Lithium Americas (LAC) Soars as US Govt Takes 5% Stake – Analysts Weigh In on EV Lithium Boom
Market Update: LAC Stock on a Tear Lithium Americas (NYSE/TSX: LAC) has been one of the market’s big movers this week. After an earlier rally in September on merger rumors, the stock exploded in early October. On Wednesday Oct.1, LAC jumped ~23% (US listing) as news broke that the U.S. DOE would take a 5% equity stake in the company reuters.com. In after-hours trading, shares spiked about 32% aa.com.tr. By Friday morning, LAC hit a new 52-week high around US$7.59(C$12.36) investing.com stockanalysis.com, roughly doubling the US-listed price from its September lows. Volume is heavy – over 2.4 million shares on the TSX by 10:16 AM