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Why Lithium Americas Stock Just Spiked 13%

TheMotleyFool

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Why Lithium Americas Stock Just Spiked 13%Photo, wide shot, wide-angle lens, Coal mine, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/25526de2-54da-40ae-ba56-1e25dead3e81.png

Around 7 a.m. ET this morning, analysts at investment bank JP Morgan revised their price target on Lithium Americas Corp (NYSE: LAC) stock higher -- to $39 per share.

By 1:20 p.m. ET this afternoon, Lithium Americas' mining stock had just about proved JP Morgan correct as its stock price leapt 13.2% to approach $38 -- better than a $4 price spike in just a few hours' time.

Image source: Getty Images.

Source Fool.com

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