Up more than 100% in a year, is it time to take profits on IGO shares?

IGO Ltd (ASX: IGO) shares enjoyed a strong run higher on Wednesday.

Shares in the S&P/ASX 200 Index (ASX: XJO) lithium stock closed the day trading at $8.08 apiece, up 6.6%.

For some context, the ASX 200 closed up 0.8% yesterday.

This outperformance is par for the course for IGO…