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Halliburton's Trading Volume Drops 32.14% to $328 Million Ranking 250th Despite Securing Major Lithium Extraction Contract
Generated by AI AgentAinvest Volume Radar
Tuesday, Jun 24, 2025 8:03 pm ET1min read
On June 24, 2025, Halliburton's trading volume reached $328 million, a significant decrease of 32.14% from the previous day, ranking 250th in the day's stock market activity. Halliburton's stock price increased by 0.10%.
Halliburton has secured a contract for GeoFrame Energy's geothermal and direct lithium extraction (DLE) project in Texas. This project involves designing the first demonstration phase wells in the Smackover Formation, marking a significant step in reducing U.S. reliance on lithium imports. The contract underscores Halliburton's expertise in innovative energy solutions and its commitment to advancing sustainable technologies.
This strategic partnership with GeoFrame Energy not only positions
at the forefront of the growing lithium extraction industry but also aligns with the company's broader goals of supporting the transition to cleaner energy sources. The project is expected to have a positive impact on Halliburton's long-term growth prospects, as it diversifies the company's revenue streams and enhances its technological capabilities.
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