Livent Corporation (NYSE:LTHM) traded at a new 52-week high today of $33.04. This new high was reached on below average trading volume as 1.6 million shares traded hands, while the average 30-day volume is approximately 3 million shares.
Livent Corporation share prices have moved between a 52-week high of $33.04 and a 52-week low of $14.20 and are now trading 128% above that low price at $32.44 per share.
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.
There is potential upside of 11.6% for shares of Livent Corporation based on a current price of $32.44 and an average consensus analyst price target of $36.20.
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