Shares of Lithium Americas Corp (TSE:LAC) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $5.13 and traded as low as $4.67. Lithium Americas shares last traded at $4.83, with a volume of 48,471 shares changing hands.
A number of equities research analysts have recently issued reports on LAC shares. Roth Capital reaffirmed a “buy” rating on shares of Lithium Americas in a report on Monday, August 19th. National Bank Financial dropped their target price on shares of Lithium Americas from C$8.50 to C$6.25 and set an “outperform” rating on the stock in a report on Thursday, May 23rd.
The company has a debt-to-equity ratio of 116.08, a quick ratio of 7.29 and a current ratio of 7.88. The stock’s fifty day moving average price is C$4.60 and its 200-day moving average price is C$5.13. The company has a market capitalization of $416.76 million and a P/E ratio of -15.08.
About Lithium Americas (TSE:LAC)
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 owns a 100% interest in the Thacker Pass lithium project located in Nevada. The company also manufactures and sells organoclay products that are used in complex oil and gas drilling and other applications.
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