George R. Ireland Purchases 15,000 Shares of Lithium Americas Corp (LAC) Stock

Lithium Americas Corp (TSE:LAC) Director George R. Ireland purchased 15,000 shares of Lithium Americas stock in a transaction dated Monday, February 5th. The shares were bought at an average price of C$6.20 per share, with a total value of C$93,000.00.

Lithium Americas Corp (TSE LAC) traded up C$0.65 during mid-day trading on Tuesday, hitting C$8.52. 508,768 shares of the stock were exchanged, compared to its average volume of 640,914. Lithium Americas Corp has a 52 week low of C$3.85 and a 52 week high of C$14.06. The firm has a market cap of $696.29, a P/E ratio of -13.57 and a beta of 2.03.

Lithium Americas (TSE:LAC) last issued its quarterly earnings data on Tuesday, November 14th. The company reported C($0.04) earnings per share for the quarter, topping the Zacks’ consensus estimate of C($0.05) by C$0.01. Lithium Americas had a negative net margin of 1,204.82% and a negative return on equity of 52.25%.

LAC has been the subject of a number of research reports. Canaccord Genuity upgraded shares of Lithium Americas from a “hold” rating to a “speculative buy” rating and reduced their price target for the company from C$12.00 to C$11.00 in a research report on Friday, January 19th. National Bank Financial lifted their price target on shares of Lithium Americas from C$1.90 to C$2.30 and gave the company an “outperform” rating in a research report on Wednesday, October 25th.

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About Lithium Americas

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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