Shares of Lithium Americas Corp. (TSE:LAC - Get Free Report) rose 35% during mid-day trading on Friday after National Bankshares raised their price target on the stock from C$5.00 to C$10.00. National Bankshares currently has a sector perform rating on the stock. Lithium Americas traded as high as C$12.95 and last traded at C$12.91. Approximately 3,442,046 shares changed hands during trading, an increase of 311% from the average daily volume of 836,920 shares. The stock had previously closed at C$9.56.
Several other equities analysts also recently issued reports on LAC. TD Cowen downgraded shares of Lithium Americas from a "strong-buy" rating to a "hold" rating in a research note on Thursday, September 25th. Cormark raised shares of Lithium Americas to a "moderate buy" rating in a research note on Wednesday, August 20th. Finally, Canaccord Genuity Group downgraded shares of Lithium Americas from a "speculative buy" rating to a "sell" rating and set a C$6.25 target price for the company. in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Lithium Americas has a consensus rating of "Hold" and a consensus target price of C$8.13.
Check Out Our Latest Stock Analysis on Lithium Americas
Lithium Americas Price Performance
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 market capitalization of C$2.94 billion, a price-to-earnings ratio of -48.64 and a beta of 1.26. The business's fifty day simple moving average is C$4.68 and its 200 day simple moving average is C$4.17.
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.
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