Lithium Americas (Argentina) (NYSE:LAAC) Stock Price Up 2.3% – Here’s What Happened

Lithium Americas (Argentina) Corp. (NYSE:LAAC)’s stock price shot up 2.3% during trading on Tuesday . The company traded as high as $7.21 and last traded at $7.16. 1,910,912 shares traded hands during mid-day trading, an increase of 33% from the average session volume of 1,432,022 shares. The stock had previously closed at $7.00.

Lithium Americas (Argentina) Trading Up 2.3%

The firm has a 50-day simple moving average of $6.82 and a 200-day simple moving average of $5.05. The firm has a market cap of $1.16 billion, a P/E ratio of 0.92 and a beta of 1.35.

About Lithium Americas (Argentina)

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.