Shares of Olympio Metals (ASX:OLY) experienced a significant increase of as much as 13.79 percent, reaching A$0.165.

This impressive performance marks their best day since the end of September.

Olympio Metals, primarily a lithium explorer, announced the completion of the second phase of their rock chip sampling program at the Cadillac lithium project located in Quebec, Canada.

The company indicated that previous rock chip results had confirmed high surface lithium grades.

Furthermore, Olympio Metals predict the outcome of their sampling to be released in approximately two weeks.

The company’s stock managed to hit its highest price since the start of October.

A total of 284,694 shares exchanged hands, a substantial rise compared with the 30-day trading average of 212,940 shares.

As of the last close, the company’s stock performance had remained flat throughout this year.

Olympio Metals (ASX:OLY) is a company that specializes in lithium exploration primarily in Canada.