Lithium Americas Corp. (TSE:LAC - Get Free Report) shares were up 7.4% during mid-day trading on Wednesday . The company traded as high as C$4.29 and last traded at C$4.21. Approximately 451,981 shares were traded during trading, a decline of 5% from the average daily volume of 476,466 shares. The stock had previously closed at C$3.92.
Analyst Ratings Changes
A number of analysts recently commented on the company. National Bank Financial cut Lithium Americas from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 16th. Evercore ISI raised shares of Lithium Americas to a "strong-buy" rating in a research note on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of C$7.50.
Read Our Latest 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 company's 50-day simple moving average is C$3.82 and its 200-day simple moving average is C$4.06. The company has a market cap of C$681.60 million, a price-to-earnings ratio of -23.43 and a beta of 1.58.
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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