Lithium Americas Corp (LAC) Price Target Raised to C$1.65 at National Bank Financial
Lithium Americas Corp (TSE:LAC) had its price objective hoisted by stock analysts at National Bank Financial from C$1.40 to C$1.65 in a report issued on Friday. National Bank Financial’s price target points to a potential upside of 24.06% from the company’s previous close.
Lithium Americas Corp (TSE LAC) traded up 3.76% during mid-day trading on Friday, reaching $1.38. The company’s stock had a trading volume of 1,509,855 shares. Lithium Americas Corp has a 52 week low of $0.52 and a 52 week high of $1.42. The firm’s market capitalization is $603.37 million. The company’s 50-day moving average price is $1.09 and its 200 day moving average price is $0.98.
In other news, Director Jonathan David Evans acquired 50,000 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was acquired at an average cost of C$0.84 per share, with a total value of C$42,000.00. Also, Director John Kanellitsas acquired 100,000 shares of the firm’s stock in a transaction dated Friday, July 7th. The shares were purchased at an average cost of C$0.67 per share, with a total value of C$67,000.00. In the last three months, insiders acquired 453,920 shares of company stock valued at $386,978 and sold 271,478 shares valued at $101,874.
Lithium Americas Corp Company Profile
Lithium Americas Corp., formerly Western Lithium USA Corp., is a resource company. The Company is focused on development of two lithium development projects: the Cauchari-Olaroz project, which is located in Jujuy province of Argentina and the Lithium Nevada project, which is located in north-western Nevada, the United States.
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