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Shares of Lithium Americas Corp. (NYSE:LAC – Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $6.63, but opened at $4.84. Lithium Americas shares last traded at $4.80, with a volume of 11,375,919 shares. Wall Street Analysts Forecast Growth Several equities analysts have recently commented on […]
Lithium Americas Corp. (NYSE:LAC – Get Free Report)’s stock price dropped 5.4% during mid-day trading on Tuesday . The stock traded as low as $6.41 and last traded at $6.44. Approximately 1,218,826 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 3,439,639 shares. The stock had previously closed […]
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We still view Lithium Americas stock as undervalued.
Despite concerns about the outlook for Fed interest rates, the Canadian market ended on a positive note on Thursday, thanks largely to some sustained buying at several counters in the materials and utilities sectors.
Lithium Americas shares are down after the company announced the offering of 55,000,000 of its common shares at a price to the public of $5.00 per share for aggregate gross proceeds to the company of $275 million.