Daniel Cherniak Sells 30,977 Shares of Lithium Americas (Argentina) (TSE:LAR) Stock

Lithium Americas (Argentina) Corp. (TSE:LAR) insider Daniel Cherniak sold 30,977 shares of Lithium Americas (Argentina) stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of C$10.57, for a total transaction of C$327,426.89. Following the sale, the insider directly owned 24,754 shares of the company’s stock, valued at C$261,649.78. This represents a 55.58% decrease in their position.

Lithium Americas (Argentina) Stock Performance

Shares of TSE LAR opened at C$9.45 on Monday. Lithium Americas has a 52-week low of C$2.36 and a 52-week high of C$12.03. The firm has a market capitalization of C$1.53 billion, a price-to-earnings ratio of -18.90 and a beta of 1.71. The stock has a 50 day moving average price of C$9.09 and a 200 day moving average price of C$6.73.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. HSBC raised Lithium Americas (Argentina) to a “strong-buy” rating in a research report on Monday, January 19th. TD Securities raised shares of Lithium Americas (Argentina) to a “strong-buy” rating in a research note on Monday, February 9th. Finally, Scotiabank raised shares of Lithium Americas (Argentina) from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Four analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, the company has an average rating of “Strong Buy”.

About Lithium Americas (Argentina)

Lithium Argentina is an emerging producer of lithium carbonate for use primarily in lithium-ion batteries and electric vehicles. The Company, in partnership with Ganfeng operates the Cauchari-Olaroz lithium brine operation in the Jujuy province of Argentina and advancing the PPG Project in the Salta province of Argentina. Lithium Argentina currently trades on the Toronto Stock Exchange (‘ TSX ‘) and the New York Stock Exchange (‘ NYSE ‘) under the ticker ‘LAR’.