Talga Resources (ASX: TLG) attracted an ASX price and volume query before the Easter break as its shares continue to soar.
The stock and hit an intra-day high of $0.285 yesterday, which was up 21.7% from the previous close of $0.23.
Since October last year, the company has risen more than 5-fold.
In February, Talga made a breakthrough in single-step graphene recovery that would allow it to use unprocessed graphite ore from its Nunasvaara deposit in Sweden, by-passing intermediate processing stages.
Graphene can be described as a one-atom thick layer of graphite.
Nunansvaara carries a JORC Resource of 7.6 million tonnes at 24.4% graphite and is considered to be one of the world's highest grade graphite resources.
Takers of Talga's placement last month which raised $1.7 million at $0.085 have a paper profit of more than three times.
Those who participated in the placement and entitlement offer late last year are now sitting on even more handsome profits, as $1.48 million was raised at $0.05 per share.
The company is now valued at around $25 million.
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