Lithium Americas (Argentina) (TSE:LAR) Trading Up 7% – Should You Buy?

Lithium Americas (Argentina) Corp. (TSE:LAR) shares traded up 7% on Tuesday . The company traded as high as C$8.90 and last traded at C$8.85. 166,514 shares changed hands during trading, a decline of 38% from the average daily volume of 268,937 shares. The stock had previously closed at C$8.27.

Lithium Americas (Argentina) Trading Down 4.4%

The business has a 50 day moving average of C$12.04 and a 200-day moving average of C$11.16. The stock has a market cap of C$1.40 billion, a PE ratio of -22.50 and a beta of 2.44.

Lithium Americas (Argentina) (TSE:LAR) last announced its earnings results on Tuesday, May 12th. The company reported C$0.07 EPS for the quarter.

Lithium Americas (Argentina) Company Profile

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’.