The Sayona Mining Ltd (ASX: SYA) share price has moved up 8.3% over the past two days.
The lithium miner is rebounding after resetting its 52-week low price seven times already this month.
It hit a trough of 11 cents per share on 17 August.
On Thursday, the Sayona Mining share price closed at 13 cents, up 4% for the day.
So, what's going on?
What's the latest news from Sayona Mining?
There's been no price-sensitive news from Sayona Mining since 2 August.
That was when the company announced its first revenue and shipment from its North American Lithium (NAL) Project.
Its next shipment is already at port and ready to go to its NAL joint venture partner and offtake customer, Piedmont Lithium Inc (ASX: PLL).
Volatility is the name of the game
Sayona Mining is a small-cap share with a market capitalisation of $1.39 billion.
ASX small caps are notorious for exhibiting more volatility than mid-cap or large-cap shares.
The appeal of small-cap shares is the potential for outsized growth and returns.
But with higher potential returns comes higher potential risk.
Small caps typically have access to less capital than big companies, leaving them more vulnerable to failure.
Small-cap shares also tend to be less liquid than larger-cap shares, meaning it may take more time to sell them at a price that reflects their value.
5-year snapshot of the Sayona Mining share price
Over the past five years, the Sayona Mining share price has risen by 333%.
This compares to a 13.6% rise for the S&P/ASX 200 Index (ASX: XJO).
