Lithium Americas (Argentina) (TSE:LAR) Shares Down 3.5% - What's Next?

Key Points

• Lithium Americas (Argentina) shares fell by 3.5% on Friday, trading between C$4.12 and C$4.17, with a 14% decrease in trading volume compared to its average.
• Analysts have mixed ratings on the stock; while National Bank Financial upgraded it to a "strong-buy," Scotiabank downgraded it to "hold," resulting in an average rating of "Buy."
• The company holds a market cap of C$676.79 million and focuses on producing lithium carbonate primarily for lithium-ion batteries and electric vehicles.

Shares of Lithium Americas (Argentina) Corp. (TSE:LAR - Get Free Report) traded down 3.5% during trading on Friday . The stock traded as low as C$4.12 and last traded at C$4.17. 134,857 shares traded hands during mid-day trading, a decline of 14% from the average session volume of 156,621 shares. The stock had previously closed at C$4.32.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. National Bank Financial raised shares of Lithium Americas (Argentina) from a "hold" rating to a "strong-buy" rating in a report on Monday, August 11th. Scotiabank cut shares of Lithium Americas (Argentina) from an "outperform" rating to a "hold" rating in a report on Wednesday, August 13th. Finally, Cormark raised 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 company. According to MarketBeat, the company currently has an average rating of "Buy".

Lithium Americas (Argentina) Price Performance

The stock has a market cap of C$676.79 million, a P/E ratio of -37.91 and a beta of 1.70. The business's fifty day moving average price is C$4.12 and its 200 day moving average price is C$3.32.

About Lithium Americas (Argentina)

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.