The Core Lithium Ltd (ASX: CXO) share price is back on the horse on Thursday to recover some of its losses for the week so far.
And while there’s been no news from the company to explain its surge, it’s far from alone in its gains. Many of its fellow ASX lithium shares are also taking off today.
At the time of writing, the Core Lithium share price is $1.285, 7.08% higher than its previous close.
Let’s take a look at what’s been going on with the Core Lithium share price lately.
The Core Lithium share price has made its triumphant return to the green today. It’s currently 102% higher than it was at the start of 2022.
That’s despite the stock’s poor performance for the week so far. It tumbled 5% on Monday, before slipping another 4.5% and 5.1% on Tuesday and Wednesday.
As a result, the lithium developer’s stock is still 9% lower than it was at the end of last week.
Those falls came despite the company releasing two pieces of good news to the market.
It stands to reason that today’s gains could be the market’s way of correcting after the sell-off earlier this week.
It’s also worth noting that today is proving to be a good day for many ASX lithium shares.
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