Here's Why Lithium Americas Stock Crashed Today
After soaring more than 30% on Tuesday, shares of lithium mining company Lithium Americas (NYSE: LAC) were down 18% as of noon EST Wednesday.
The volatility comes from a whirlwind of news. Yesterday's jump came after the company announced a key federal permitting milestone was completed for its Thacker Pass lithium mining project in Nevada. Subsequently, the company said it would seek to raise $350 million in a new common stock offering.
Source Fool.com
