Shares of Lithium Americas Corp. (TSE:LAC - Get Free Report) rose 32.2% during mid-day trading on Saturday . The stock 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.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on LAC. Canaccord Genuity Group downgraded 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 report on Thursday. National Bankshares increased their target price on Lithium Americas from C$5.00 to C$10.00 and gave the company a "sector perform" rating in a research report on Thursday. TD Cowen downgraded shares of Lithium Americas from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 25th. Finally, Cormark downgraded shares of Lithium Americas from a "moderate buy" rating to a "hold" rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of C$8.13.
Check Out Our Latest Research Report on LAC
Lithium Americas Stock Performance
The firm has a 50-day moving average price of C$4.85 and a two-hundred day moving average price of C$4.22. The company has a quick ratio of 52.06, a current ratio of 13.88 and a debt-to-equity ratio of 0.65. The firm has a market cap of C$3.05 billion, a PE ratio of -50.56 and a beta of 1.26.
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.
Further Reading
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