining service company’s share price is down 30% in the past 12 months.

According to Google Finance, the company’s principal activities include the production of Lithium Carbonate and exploration for minerals. Its segments include the Australian operation, Argentina operation and Canada operation.

The Australia operation segment includes the development and operation of the Mt Cattlin spodumene mine and exploration for minerals. The Argentina operation segment includes the development of the Sal de Vida project and exploration for minerals. The Canada operation segment includes the development of the James Bay project and exploration for minerals.

Shares have been volatile despite the company recently commencing shipments to China, and achieving positive earnings before interest, tax, depreciation, and amortisation (EBITDA). The shares of competitor Orocobre Limited (ASX: ORE) are also down 25% in the past 12 months.

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Motley Fool contributor Motley Fool Staff has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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