Jim Cramer Says Lithium Americas Is a “No-Go”

Lithium Americas Corp. (NYSE:LAC) is one of the stocks Jim Cramer shed light on. When a caller asked about the stock during the lightning round, Cramer stated:

“No, no, there’s nothing there for you. We’re just going to have to skip it. That’s a yesteryear stock. It’s just, it’s a no-go.”

Lithium Americas Corp. (NYSE:LAC) operates lithium deposits and processing facilities, with its main project at Thacker Pass. It is worth noting that the stock is up over 50% year-to-date. However, it has fallen by over 56% from its 52-week high in October.

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Disclosure: None. This article is originally published at Insider Monkey.