Why is the lake resources share price soaring?

The Lake Resources N.L. ( ASX: LKE) share price is rocketing after the company revealed its Kachi Project’s demonstration plant has already produced at-spec lithium product. The Lake Resources share price is soaring 10.38% on the back of the news. It’s currently trading at $1.17.

Why is the lake resources share price in the Red?

The Lake Resources share price is in the red once more today despite the company’s silence. It follows the stock’s disastrous Wednesday tumble, seemingly spurred by news of conflict between the company and its Kachi Project partner Lilac Solutions amid the market’s sell-off.

Why are Lake Resources shares gaining?

Lake Resources’ shares are gaining after the company released news of a successful quarter’s work. The Lake Resources share price is up on the back of its quarterly financial report. Within the report, the company announced it spent around $1.02 million on staffing, administration, and corporate costs over the fourth quarter.