Lithium Americas (Argentina) (NYSE:LAAC) Shares Down 9.2% – Here’s What Happened

Lithium Americas (Argentina) Corp. (NYSE:LAAC) shares fell 9.2% during mid-day trading on Monday . The stock traded as low as $6.72 and last traded at $6.73. 2,752,967 shares changed hands during trading, an increase of 92% from the average session volume of 1,432,022 shares. The stock had previously closed at $7.41.

Lithium Americas (Argentina) Stock Performance

The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 0.86 and a beta of 1.35. The business’s 50 day moving average is $6.30 and its 200 day moving average is $4.59.

Lithium Americas (Argentina) Company Profile

Lithium Americas (Argentina) is a publicly traded corporation on the New York Stock Exchange under the symbol LAAC, created to advance the Cauchari-Olaroz lithium brine project in Argentina’s Jujuy Province. The company is focused on the exploration, development, and eventual production of battery-grade lithium carbonate, a critical input for electric vehicle batteries and grid-scale energy storage systems. Utilizing proprietary brine extraction and processing techniques, Lithium Americas (Argentina) aims to deliver a reliable supply of lithium into global clean-energy supply chains.

The Cauchari-Olaroz project lies at over 4,000 meters above sea level within the Lithium Triangle, a region spanning Argentina, Bolivia and Chile that contains some of the world’s richest lithium reserves.