Lithium Americas (TSE:LAC) Stock Price Crosses Below Two Hundred Day Moving Average - Should You Sell?

Lithium Americas Corp. (TSE:LAC - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$4.07 and traded as low as C$3.65. Lithium Americas shares last traded at C$3.88, with a volume of 2,085,507 shares changing hands.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. National Bank Financial downgraded shares of Lithium Americas from a "strong-buy" rating to a "hold" rating in a research 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 investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$7.50.

Lithium Americas Stock Performance

The firm's 50 day moving average price is C$3.82 and its two-hundred day moving average price is C$4.06. The company has a debt-to-equity ratio of 0.65, a quick ratio of 52.06 and a current ratio of 13.88. The firm has a market cap of C$596.40 million, a PE ratio of -20.50 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.