Why Lithium Americas Stock Is Trading Lower Today

Lithium Americas LAC shares are trading lower after the company announced a proposed public offering of 15.909 million shares at $22 per share.

Lithium Americas is a Canadian resource company. It operates various projects namely Cauchari-Olaroz lithium brine project in Jujuy, Argentina and Thacker Pass lithium claystone project in Nevada.

Lithium Americas shares traded down 17.11% to $22.23 at publication time. The stock has a 52-week high of $28.75 and a 52-week low of $1.92.