Lithium Americas (Argentina) (NYSE:LAAC) Trading 2.5% Higher - Should You Buy?

Key Points

• Lithium Americas (Argentina) Corp. shares rose by 2.5% to $3.22, with a trading volume of 842,144 shares, significantly lower than the average daily volume.
• The company has a market capitalization of $521.42 million and a low price-to-earnings ratio of 0.41, indicating potential undervaluation.
• Approximately 49.17% of the company's stock is owned by institutional investors, indicating significant interest from large stakeholders.

Lithium Americas (Argentina) Corp. (NYSE:LAAC - Get Free Report) traded up 2.5% during trading on Monday . The stock traded as high as $3.26 and last traded at $3.22. 842,144 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 1,432,022 shares. The stock had previously closed at $3.14.

Lithium Americas (Argentina) Stock Performance

The company has a 50 day moving average of $2.74 and a 200 day moving average of $2.33. The stock has a market capitalization of $553.81 million, a price-to-earnings ratio of 0.44 and a beta of 1.35.

Institutional Trading of Lithium Americas (Argentina)

Large investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Lithium Americas (Argentina) by 64.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,207,350 shares of the company's stock valued at $11,058,000 after acquiring an additional 1,650,835 shares during the period. Point72 Asset Management L.P. raised its position in Lithium Americas (Argentina) by 76.2% in the 4th quarter. Point72 Asset Management L.P. now owns 432,813 shares of the company's stock valued at $1,134,000 after purchasing an additional 187,183 shares in the last quarter. Wells Fargo & Company MN raised its position in 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. Barclays PLC raised its position in 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 in the last quarter. Finally, Balyasny Asset Management L.P. raised its position in Lithium Americas (Argentina) by 80.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 67,677 shares of the company's stock valued at $177,000 after purchasing an additional 30,173 shares in the last quarter. 49.17% of the stock is currently owned by hedge funds and other institutional investors.

About Lithium Americas (Argentina)

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.