The Lepidico Ltd share price is up 42% today

The Lepidico Ltd (ASX:LPD) share price has rocketed 42% higher today. Here’s what you need to know about this fledgling lithium company…

It has been yet another day of strong gains for the Lepidico Ltd (ASX: LPD) share price.

In afternoon trade the lithium exploration, development, and production company’s shares are up an incredible 42% to 6.4 cents.

What happened?

As we mentioned yesterday, investors have been fighting to get hold of Lepidico’s shares due to the significant potential of its unique L-Max technology.

It isn’t just day traders and retail investors trying to get hold of shares, even one of Australia’s leading lithium miners has taken a large stake in the company.

The L-Max process is able to produce lithium carbonate from non-conventional sources, specifically lithium-rich mica minerals including lepidolite and zinnwaldite. Management believes it has the potential to disrupt the lithium market by providing additional lithium supply from alternative sources.

And judging by the share price reaction today, it appears as though many investors agree.

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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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