One stock added to S&P/TSX Composite Index, two to be deleted [Globe and Mail, The (Toronto, Canada)]
Lithium Americas (Argentina) Corp. Common Shares (LAAC)
Company Research
Source: Globe and Mail, The
No changes are being made to the S&P/TSX 60, a selection of most of the largest companies in the composite. S&P said it will add aerospace company MDA Ltd. , while deleting Lithium Americas (Argentina) Corp. and Lithium Americas Corp. increase Brampton-based MDA designs, manufactures, and services space robotics and satellite and intelligence systems. At its $14.71 close Friday, it's more than doubled its 52-week low of $6.24 last May. Its 2023 net income of $48.8-million is nearly double the year prior. On Oct. 3, 2023, the former Lithium Americas Corp. reorganized into two independent – and therefore smaller- publicly traded companies. Lithium Americas, which describes itself as “a pure-play North American lithium company,” is focused on developing the 100 per cent-owned Thacker Pass project in northern Nevada. It's down 12.2 per cent so far this year. Lithium Argentina, down 19.9 per cent year-to-date, owns full or partial interests in three Argentinian mines. Both are Van
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News
- Mining Sector Prepares Ahead of 1,500% Surge in Lithium Demand by 2050PR Newswire
- Mining Sector Prepares Ahead of 1,500% Surge in Lithium Demand by 2050PR Newswire
- Lithium Argentina Reports First Quarter 2024 Results [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Lithium Argentina Reports First Quarter 2024 ResultsGlobeNewswire
- Mining Sector Prepares Ahead of 1,500% Surge in Lithium Demand by 2050PR Newswire