Lithium Americas (Argentina) (TSE:LAR) Insider Ignacio Celorrio Sells 50,453 Shares

Lithium Americas (Argentina) Corp. (TSE:LAR) insider Ignacio Celorrio sold 50,453 shares of Lithium Americas (Argentina) stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of C$10.11, for a total value of C$510,079.83. Following the transaction, the insider owned 324,110 shares in the company, valued at approximately C$3,276,752.10. The trade was a 13.47% decrease in their position.

Lithium Americas (Argentina) Stock Up 4.7%

Shares of TSE:LAR opened at C$9.45 on Friday. Lithium Americas has a 52-week low of C$2.36 and a 52-week high of C$12.03. The stock has a market cap of C$1.53 billion, a P/E ratio of -18.90 and a beta of 1.71. The business has a fifty day moving average of C$9.09 and a two-hundred day moving average of C$6.71.

Lithium Americas (Argentina) (TSE:LAR) last posted its quarterly earnings results on Monday, November 10th. The company reported C($0.40) EPS for the quarter.

Analysts Set New Price Targets

LAR has been the topic of several recent analyst reports. Scotiabank upgraded shares of Lithium Americas (Argentina) from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. HSBC raised shares of Lithium Americas (Argentina) to a “strong-buy” rating in a research report on Monday, January 19th. Finally, TD Securities upgraded Lithium Americas (Argentina) to a “strong-buy” rating in a report on Monday, February 9th. Four investment analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, Lithium Americas (Argentina) currently 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’.