Lithium Americas Corp vs ProShares Ultra QQQ ETF — how do they compare? Lithium Americas Corp trades at $3.27 (market cap $1.18B), while ProShares Ultra QQQ ETF trades at $92.18. The key difference: ProShares Ultra QQQ ETF is trading nearer its 52-week high, Lithium Americas Corp nearer its low. Which is the better fit depends on your goals.
| LAC | QLD | |
|---|---|---|
Market Cap | $1.18B | — |
Sector | Basic Materials | Leveraged / Inverse |
52-Week High | $10.05 | $100.53 |
52-Week Low | $2.71 | $57.16 |
Enterprise Value | $1.29B | — |
Trailing returns across standard periods
Latest headlines on both assets
Lithium Americas is a resource company focused on developing the Thacker Pass project in Nevada, the largest known lithium resource in the US. It aims to become a major supplier for the electric vehicle battery market.
Read more on LAC →QLD is a leveraged ETF that seeks daily investment results corresponding to 200% of the daily performance of the NASDAQ-100 Index. It achieves 2x leverage by investing in financial instruments such as swaps and is designed as a tactical trading tool for investors with a bullish (long) view on the NASDAQ-100. Due to the effects of compounding and leverage, the ETF is intended to be held for a single day and is not suitable for long-term investment.
Read more on QLD →