It's a good day to own Liontown Resources Limited (ASX: LTR) stock as the company's share price launches higher to sit among the S&P/ASX 200 Index (ASX: XJO)'s top performers.
Interestingly, there's been no news from the battery metals exploration and development company today.
However, the S&P/ASX 200 Resources Index (ASX: XJR) is among the market's leading sectors.
At the time of writing, the Liontown share price is $2.15, 10.54% higher than its previous close.
However, that's dipped from its intraday — and all-time — high of $2.19, which represented a 12.3% gain.
Let's take a closer look at how Liontown's stock is performing in comparison to the broader market on Monday.
Liontown share price hits new all-time high
The Liontown share price is surging higher as the ASX 200 records a strong start to the week.
Right now, the index is up 0.33% while all but two of its sectors trade in the green.
Perhaps unsurprisingly, Liontown's stomping ground – the ASX 200 resource sector – is among the better performers, recording a 0.87% gain.
It's closely followed by the S&P/ASX 200 Materials Index (ASX: XMJ)'s with a 0.81% gain.
Only one ASX 200 share is outperforming Liontown on Monday. The Pendal Group Ltd (ASX: PDL) share price is launching 20% on news it's received a $2.4 billion takeover offer.
Other ASX 200 lithium shares in the green today include Allkem Ltd (ASX: AKE) and Pilbara Minerals Ltd (ASX: PLS). They're currently up 8.15% and 6.27% respectively.
Today's gains included, the Liontown share price is 27% higher than it was at the start of 2022. It has also gained 440% since this time last year.
