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.
Featured Articles
Before you consider Lithium Americas (Argentina), you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lithium Americas (Argentina) wasn't on the list.
While Lithium Americas (Argentina) currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
