Lithium Americas Corp (TSE:LAC) Senior Officer Rene James William Leblanc Sells 6,000 Shares

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Lithium Americas Corp (TSE:LAC) Senior Officer Rene James William Leblanc sold 6,000 shares of the stock in a transaction on Monday, October 21st. The stock was sold at an average price of C$3.98, for a total transaction of C$23,880.00. Following the completion of the sale, the insider now directly owns 51,846 shares of the company’s stock, valued at approximately C$206,347.08.

Rene James William Leblanc also recently made the following trade(s):

  • On Wednesday, October 23rd, Rene James William Leblanc sold 3,900 shares of Lithium Americas stock. The stock was sold at an average price of C$3.96, for a total transaction of C$15,444.00.
  • On Friday, October 18th, Rene James William Leblanc sold 6,000 shares of Lithium Americas stock. The stock was sold at an average price of C$3.95, for a total transaction of C$23,700.00.

Shares of Lithium Americas stock traded up C$0.12 during trading hours on Wednesday, hitting C$4.07. The company’s stock had a trading volume of 38,168 shares, compared to its average volume of 127,608. Lithium Americas Corp has a 1-year low of C$3.74 and a 1-year high of C$6.43. The business has a fifty day moving average of C$4.15 and a 200 day moving average of C$4.88. The company has a market capitalization of $351.75 million and a PE ratio of -12.87. The company has a quick ratio of 7.29, a current ratio of 7.88 and a debt-to-equity ratio of 116.08.

Lithium Americas (TSE:LAC) last released its quarterly earnings data on Tuesday, August 13th. The company reported C($0.09) earnings per share (EPS) for the quarter, hitting the consensus estimate of C($0.09). The business had revenue of C$1.99 million during the quarter, compared to analyst estimates of C$2.08 million. On average, sell-side analysts anticipate that Lithium Americas Corp will post -0.28 earnings per share for the current fiscal year.

LAC has been the subject of several recent research reports. Roth Capital reissued a “buy” rating on shares of Lithium Americas in a research report on Monday, August 19th. Eight Capital increased their price objective on shares of Lithium Americas from C$13.75 to C$14.00 in a research report on Wednesday, October 2nd.

About Lithium Americas

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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