Free Trial

Lithium Americas (TSE:LAC) Stock Price Up 23.1% - Here's What Happened

Lithium Americas logo with Basic Materials background

Key Points

  • Lithium Americas Corp. shares surged by 23.1% on Thursday, reaching a price of C$10.28 after closing at C$8.35, with trading volume significantly exceeding the daily average.
  • Analysts have upgraded the stock to a moderate buy rating, with one Strong Buy, one Buy, and three Hold ratings, setting an average target price of C$7.50.
  • The company has a market capitalization of C$2.48 billion and holds a 100% interest in the Thacker Pass project in northern Nevada.
  • Five stocks to consider instead of Lithium Americas.

Shares of Lithium Americas Corp. (TSE:LAC - Get Free Report) rose 23.1% on Thursday . The stock traded as high as C$10.48 and last traded at C$10.28. Approximately 10,398,961 shares changed hands during mid-day trading, an increase of 1,318% from the average daily volume of 733,440 shares. The stock had previously closed at C$8.35.

Analyst Upgrades and Downgrades

Separately, Cormark upgraded shares of Lithium Americas to a "moderate buy" rating in a research note on Wednesday, August 20th. One investment 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 company's stock. According to MarketBeat.com, Lithium Americas currently has an average rating of "Moderate Buy" and an average target price of C$7.50.

Read Our Latest Research Report on LAC

Lithium Americas Stock Performance

The firm has a market capitalization of C$2.48 billion, a PE ratio of -41.12 and a beta of 1.26. 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 stock has a 50-day moving average price of C$4.24 and a 200-day moving average price of C$4.01.

Lithium Americas Company Profile

(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.

Featured Articles

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Lithium Americas Right Now?

Before you consider Lithium Americas, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lithium Americas wasn't on the list.

While Lithium Americas currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks to Ride The A.I. Megaboom Cover


We are about to experience the greatest A.I. boom in stock market history...

Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.

That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.

  1. The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
  2. The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
  3. Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.

Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.

And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...

Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.

Get This Free Report
Like this article? Share it with a colleague.