Lithium Americas (TSE:LAC) Share Price Passes Below 200-Day Moving Average - What's Next?

Lithium Americas Corp. (TSE:LAC - Get Free Report) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$4.10 and traded as low as C$3.63. Lithium Americas shares last traded at C$3.69, with a volume of 414,846 shares.

Wall Street Analyst Weigh In

LAC has been the topic of several recent research reports. National Bank Financial downgraded shares of Lithium Americas from a "strong-buy" rating to a "hold" rating in a report on Friday, May 16th. Evercore ISI upgraded shares of Lithium Americas to a "strong-buy" rating in a research note on Thursday, April 17th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Lithium Americas currently has a consensus rating of "Moderate Buy" and an average price target of C$7.50.

Lithium Americas Stock Down 0.5%

The company has a market cap of C$558.37 million, a PE ratio of -19.20 and a beta of 1.58. The stock has a 50-day moving average of C$3.86 and a 200-day moving average of C$4.10. The company has a quick ratio of 52.06, a current ratio of 13.88 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.