Why Lithium Americas Stock Fell 12% in April
Shares of Lithium Americas (NYSE:LAC), a Canada-based development-stage lithium mining company, declined 11.9% in April, according to data from S&P Global Market Intelligence.
For context, the S&P 500 index returned 5.3% last month.
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Lithium Americas didn’t release any news last month, nor were there any Wall Street analyst downgrades of the company’s stock.
We can probably attribute the stock’s April decline to profit-taking. After all, despite a…