Lithium Americas (Argentina) (TSE:LAR) Stock Falls 3.8% – What’s Next?

Shares of Lithium Americas (Argentina) Corp. (TSE:LAR) dropped 3.8% during trading on Wednesday. The stock traded as low as C$7.61 and last traded at C$7.64. 109,578 shares traded hands during trading, a decline of 57% from the average session volume of 257,680 shares. The stock had previously closed at C$7.94.

Lithium Americas (Argentina) Price Performance

The stock has a market capitalization of C$1.23 billion, a P/E ratio of -22.06 and a beta of 2.71. The stock’s fifty day moving average is C$8.71 and its two-hundred day moving average is C$10.67.

Lithium Americas (Argentina) (TSE:LAR) last announced its quarterly earnings data on Tuesday, August 11th. The company reported C$0.01 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’.