The Lake Resources N.L. (ASX: LKE) share price is surging ahead during Thursday afternoon trading.
Shares of the lithium explorer are currently at their intraday high of $1.33 each, 9.92% higher.
Other ASX lithium shares are also performing brilliantly on Thursday, including a couple reaching new all-time highs.
Pilbara Minerals Ltd (ASX: PLS) reached a new all-time high of $4.22 per share this afternoon, with the company's shares currently trading at $4.21 each, up 6.58%.
Meanwhile, shares of Allkem Ltd (ASX: AKE) also reached a new record high of $15.02 today. The Allkem share price is currently $14.955, a gain of 6.21%
And finally, Mineral Resources Limited (ASX: MIN) is also well in the green, up 6.47% at the time of writing with its shares currently trading for $63.35 each.
The S&P/ASX 200 Materials Index (ASX: XMJ) is up 2.41% for the day so far.
What's stunning is that there's no news today from Lake Resources — or about lithium shares in general — to make sense of the price surge. But yesterday, some major developments occurred. Let's cover the highlights.
Image source: Getty Images
What happened?
Yesterday, Lake Resources appointed a new CEO and managing director, David Dickson, to lead the company.
Lake Resources executive chairman Stuart Crow commented on the appointment:
David combines proven leadership experience and engineering expertise with a deep strategic understanding of off-taker and investor perspectives on energy supply chains. David knows all the major oilfield services and EPCM contractors who are looking to expand into the renewable economy … including those companies skilled in environmentally friendly drilling and reinjection – a key to Lake expanding at scale.
And as reported by ABC News, electric vehicle sales are reported to have hit a record high. The Federal Chamber of Automotive Industries (FCAI) stated that 95,236 new vehicles were sold in August, up 17.3% from the same month last year.
A total of 717,575 vehicles have been purchased so far in 2022 with electric vehicles accounting for 13.27% of the total.
Lake Resources share price snapshot
The Lake Resources share price is up 29% year to date. Meanwhile, the S&P/ASX 200 Index (ASX: XJO) is down 10.5% over the same period.
The company's current market capitalisation is $1.81 billion.
