Lithium Americas (Argentina) Corp. (TSE:LAR - Get Free Report) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$5.52 and last traded at C$5.32, with a volume of 799955 shares trading hands. The stock had previously closed at C$4.76.
Wall Street Analyst Weigh In
LAR has been the subject of a number of research analyst reports. National Bank Financial upgraded shares of Lithium Americas (Argentina) from a "hold" rating to a "strong-buy" rating in a report on Monday, August 11th. Scotiabank downgraded shares of Lithium Americas (Argentina) from an "outperform" rating to a "hold" rating in a report on Wednesday, August 13th. Finally, Cormark upgraded shares of Lithium Americas (Argentina) to a "moderate buy" rating in a report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Lithium Americas (Argentina) has a consensus rating of "Buy".
Check Out Our Latest Stock Analysis on Lithium Americas (Argentina)
Lithium Americas (Argentina) Stock Performance
The company's fifty day simple moving average is C$4.35 and its two-hundred day simple moving average is C$3.41. The stock has a market capitalization of C$863.44 million, a PE ratio of -48.36 and a beta of 1.70.
About Lithium Americas (Argentina)
(
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Lithium Argentina is a producer of lithium carbonate for use primarily in lithium-ion batteries and electric vehicles. The Company, in partnership with Ganfeng Lithium Co Ltd, is operating the Cauchari-Olaroz lithium brine operation in Argentina and advancing development of additional lithium resources in the region.
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