Lithium Americas (TSE:LAC) Stock Price Up 9.9% - Time to Buy?

Lithium Americas Corp. (TSE:LAC - Get Free Report)'s stock price traded up 9.9% during mid-day 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.

Analyst Upgrades and Downgrades

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

Lithium Americas Price Performance

The company has a current ratio of 13.88, a quick ratio of 52.06 and a debt-to-equity ratio of 0.65. The business's 50-day simple moving average is C$3.81 and its two-hundred day simple moving average is C$4.06. The firm has a market cap of C$693.78 million, a price-to-earnings ratio of -23.85 and a beta of 1.58.

Lithium Americas Company Profile

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.