Lithium Americas (TSE:LAC) Share Price Crosses Below Two Hundred Day Moving Average of $5.13

Lithium Americas Corp (TSE:LAC) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.13 and traded as low as $4.67. Lithium Americas shares last traded at $4.83, with a volume of 48,471 shares traded.

LAC has been the subject of several research analyst reports. Roth Capital restated a “buy” rating on shares of Lithium Americas in a research report on Monday, August 19th. National Bank Financial dropped their price objective on shares of Lithium Americas from C$8.50 to C$6.25 and set an “outperform” rating for the company in a research report on Thursday, May 23rd.

The firm’s 50-day simple moving average is C$4.60 and its 200 day simple moving average is C$5.13. The company has a market cap of $416.76 million and a P/E ratio of -15.08. The company has a debt-to-equity ratio of 116.08, a quick ratio of 7.29 and a current ratio of 7.88.

Lithium Americas (TSE:LAC) last issued its earnings results on Tuesday, August 13th. The company reported C($0.09) EPS for the quarter, meeting the consensus estimate of C($0.09). The business had revenue of C$1.99 million for the quarter, compared to the consensus estimate of C$2.08 million. As a group, research analysts forecast that Lithium Americas Corp will post -0.28 earnings per share for the current year.

About Lithium Americas (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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