Lithium Americas (Argentina) (TSE:LAR) Insider Daniel Cherniak Sells 30,977 Shares of Stock

Lithium Americas (Argentina) Corp. (TSE:LAR) insider Daniel Cherniak sold 30,977 shares of the firm’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of C$10.57, for a total transaction of C$327,426.89. Following the completion of the transaction, the insider directly owned 24,754 shares in the company, valued at approximately C$261,649.78. This represents a 55.58% decrease in their ownership of the stock.

Lithium Americas (Argentina) Trading Up 4.7%

Shares of Lithium Americas (Argentina) stock opened at C$9.45 on Friday. The company has a market cap of C$1.53 billion, a PE ratio of -18.90 and a beta of 1.71. The company has a 50 day moving average of C$9.09 and a 200-day moving average of C$6.71. Lithium Americas has a 1-year low of C$2.36 and a 1-year high of C$12.03.

Lithium Americas (Argentina) (TSE:LAR) last announced its quarterly earnings data on Monday, November 10th. The company reported C($0.40) earnings per share (EPS) for the quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. TD Securities raised Lithium Americas (Argentina) to a “strong-buy” rating in a report on Monday, February 9th. HSBC upgraded Lithium Americas (Argentina) to a “strong-buy” rating in a research report on Monday, January 19th. Finally, Scotiabank raised shares of Lithium Americas (Argentina) from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Four analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, Lithium Americas (Argentina) presently has a consensus rating of “Strong Buy”.

About Lithium Americas (Argentina)

Lithium Argentina is an emerging producer of lithium carbonate for use primarily in lithium-ion batteries and electric vehicles. The Company, in partnership with Ganfeng operates the Cauchari-Olaroz lithium brine operation in the Jujuy province of Argentina and advancing the PPG Project in the Salta province of Argentina. Lithium Argentina currently trades on the Toronto Stock Exchange (‘ TSX ‘) and the New York Stock Exchange (‘ NYSE ‘) under the ticker ‘LAR’.