Lithium Americas Corp (TSE:LAC) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.00 and traded as high as $5.22. Lithium Americas shares last traded at $5.13, with a volume of 41,109 shares trading hands.
Several research firms have weighed in on LAC. National Bank Financial cut shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a research report on Thursday, May 23rd. Eight Capital raised their price objective on shares of Lithium Americas from C$13.20 to C$13.75 in a research report on Wednesday, April 3rd.
The company has a 50-day simple moving average of C$5.22. The company has a debt-to-equity ratio of 71.53, a quick ratio of 9.58 and a current ratio of 10.38. The firm has a market capitalization of $458.19 million and a price-to-earnings ratio of -16.13.
Lithium Americas (TSE:LAC) last announced its quarterly earnings data on Wednesday, May 15th. The company reported C($0.07) EPS for the quarter, topping the Zacks’ consensus estimate of C($0.08) by C$0.01. The business had revenue of C$1.70 million during the quarter, compared to the consensus estimate of C$2.40 million. On average, research analysts predict that Lithium Americas Corp will post -0.3 earnings per share for the current fiscal year.
In other news, Director Gabriel Rubacha bought 10,000 shares of the stock in a transaction that occurred on Wednesday, April 24th. The shares were acquired at an average cost of C$5.26 per share, for a total transaction of C$52,640.28. Following the completion of the acquisition, the director now owns 220,400 shares in the company, valued at C$1,160,191.77.
Lithium Americas Company Profile (TSE:LAC)
Lithium Americas Corp. operates as a resource company in the United States. The company explores for lithium deposits. It primarily holds interests in the Cauchari-Olaroz Project located in Jujuy province of Argentina; and owns a 100% interest in the Thacker Pass lithium project located in Nevada. The company also manufactures and sells organoclay products that are used in complex oil and gas drilling and other applications.
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