24-May-2024
Lithium Americas Advances with New Directors
TipRanks (Fri, 24-May 5:57 PM ET)
Lithium Americas Reports 2024 Annual General and Special Meeting Results
Business Wire (Fri, 24-May 5:49 PM ET)
This Week in Lithium: SQM’s Dismal Q1 and Short Seller Action in LAC
TipRanks (Fri, 24-May 8:39 AM ET)
Lithium Americas drops amid short from Bleecker Street Research
Seeking Alpha News (Thu, 23-May 10:29 AM ET)
Lithium Americas drops amid short report from Bleecker Street Research
Seeking Alpha News (Thu, 23-May 10:29 AM ET)
Lithium Americas Reports First Quarter 2024 Results
Business Wire (Mon, 13-May 7:00 AM ET)
Lithium Miners Strategize for Long-Term Gains as Market Recovers
PRNewswire (Fri, 3-May 12:30 PM ET)
NACCO INDUSTRIES ANNOUNCES FIRST QUARTER 2024 RESULTS
PRNewswire (Wed, 1-May 4:45 PM ET)
Lithium Americas Closes US$275 Million Underwritten Public Offering
Globe Newswire (Mon, 22-Apr 12:34 PM ET)
Lithium Americas Prices US$275 Million Underwritten Public Offering
Globe Newswire (Thu, 18-Apr 1:56 AM ET)
Lithium Americas is a pure-play lithium producer. The firm owns one resource, Thacker Pass, that is located in northwest Nevada. Thacker Pass recently began construction and is expected to begin production in the mid- to late 2020s. Thacker Pass is one of the largest known lithium resources in the world. The project would be the first clay-based asset to enter production, and we estimate it will be in bottom half of the global cost curve. Management plans to develop Thacker Pass into a fully integrated lithium production site, with downstream refining capabilities on site, and will sell into the lithium chemical market.
Lithium Americas Corp. Common Shares trades on the NYSE stock market under the symbol LAC.
As of May 24, 2024, LAC stock price climbed to $3.91 with 3,790,520 million shares trading.
LAC has a beta of 2.29, meaning it tends to be more sensitive to market movements. LAC has a correlation of 0.14 to the broad based SPY ETF.
LAC has a market cap of $849.12 million. This is considered a Small Cap stock.
In the last 3 years, LAC stock traded as high as $41.56 and as low as $3.68.
The top ETF exchange traded funds that LAC belongs to (by Net Assets): REMX, LIT, DRIV, PICK, SMLF.
LAC has underperformed the market in the last year with a price return of -54.8% while the SPY ETF gained +30.4%. LAC has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -9.1% and -10.3%, respectively, while the SPY returned +4.6% and +1.7%, respectively.
LAC support price is $3.68 and resistance is $3.92 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LAC stock will trade within this expected range on the day.