Lithium Americas Corp. (TSE:LAC - Get Free Report)'s share price rose 32.2% during mid-day trading on Saturday . The company traded as high as C$13.00 and last traded at C$12.64. Approximately 7,329,801 shares were traded during trading, an increase of 747% from the average daily volume of 865,011 shares. The stock had previously closed at C$9.56.
Analyst Ratings Changes
Several equities analysts have recently weighed in on LAC shares. Canaccord Genuity Group downgraded shares of Lithium Americas from a "moderate buy" rating to a "sell" rating and set a C$6.25 price target on the stock. in a research note on Thursday. National Bankshares boosted their target price on Lithium Americas from C$5.00 to C$10.00 and gave the stock a "sector perform" rating in a report on Thursday. TD Cowen cut Lithium Americas from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 25th. Finally, Cormark lowered Lithium Americas from a "moderate buy" rating to a "hold" rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of C$8.13.
Read Our Latest Stock Report on Lithium Americas
Lithium Americas Price Performance
The stock has a market cap of C$3.05 billion, a price-to-earnings ratio of -50.56 and a beta of 1.26. 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 company's fifty day moving average is C$4.85 and its two-hundred day moving average is C$4.22.
About Lithium Americas
(
Get Free Report)
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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