Shares of Lithium Americas Corp. (TSE:LAC - Get Free Report) were up 23.1% on Thursday . The company traded as high as C$10.48 and last traded at C$10.28. Approximately 10,398,961 shares changed hands during trading, an increase of 1,318% from the average daily volume of 733,440 shares. The stock had previously closed at C$8.35.
Analysts Set New Price Targets
Separately, Cormark raised shares of Lithium Americas to a "moderate buy" rating in a report 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 given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of C$7.50.
View Our Latest Stock Report on Lithium Americas
Lithium Americas Stock Performance
The firm has a 50 day moving average of C$4.24 and a two-hundred day moving average of C$4.01. 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 market cap of C$2.48 billion, a PE ratio of -41.12 and a beta of 1.26.
About Lithium Americas
(
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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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