Shares of Fin Resources (ASX:FIN) have soared by as much as 154.6% to A$0.028, marking their highest level since April 27, 2022.

The stock is last up 81.8%, experiencing its best day since May 6, 2015, if the current gains hold.

The massive rise occurred after the mining company announced the discovery of significant potential lithium ores at an offshore mine in Quebec, Canada.

Fin Resources has also expressed confidence regarding future lithium discoveries in the region.

There has been a substantial increase in trading volume, with more than 66.7 million shares traded, which is 137.6 times the 30-day average volume of 485,163 shares.

However, despite the current surge, the stock is down by 42.1% this year, as of the last closing.

Fin Resources is a mining company specializing in the discovery and extraction of lithium ores.