Lithium Americas (Argentina) (NYSE:LAAC) Shares Up 4% - Still a Buy?

Lithium Americas (Argentina) Corp. (NYSE:LAAC - Get Free Report)'s stock price was up 4% during trading on Wednesday . The stock traded as high as $2.43 and last traded at $2.34. Approximately 1,984,759 shares changed 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 company has a market capitalization of $408.07 million, a P/E ratio of 0.32 and a beta of 1.35. The firm's fifty day moving average is $2.02 and its 200 day moving average is $2.27.

Institutional Investors Weigh In On Lithium Americas (Argentina)

Large investors have recently added to or reduced their stakes in the stock. Barclays PLC lifted its position 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 worth $271,000 after purchasing an additional 11,084 shares during the period. Mariner LLC purchased a new stake in Lithium Americas (Argentina) during the fourth quarter valued at approximately $32,000. Legal & General Group Plc lifted its position in Lithium Americas (Argentina) by 6.1% during the fourth quarter. Legal & General Group Plc now owns 227,215 shares of the company's stock valued at $597,000 after acquiring an additional 13,031 shares during the last quarter. Jones Financial Companies Lllp increased its stake in Lithium Americas (Argentina) by 177.9% during the 4th quarter. Jones Financial Companies Lllp now owns 20,694 shares of the company's stock valued at $54,000 after purchasing an additional 13,247 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in Lithium Americas (Argentina) by 59.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 38,425 shares of the company's stock valued at $101,000 after purchasing an additional 14,377 shares in the last quarter. 49.17% of the stock is owned by hedge funds and other institutional investors.

Lithium Americas (Argentina) Company Profile

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.