Lithium Americas Corp (LAC) Director Franco Mignacco Sells 25,000 Shares
Lithium Americas Corp (TSE:LAC) Director Franco Mignacco sold 25,000 shares of the company’s stock in a transaction on Friday, October 6th. The stock was sold at an average price of C$1.70, for a total transaction of C$42,500.00.
Shares of Lithium Americas Corp (LAC) traded down 1.14% on Wednesday, hitting $1.74. 1,395,506 shares of the company traded hands. The firm’s market capitalization is $760.76 million. Lithium Americas Corp has a 1-year low of $0.52 and a 1-year high of $1.80. The firm’s 50-day moving average is $1.48 and its 200 day moving average is $1.09.
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Several research analysts have commented on the stock. National Bank Financial restated an “outperform” rating and issued a C$1.40 price objective on shares of Lithium Americas Corp in a report on Monday, July 24th. Canaccord Genuity lowered shares of Lithium Americas Corp from a “speculative buy” rating to a “hold” rating and upped their price objective for the stock from C$1.50 to C$1.90 in a report on Wednesday.
About Lithium Americas Corp
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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