Lithium Americas (TSE:LAC) Shares Pass Above 200 Day Moving Average - Should You Sell?

Lithium Americas Corp. (TSE:LAC - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$4.37 and traded as high as C$4.59. Lithium Americas shares last traded at C$4.43, with a volume of 546,554 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Cormark raised shares of Lithium Americas to a "moderate buy" rating in a research report on Friday, January 17th. National Bankshares lifted their price objective on Lithium Americas from C$7.25 to C$7.50 and gave the company an "outperform" rating in a report on Friday, January 10th. Finally, Wedbush raised Lithium Americas to a "hold" rating in a research note on Thursday, December 19th. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of C$7.50.

Lithium Americas Stock Performance

The stock has a fifty day moving average of C$4.39 and a 200-day moving average of C$4.39. The firm has a market capitalization of C$642.05 million, a P/E ratio of -22.07 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.

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.