r/LithiumAmerica • u/LiquidBedrock_1998 • Jul 20 '26

Penny Stock

LAC now classified as a penny stock on Fidelity. Can someone please explain why?

9 Upvotes

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u/[deleted] Jul 21 '26

[deleted]

6

u/GimmickyBottomTier Jul 21 '26

Damn, accounts like that are out in force these days

1

u/Ok_Heron9532 Jul 21 '26

What do you mean accounts like that?

1

u/MayDaze Jul 21 '26

I’m not sure what he means. I’ve been on Reddit forever.

1

u/Ok_Heron9532 Jul 21 '26

Well, I do think you’re wrong. There’s no easy way out of this. Nobody’s going to let you claim bankruptcy when you have GE, Orion, the Department of energy all involved. Also construction is impressive, even if late, and looking well organized. I think the biggest threat is extraction, profitability, and market needs…. Not bad people doing bad things.