Why Lithium Americas Stock Fell 12% in April

What happened
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.
Image source: Getty Images.
So what
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…

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