Lithium Americas (Argentina) Corp. (NYSE:LAAC - Get Free Report)'s stock price was down 5.3% on Friday . The stock traded as low as $2.69 and last traded at $2.70. Approximately 1,994,654 shares changed hands during trading, an increase of 39% from the average daily volume of 1,432,022 shares. The stock had previously closed at $2.85.
Lithium Americas (Argentina) Stock Performance
The firm has a 50 day moving average of $2.29 and a 200-day moving average of $2.26. The stock has a market capitalization of $438.84 million, a PE ratio of 0.35 and a beta of 1.35.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC lifted its stake in shares of Lithium Americas (Argentina) by 12.0% in the 4th quarter. Barclays PLC now owns 103,522 shares of the company's stock valued at $271,000 after purchasing an additional 11,084 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Lithium Americas (Argentina) during the fourth quarter worth $62,000. Wells Fargo & Company MN raised its holdings in Lithium Americas (Argentina) by 67.8% during the fourth quarter. Wells Fargo & Company MN now owns 221,772 shares of the company's stock valued at $581,000 after buying an additional 89,591 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Lithium Americas (Argentina) by 6.1% in the fourth quarter. Legal & General Group Plc now owns 227,215 shares of the company's stock worth $597,000 after buying an additional 13,031 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Lithium Americas (Argentina) by 439.3% in the fourth quarter. American Century Companies Inc. now owns 103,603 shares of the company's stock worth $272,000 after buying an additional 84,391 shares during the last quarter. 49.17% of the stock is owned by hedge funds and other institutional investors.
About Lithium Americas (Argentina)
(
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Lithium Americas (Argentina) Corp. operates as a resource company. The company explores for lithium deposits. The company owns interests in the Cauchari-Olaroz project located in Jujuy province of Argentina. It also has a pipeline of development and exploration stage projects, including the Pastos Grandes project and the Sal de la Puna project located in Salta Province in northwestern Argentina.
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