Lithium Americas (Argentina) (NYSE:LAAC) Stock Price Down 0.8% – Here’s Why

Shares of Lithium Americas (Argentina) Corp. (NYSE:LAAC) traded down 0.8% on Friday . The stock traded as low as $6.77 and last traded at $7.04. 3,762,597 shares changed hands during mid-day trading, an increase of 163% from the average session volume of 1,432,022 shares. The stock had previously closed at $7.10.

Lithium Americas (Argentina) Price Performance

The firm’s 50-day moving average price is $5.14 and its 200-day moving average price is $3.93. The stock has a market cap of $1.14 billion, a P/E ratio of 0.90 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.