Insider Selling: Lithium Americas (TSE:LAC) Insider Sells C$30,149.79 in Stock

Lithium Americas Corp. (TSE:LAC) insider Timothy Crowley sold 4,763 shares of the business’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of C$6.33, for a total transaction of C$30,149.79. Following the sale, the insider directly owned 128,795 shares in the company, valued at C$815,272.35. The trade was a 3.57% decrease in their position.

Lithium Americas Stock Performance

Shares of Lithium Americas stock traded down C$0.30 during trading hours on Friday, reaching C$7.04. The company had a trading volume of 1,442,672 shares, compared to its average volume of 1,083,198. The firm has a market cap of C$2.14 billion, a PE ratio of -6.52 and a beta of 1.26. Lithium Americas Corp. has a one year low of C$3.30 and a one year high of C$14.75. The company has a debt-to-equity ratio of 0.65, a current ratio of 13.88 and a quick ratio of 52.06. The business has a fifty day simple moving average of C$8.26 and a 200 day simple moving average of C$5.72.

Analysts Set New Price Targets

Several brokerages have commented on LAC. Cormark upgraded Lithium Americas from a “hold” rating to a “moderate buy” rating in a research note on Friday, November 21st. Canaccord Genuity Group set a C$6.50 price target on shares of Lithium Americas and gave the stock a “hold” rating in a report on Wednesday, November 19th. National Bankshares raised their price objective on shares of Lithium Americas from C$5.00 to C$10.00 and gave the company a “sector perform” rating in a research report on Thursday, October 2nd. TD Cowen cut shares of Lithium Americas from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 25th. Finally, Scotiabank upgraded shares of Lithium Americas from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$8.25.

Lithium Americas Company Profile

Lithium Americas is developing three lithium production assets, two brine resources located in northwestern Argentina and a clay resource in Nevada, U.S. While the company has no current lithium production, we expect the first Argentina resource, Cauchari-Olaroz, to enter production in late 2022. We expect the Nevada project, Thacker Pass, to enter production in the middle of the 2020s and the second brine resource, Pastos Grandes, to enter production in the late-2020s.