Why these ASX shares just stormed to 52-week highs or better

The S&P/ASX 200 Index (ASX: XJO) was on form again on Thursday and stormed higher.

While a good number of shares climbed higher with the market, some climbed so much they hit new highs.

Here’s why these ASX shares have just hit 52-week highs or better:

Galaxy Resources Limited (ASX: GXY)

The Galaxy Resources share price continued its incredible run and hit a two and a half year high of $3.19 on Thursday. This means the lithium miner’s shares have now rallied 220% over the last six months. Investors have been scrambling to buy Galaxy and other lithium miners due to optimism over demand for the battery making ingredient thanks to the growing adoption of electric vehicles and US President Joe Biden’s plan to lead a transition…