Shares of Livent Corporation (NYSE:LTHM) traded today at $27.45, eclipsing its 52-week high. So far today approximately 1.1 million shares have been exchanged, as compared to an average 30-day volume of 2.8 million shares.
Livent is a pure-play lithium producer formed when FMC spun off its lithium business in October 2018. Livent should benefit from increased lithium demand via higher electric vehicle adoption, as lithium is a key component of EV batteries. The company’s low-cost lithium carbonate production comes from brine resources in Argentina. Livent also operates downstream lithium hydroxide conversion plants in the United States and China and has a 25% stake in a fully integrated Canadian lithium project.
Livent Corporation share prices have moved between a 52-week high of $27.45 and a 52-week low of $9.88 and are now trading 174% above that low price at $27.05 per share.
Livent Corporation (NYSE:LTHM) has potential upside of 30.6% based on a current price of $27.05 and analysts’ consensus price target of $35.33.
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