Lithium Americas Corp (NewCo) (LAC): Why Is The Stock Strong?

Lithium Americas Corp (NewCo) (NYSE:LAC) has seen 1.13 million shares traded in the recent trading session. The company, currently valued at $565.73M, closed the recent trade at $2.61 per share which meant it lost -$0.04 on the day or -1.70% during that session. The LAC stock price is -374.33% off its 52-week high price of $12.38 and 0.0% above the 52-week low of $2.61. The 3-month trading volume is 5.21 million shares.

Lithium Americas Corp (NewCo) (NYSE:LAC) trade information

Sporting -1.70% in the red today, the stock has traded in the red over the last five days, when the LAC stock price touched $2.61 or saw a rise of 8.42%. Year-to-date, Lithium Americas Corp (NewCo) shares have moved -59.30%, while the 5-day performance has seen it change -0.19%. Over the past 30 days, the shares of Lithium Americas Corp (NewCo) (NYSE:LAC) have changed -23.16%.

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Lithium Americas Corp (NewCo) (LAC) estimates and forecasts

Figures show that Lithium Americas Corp (NewCo) shares have underperformed across the wider relevant industry. The company’s shares have lost -59.30% over the past 6 months, with this year growth rate of -405.50%, compared to 17.80% for the industry.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 40.15% over the past 5 years.

LAC Dividends

Lithium Americas Corp (NewCo) is expected to release its next earnings report in August this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.