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Why Lithium Americas Stock Just Popped 12.5%

TheMotleyFool

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Why Lithium Americas Stock Just Popped 12.5%Photo, wide shot, wide-angle lens, Gold mine, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/94faf2bd-99c1-4ea6-b55d-fdcab23c3865.png

Shares of Canadian lithium miner Lithium Americas (NYSE: LAC) exploded higher in Monday trading -- up 12.5% as of 3:10 p.m. EDT -- and on the strangest of news.

Earlier this month, the Vancouver, British Columbia-based company announced that an unspecified number of workers at its Cauchari-Olaroz lithium project in Jujuy, Argentina, had tested positive for COVID-19, prompting a suspension of construction work on the mine. Today, Lithium Americas issued an update on the situation and the news isn't great.

Image source: Getty Images.

Source Fool.com

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