Lithium Americas Corp. (TSE:LAC - Get Free Report)'s share price traded up 17.8% during mid-day trading on Thursday . The stock traded as high as C$9.98 and last traded at C$9.84. 3,280,907 shares were traded during trading, an increase of 379% from the average session volume of 684,242 shares. The stock had previously closed at C$8.35.
Analyst Ratings Changes
Separately, Cormark upgraded shares of Lithium Americas to a "moderate buy" rating in a report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of C$7.50.
Check Out Our Latest Report on LAC
Lithium Americas Price Performance
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 fifty day moving average price of C$4.12 and a two-hundred day moving average price of C$3.96. The stock has a market capitalization of C$2.38 billion, a P/E ratio of -39.44 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.
Further Reading
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