George R. Ireland Purchases 55,000 Shares of Lithium Americas Corp (TSE:LAC) Stock

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Lithium Americas Corp (TSE:LAC) Director George R. Ireland bought 55,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 20th. The shares were purchased at an average cost of C$5.71 per share, for a total transaction of C$314,050.00.

TSE LAC opened at C$5.28 on Friday. Lithium Americas Corp has a 1-year low of C$4.58 and a 1-year high of C$14.06.

Lithium Americas (TSE:LAC) last released its quarterly earnings data on Tuesday, August 14th. The company reported C($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.08) by C($0.02). Lithium Americas had a negative net margin of 1,204.82% and a negative return on equity of 52.25%. The company had revenue of C$1.10 million for the quarter, compared to analyst estimates of C$1.39 million.

A number of equities research analysts recently weighed in on the company. Cormark lifted their target price on Lithium Americas from C$13.25 to C$13.75 in a research report on Friday, June 22nd. Eight Capital lifted their price objective on Lithium Americas from C$13.00 to C$13.70 in a report on Tuesday, August 14th.

Lithium Americas Company Profile

Lithium Americas Corp. operates as a resource company in the United States. The company explores for lithium deposits. It primarily holds interests in the Cauchari-Olaroz Project located in Jujuy province of Argentina; and the Lithium Nevada Project covering approximately 15,233 hectares of area located in northwestern Nevada.

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