OK, it isn't going to close anywhere near that intraday high. Profit taking is wide spread. That isn't exactly a big surprise. Today nails down the reality of the potential for LAC like nothing else ever could.
I just checked the Volume figures. We still have over an hour and a half before market close today as I write this note, but the volume is:
Volume: 13,518,257 VS Avg. Volume: 2,194,789
Who would have thought just a month ago that we would see an intraday Volume of 13 and a half Million Shares? Folks, regardless of how LAC closes today, we are in for a big time up ward ride on the Share Price. As others have concluded and posted: LAC is truly in the driver's seat for negotiations with Tesla or any of dozens of other potential companies that need to bolster their own lithium supply chains.