LTHM - Why Lithium Americas Livent and Galaxy Resources Stocks All Popped 10% (or More) Today
From Jan. 31 through Feb. 4, shares of renewable energy darling and electric-car maker Tesla (NASDAQ: TSLA) went vertical -- shooting up 36% in a matter of four days.
In days since, investors have found new appreciation for the companies that mine the materials that make Tesla cars go "vroom!" -- lithium companies, to be precise, and to be even more precise, Lithium Americas (NYSE: LAC), Livent Corp (NYSE: LTHM), and Galaxy Resources (OTC: GALXF), all of which gained more than 10% in early trading today.
(Lithium Americas stock, by the way, is still up 12.4% as of 12:05 p.m. EST, while Galaxy remains up 9.5%, and Livent is hanging onto a 4.3% gain.)