Lithium Americas (TSE:LAC) Reaches New 12-Month Low - Here's What Happened

Lithium Americas Corp. (TSE:LAC - Get Free Report) hit a new 52-week low during trading on Wednesday . The stock traded as low as C$2.40 and last traded at C$3.83, with a volume of 84559 shares. The stock had previously closed at C$3.81.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on LAC shares. Evercore ISI raised shares of Lithium Americas to a "strong-buy" rating in a report on Thursday, April 17th. National Bank Financial lowered shares of Lithium Americas from a "strong-buy" rating to a "hold" rating in a report on Friday, May 16th. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Lithium Americas currently has a consensus rating of "Moderate Buy" and a consensus price target of C$7.50.

Lithium Americas Price Performance

The firm has a market cap of C$553.80 million, a PE ratio of -19.04 and a beta of 1.58. The stock's fifty day moving average price is C$3.92 and its 200-day moving average price is C$4.37. The company has a debt-to-equity ratio of 0.65, a current ratio of 13.88 and a quick ratio of 52.06.

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.