Why Lithium Americas Stock Crashed 8% Today
Easy come, easy go. After soaring 13% Monday on the back of an optimistic note from analysts at National Bank Financial, shares of lithium mining stock Lithium Americas Corp (NYSE: LAC) came crashing back down to Earth on Wednesday, falling 8.6% through 3 p.m. ET.
The reason: Lithium Americas needs cash -- a lot of it. And it's going to the debt markets to obtain it.
Image source: Getty Images.
Source Fool.com
