Lithium Americas (TSE:LAC) Hits New 1-Year Low - Should You Sell?

Lithium Americas Corp. (TSE:LAC - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$2.36 and last traded at C$3.64, with a volume of 213288 shares. The stock had previously closed at C$3.62.

Analysts Set New Price Targets

LAC has been the subject of a number of recent research reports. Evercore ISI upgraded Lithium Americas to a "strong-buy" rating in a report on Thursday, April 17th. National Bank Financial downgraded Lithium Americas from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 16th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of C$7.50.

Lithium Americas Stock Down 0.3%

The stock has a market cap of C$558.37 million, a PE ratio of -19.20 and a beta of 1.58. The company has a quick ratio of 52.06, a current ratio of 13.88 and a debt-to-equity ratio of 0.65. The firm has a fifty day moving average of C$3.89 and a 200 day moving average of C$4.32.

Lithium Americas Company Profile

Lithium Americas Corp. engages in the exploration and development of lithium properties in the United States and Canada. It holds a 100% interest in the Thacker Pass project located in northern Nevada, as well as investments in exploration properties in the United States and Canada. Lithium Americas Corp.