Lithium Americas (TSE:LAC) Stock Crosses Below 200-Day Moving Average - Here's Why

Lithium Americas Corp. (TSE:LAC - Get Free Report)'s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$4.51 and traded as low as C$4.18. Lithium Americas shares last traded at C$4.24, with a volume of 434,582 shares.

Analyst Ratings Changes

LAC has been the topic of several research reports. Evercore ISI upgraded shares of Lithium Americas to a "strong-buy" rating in a research report on Thursday, April 17th. Cormark upgraded shares of Lithium Americas to a "moderate buy" rating in a research report on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of C$7.50.

Lithium Americas Trading Down 10.0%

The company has a fifty day simple moving average of C$3.99 and a 200-day simple moving average of C$4.50. The company has a current ratio of 13.88, a quick ratio of 52.06 and a debt-to-equity ratio of 0.65. The stock has a market cap of C$599.45 million, a price-to-earnings ratio of -20.61 and a beta of 1.58.

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.