Lithium Americas Stock Loses 63% in 6 Months: Should You Buy the Dip?
Lithium Americas Corp.'s LAC shares have lost 62.8% in the past six months, significantly underperforming the Zacks Mining – Miscellaneous industry’s decline of 2.9%. The bearishness reflects the plunge in LAC’s shares following its public offering of 55 million common shares at a deep discount and soft lithium market fundamentals underpinned by a slowdown in demand and a significant decline in lithium prices.