Why Lithium Americas Stock Just Spiked 13%

Around 7 a.m. ET this morning, analysts at investment bank JP Morgan revised their price target on Lithium Americas Corp (NYSE: LAC) stock higher -- to $39 per share.

By 1:20 p.m. ET this afternoon, Lithium Americas' mining stock had just about proved JP Morgan correct as its stock price leapt 13.2% to approach $38 -- better than a $4 price spike in just a few hours' time.

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Source Fool.com