Lithium Americas (TSE:LAC) Stock Crosses Below Two Hundred Day Moving Average of $5.14

Lithium Americas Corp. (TSE:LAC - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$5.14 and traded as low as C$3.43. Lithium Americas shares last traded at C$3.47, with a volume of 385,210 shares.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on LAC shares. National Bankshares set a C$7.00 price objective on shares of Lithium Americas and gave the company a "sector perform" rating in a report on Thursday, June 6th. Piper Sandler cut shares of Lithium Americas from a "strong-buy" rating to a "hold" rating in a report on Monday, July 29th. Finally, National Bank Financial raised shares of Lithium Americas to a "hold" rating in a report on Wednesday, June 5th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$9.00.

Lithium Americas Trading Up 0.3 %

The company has a debt-to-equity ratio of 0.69, a quick ratio of 52.06 and a current ratio of 20.15. The company's fifty day moving average is C$3.40 and its two-hundred day moving average is C$5.11. The company has a market cap of C$758.64 million, a price-to-earnings ratio of -21.69 and a beta of 1.58.

Lithium Americas (TSE:LAC - Get Free Report) last released its quarterly earnings data on Tuesday, August 13th. The company reported C($0.07) earnings per share for the quarter, missing analysts' consensus estimates of C($0.03) by C($0.04). On average, research analysts anticipate that Lithium Americas Corp. will post 1.3803828 EPS for the current year.

Insider Buying and Selling at Lithium Americas

In other news, Senior Officer Oleksandr Shulga sold 24,862 shares of the firm's stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of C$3.40, for a total transaction of C$84,530.80. 7.40% of the stock is currently owned by corporate insiders.

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. Lithium Americas Corp.