Lithium Americas (TSE:LAC) Shares Pass Below 200-Day Moving Average - Here's What Happened

Key Points

• Lithium Americas Corp. shares dropped below their 200-day moving average of C$3.93 for the first time, closing at C$4.13 with a trading volume of 790,247 shares.
• Analysts have mixed ratings on the stock; while Cormark upgraded it to a "moderate buy," National Bank Financial downgraded it from "strong-buy" to "hold," leading to an average rating of "moderate buy" with a price target of C$7.50.
• The company has a market cap of C$628.35 million and operates primarily in lithium property exploration and development in the U.S. and Canada.

Lithium Americas Corp. (TSE:LAC - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$3.93 and traded as low as C$3.93. Lithium Americas shares last traded at C$4.13, with a volume of 790,247 shares.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Cormark upgraded shares of Lithium Americas to a "moderate buy" rating in a research report on Wednesday, August 20th. National Bank Financial lowered shares of Lithium Americas from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$7.50.

Lithium Americas Stock Up 3.5%

The stock's 50-day moving average is C$3.86 and its 200-day moving average is C$3.93. The stock has a market cap of C$628.35 million, a P/E ratio of -21.60 and a beta of 1.58. The company has a current ratio of 13.88, a quick ratio of 52.06 and a debt-to-equity ratio of 0.65.

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.

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