Lithium Americas (TSE:LAC) Share Price Crosses Below 200-Day Moving Average of $13.66

Lithium Americas Corp. (TSE:LAC - Get Free Report)'s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$13.66 and traded as low as C$6.04. Lithium Americas shares last traded at C$6.19, with a volume of 490,737 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have issued reports on LAC shares. JPMorgan Chase & Co. cut their price target on Lithium Americas from C$10.00 to C$7.50 and set a "neutral" rating for the company in a research note on Thursday, February 8th. Pi Financial dropped their price objective on shares of Lithium Americas from C$13.50 to C$12.50 and set a "buy" rating for the company in a report on Thursday, October 26th. Finally, National Bankshares set a C$16.00 price objective on shares of Lithium Americas and gave the company an "outperform" rating in a report on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Lithium Americas currently has an average rating of "Hold" and an average price target of C$22.75.

Lithium Americas Price Performance

The company has a current ratio of 4.01, a quick ratio of 52.06 and a debt-to-equity ratio of 16.46. The company has a market capitalization of C$998.51 million, a PE ratio of -56.27 and a beta of 1.58. The stock's 50-day moving average is C$7.23 and its two-hundred day moving average is C$13.66.

Insider Transactions at Lithium Americas

In other Lithium Americas news, Director Juan Diego Lopez Casanello acquired 10,000 shares of the business's stock in a transaction that occurred on Friday, January 19th. The shares were bought at an average cost of C$4.54 per share, with a total value of C$45,400.00. Corporate insiders own 0.39% of the company's stock.

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. The company was incorporated in 2023 and is headquartered in Vancouver, Canada.

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