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Lithium Americas (Argentina) (NYSE:LAAC) Trading 4% Higher - Here's What Happened

Lithium Americas (Argentina) logo with Basic Materials background

Lithium Americas (Argentina) Corp. (NYSE:LAAC - Get Free Report) shares rose 4% on Wednesday . The stock traded as high as $2.43 and last traded at $2.34. Approximately 1,984,759 shares traded hands during trading, an increase of 39% from the average daily volume of 1,423,808 shares. The stock had previously closed at $2.25.

Lithium Americas (Argentina) Stock Performance

The firm's 50 day moving average is $2.01 and its two-hundred day moving average is $2.28. The stock has a market capitalization of $380.54 million, a PE ratio of 0.30 and a beta of 1.35.

Institutional Investors Weigh In On Lithium Americas (Argentina)

A number of large investors have recently modified their holdings of LAAC. Mariner LLC purchased a new stake in shares of Lithium Americas (Argentina) in the 4th quarter valued at approximately $32,000. Jones Financial Companies Lllp boosted its holdings in shares of Lithium Americas (Argentina) by 177.9% in the 4th quarter. Jones Financial Companies Lllp now owns 20,694 shares of the company's stock valued at $54,000 after buying an additional 13,247 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Lithium Americas (Argentina) in the 4th quarter valued at $62,000. Commonwealth Equity Services LLC boosted its holdings in shares of Lithium Americas (Argentina) by 59.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 38,425 shares of the company's stock valued at $101,000 after buying an additional 14,377 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Lithium Americas (Argentina) in the 4th quarter valued at $149,000. 49.17% of the stock is owned by hedge funds and other institutional investors.

Lithium Americas (Argentina) Company Profile

(Get Free Report)

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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