Lithium Americas (TSE:LAC) Share Price Passes Below Two Hundred Day Moving Average - Time to Sell?

Lithium Americas Corp. (TSE:LAC - Get Free Report)'s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$4.27 and traded as low as C$3.74. Lithium Americas shares last traded at C$3.75, with a volume of 507,881 shares trading hands.

Wall Street Analysts Forecast Growth

LAC has been the topic of a number of research analyst 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 raised shares of Lithium Americas to a "strong-buy" rating in a research report on Thursday, April 17th. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$7.50.

Lithium Americas Trading Up 0.8%

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 firm has a fifty day simple moving average of C$3.88 and a two-hundred day simple moving average of C$4.27. The firm has a market capitalization of C$575.10 million, a P/E ratio of -19.77 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.