Lithium Americas (TSE:LAC) Share Price Crosses Below 200-Day Moving Average of $5.26

Lithium Americas Corp. (TSE:LAC) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$5.26 and traded as low as C$3.09. Lithium Americas shares last traded at C$3.15, with a volume of 386,806 shares.

Analyst Ratings Changes

LAC has been the subject of a number of research analyst reports. National Bankshares set a C$7.00 price target on Lithium Americas and gave the stock a “sector perform” rating in a report on Thursday, June 6th. National Bank Financial upgraded Lithium Americas to a “hold” rating in a report on Wednesday, June 5th. Finally, Piper Sandler cut Lithium Americas from a “strong-buy” rating to a “hold” rating in a report on Monday, July 29th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$9.00.

Lithium Americas Stock Performance

The firm has a market cap of C$686.70 million, a price-to-earnings ratio of -19.69 and a beta of 1.58. The company has a quick ratio of 52.06, a current ratio of 20.15 and a debt-to-equity ratio of 0.69. The stock has a fifty day moving average price of C$3.46 and a 200-day moving average price of C$5.26.

Lithium Americas (TSE:LAC) last released its earnings results on Tuesday, August 13th. The company reported C($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.03) by C($0.04). On average, analysts expect that Lithium Americas Corp. will post 1.3803828 earnings per share for the current fiscal year.

Insider Activity at Lithium Americas

In other Lithium Americas news, Senior Officer Oleksandr Shulga sold 24,862 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of C$3.40, for a total transaction of C$84,530.80. Company insiders own 7.40% of the company’s stock.

About Lithium Americas

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.