Lithium Americas (Argentina) Corp. (NYSE:LAAC - Get Free Report) traded up 4% during mid-day trading on Wednesday . The stock traded as high as $2.43 and last traded at $2.34. 1,984,759 shares changed hands during mid-day trading, an increase of 39% from the average session volume of 1,423,808 shares. The stock had previously closed at $2.25.
Lithium Americas (Argentina) Stock Performance
The firm's 50-day simple moving average is $2.01 and its 200-day simple moving average is $2.28. The company has a market capitalization of $393.49 million, a price-to-earnings ratio of 0.31 and a beta of 1.35.
Institutional Investors Weigh In On Lithium Americas (Argentina)
Large investors have recently bought and sold shares of the company. Barclays PLC raised its position in shares of Lithium Americas (Argentina) by 12.0% in the fourth 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 period. Raymond James Financial Inc. acquired a new stake in shares of Lithium Americas (Argentina) in the 4th quarter valued at approximately $62,000. Wells Fargo & Company MN boosted its stake in shares of Lithium Americas (Argentina) by 67.8% in the 4th quarter. Wells Fargo & Company MN now owns 221,772 shares of the company's stock valued at $581,000 after purchasing an additional 89,591 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Lithium Americas (Argentina) by 6.1% in the 4th quarter. Legal & General Group Plc now owns 227,215 shares of the company's stock valued at $597,000 after purchasing an additional 13,031 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Lithium Americas (Argentina) by 439.3% in the 4th quarter. American Century Companies Inc. now owns 103,603 shares of the company's stock valued at $272,000 after purchasing an additional 84,391 shares in the last quarter. Institutional investors own 49.17% of the company's stock.
Lithium Americas (Argentina) Company Profile
(
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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.
Further Reading
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