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

Lithium Americas (Argentina) Corp. (NYSE:LAAC) shares dropped 0.8% on Friday . The stock traded as low as $6.77 and last traded at $7.04. Approximately 3,762,597 shares were traded during trading, an increase of 163% from the average daily volume of 1,432,022 shares. The stock had previously closed at $7.10.

Lithium Americas (Argentina) Price Performance

The business’s fifty day moving average price is $5.14 and its 200-day moving average price is $3.94. The stock has a market capitalization of $1.13 billion, a PE ratio of 0.90 and a beta of 1.35.

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.