Lithium Americas (TSE:LAC) Shares Up 9.9% - What's Next?

Lithium Americas Corp. (TSE:LAC - Get Free Report) shot up 9.9% during trading on Wednesday . The stock traded as high as C$4.37 and last traded at C$4.31. 1,062,994 shares traded hands during trading, an increase of 121% from the average session volume of 481,481 shares. The stock had previously closed at C$3.92.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Evercore ISI upgraded Lithium Americas to a "strong-buy" rating in a report on Thursday, April 17th. National Bank Financial cut Lithium Americas from a "strong-buy" rating to a "hold" rating in a report on Friday, May 16th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of C$7.50.

Lithium Americas Stock Down 1.8%

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 stock has a 50-day moving average of C$3.82 and a two-hundred day moving average of C$4.06. The company has a market cap of C$681.60 million, a P/E ratio of -23.43 and a beta of 1.58.

About Lithium Americas

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.