Lithium Americas (TSE:LAC) Share Price Passes Above 200 Day Moving Average of $0.00

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Lithium Americas Corp (TSE:LAC)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $4.98. Lithium Americas shares last traded at $4.98, with a volume of 34,672 shares traded.

A number of research firms have recently commented on LAC. National Bank Financial reduced 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 report on Thursday, May 23rd. Eight Capital raised their price objective on shares of Lithium Americas from C$13.20 to C$13.75 in a report on Wednesday, April 3rd.

The stock has a market capitalization of $442.17 million and a PE ratio of -15.82. The business’s fifty day moving average price is C$5.13. The company has a quick ratio of 9.58, a current ratio of 10.38 and a debt-to-equity ratio of 71.53.

Lithium Americas (TSE:LAC) last announced its quarterly earnings results on Wednesday, May 15th. The company reported C($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of C($0.08) by C$0.01. The firm had revenue of C$1.70 million for the quarter, compared to the consensus estimate of C$2.40 million. On average, research analysts predict that Lithium Americas Corp will post -0.36 earnings per share for the current fiscal year.

In other news, Director Gabriel Rubacha purchased 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The stock was purchased at an average cost of C$5.26 per share, with a total value of C$52,640.28. Following the acquisition, the director now directly owns 220,400 shares of the company’s stock, valued at approximately C$1,160,191.77.

Lithium Americas Company Profile (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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