Lithium Americas (Argentina) (TSE:LAR) Trading 13.9% Higher – Here’s What Happened

Lithium Americas (Argentina) Corp. (TSE:LAR)’s stock price traded up 13.9% during mid-day trading on Friday . The stock traded as high as C$9.43 and last traded at C$9.42. 336,966 shares were traded during mid-day trading, an increase of 26% from the average daily volume of 267,409 shares. The stock had previously closed at C$8.27.

Lithium Americas (Argentina) Price Performance

The business has a 50 day moving average of C$10.09 and a 200 day moving average of C$10.89. The firm has a market capitalization of C$1.55 billion, a price-to-earnings ratio of -27.71 and a beta of 2.42.

Lithium Americas (Argentina) Company Profile

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’.