Lithium Americas (Argentina) Corp. (NYSE:LAAC - Get Free Report) rose 8.4% during trading on Monday . The company traded as high as $3.10 and last traded at $3.10. Approximately 696,221 shares changed hands during trading, a decline of 33% from the average daily volume of 1,045,211 shares. The stock had previously closed at $2.86.
Lithium Americas (Argentina) Stock Up 9.1 %
The firm's fifty day simple moving average is $3.13 and its two-hundred day simple moving average is $3.02. The firm has a market cap of $505.22 million, a PE ratio of 0.40 and a beta of 1.35.
Institutional Investors Weigh In On Lithium Americas (Argentina)
A number of institutional investors and hedge funds have recently bought and sold shares of LAAC. TD Asset Management Inc raised its stake in Lithium Americas (Argentina) by 3.5% during the 2nd quarter. TD Asset Management Inc now owns 122,775 shares of the company's stock valued at $391,000 after purchasing an additional 4,173 shares during the period. Old West Investment Management LLC increased its holdings in Lithium Americas (Argentina) by 18.2% in the 2nd quarter. Old West Investment Management LLC now owns 33,386 shares of the company's stock valued at $107,000 after acquiring an additional 5,140 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in shares of Lithium Americas (Argentina) by 8.9% in the second quarter. Mercer Global Advisors Inc. ADV now owns 67,635 shares of the company's stock worth $216,000 after purchasing an additional 5,503 shares during the last quarter. Apollon Wealth Management LLC raised its holdings in shares of Lithium Americas (Argentina) by 25.8% during the 3rd quarter. Apollon Wealth Management LLC now owns 28,607 shares of the company's stock worth $93,000 after acquiring an additional 5,870 shares in the last quarter. Finally, Fairscale Capital LLC purchased a new stake in Lithium Americas (Argentina) during the second quarter valued at $31,000. 49.17% of the stock is owned by institutional investors.
About Lithium Americas (Argentina)
(
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Lithium Americas (Argentina) Corp. operates as a resource company. The company explores for lithium deposits. The company owns interests in the Cauchari-Olaroz project located in Jujuy province of Argentina. It also has a pipeline of development and exploration stage projects, including the Pastos Grandes project and the Sal de la Puna project located in Salta Province in northwestern Argentina.
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