Lithium Americas (TSE:LAC) Trading 6.4% Higher - What's Next?

Lithium Americas Corp. (TSE:LAC - Get Free Report)'s stock price traded up 6.4% on Thursday . The company traded as high as C$3.85 and last traded at C$3.85. 313,950 shares changed hands during mid-day trading, a decline of 32% from the average session volume of 459,900 shares. The stock had previously closed at C$3.62.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Evercore ISI raised Lithium Americas to a "strong-buy" rating in a research report on Thursday, April 17th. National Bank Financial cut Lithium Americas from a "strong-buy" rating to a "hold" rating in a research report 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 company presently has an average rating of "Moderate Buy" and a consensus price target of C$7.50.

Lithium Americas Stock Up 8.0%

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 stock has a market capitalization of C$594.88 million, a P/E ratio of -20.45 and a beta of 1.58. The firm has a 50 day moving average of C$3.83 and a 200-day moving average of C$4.08.

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.

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