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

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

Lithium Americas (Argentina) Stock Performance

TSE:LAR opened at C$9.45 on Monday. The company has a 50-day moving average of C$9.09 and a 200-day moving average of C$6.73. Lithium Americas has a 52 week low of C$2.36 and a 52 week high of C$12.03. The company has a market capitalization of C$1.53 billion, a price-to-earnings ratio of -18.90 and a beta of 1.71.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Scotiabank upgraded Lithium Americas (Argentina) from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. TD Securities upgraded Lithium Americas (Argentina) to a “strong-buy” rating in a research report on Monday, February 9th. Finally, HSBC upgraded Lithium Americas (Argentina) to a “strong-buy” rating in a research note on Monday, January 19th. Four equities research analysts have rated the stock with a Strong Buy rating, According to MarketBeat, Lithium Americas (Argentina) has an average rating of “Strong Buy”.

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’.