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Lithium Americas (TSE:LAC) Trading Up 23.1% - Still a Buy?

Lithium Americas logo with Basic Materials background

Lithium Americas Corp. (TSE:LAC - Get Free Report)'s stock price shot up 23.1% during mid-day trading on Friday . The stock traded as high as C$10.48 and last traded at C$10.28. 10,398,961 shares traded hands during trading, an increase of 1,318% from the average session volume of 733,440 shares. The stock had previously closed at C$8.35.

Analyst Ratings Changes

Separately, Cormark raised Lithium Americas to a "moderate buy" rating in a research 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 company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$7.50.

Get Our Latest Analysis on Lithium Americas

Lithium Americas Stock Performance

The firm has a market capitalization of C$2.48 billion, a P/E ratio of -41.12 and a beta of 1.26. 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 company has a 50-day moving average of C$4.24 and a 200-day moving average of C$4.01.

About Lithium Americas

(Get Free Report)

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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