Lithium Americas (TSE:LAC) Sets New 1-Year Low - What's Next?

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

Wall Street Analyst Weigh In

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

Lithium Americas Price Performance

The company has a debt-to-equity ratio of 0.65, a current ratio of 13.88 and a quick ratio of 52.06. The company has a 50-day simple moving average of C$3.92 and a 200-day simple moving average of C$4.35. The stock has a market cap of C$550.76 million, a PE ratio of -18.93 and a beta of 1.58.

About Lithium Americas

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.