Lithium Americas (TSE:LAC) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Lithium Americas Corp. (TSE:LAC)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$4.41 and traded as low as C$4.15. Lithium Americas shares last traded at C$4.32, with a volume of 385,897 shares.

Analysts Set New Price Targets

Several equities analysts recently commented on LAC shares. Wedbush upgraded shares of Lithium Americas to a “hold” rating in a report on Thursday, December 19th. National Bankshares upped their price target on shares of Lithium Americas from C$7.25 to C$7.50 and gave the company an “outperform” rating in a research note on Friday, January 10th. Finally, Cormark upgraded shares of Lithium Americas to a “moderate buy” rating in a research note on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$7.50.

Lithium Americas Trading Up 3.6 %

The company has a market cap of C$657.26 million, a price-to-earnings ratio of -22.60 and a beta of 1.58. The company has a quick ratio of 52.06, a current ratio of 13.88 and a debt-to-equity ratio of 0.65. The company’s 50-day moving average is C$4.37 and its 200 day moving average is C$4.41.

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.