Lithium Americas (TSE:LAC) Share Price Crosses Below Two Hundred Day Moving Average of $9.26

Lithium Americas Corp. (TSE:LAC) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$9.26 and traded as low as C$9.19. Lithium Americas shares last traded at C$9.82, with a volume of 602,597 shares.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. cut their price objective on shares of Lithium Americas from C$10.00 to C$7.50 and set a “neutral” rating on the stock in a report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$22.75.

Lithium Americas Trading Up 4.2 %

The stock’s fifty day moving average price is C$7.40 and its 200 day moving average price is C$9.26. The company has a quick ratio of 52.06, a current ratio of 8.38 and a debt-to-equity ratio of 0.97. The stock has a market cap of C$1.59 billion, a PE ratio of -327.33 and a beta of 1.58.

Lithium Americas (TSE:LAC) last posted its quarterly earnings results on Friday, March 15th. The company reported C($0.11) EPS for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.07). On average, sell-side analysts forecast that Lithium Americas Corp. will post 1.3803828 EPS for the current year.

Insider Activity

In related news, Director Juan Diego Lopez Casanello bought 10,000 shares of the business’s stock in a transaction on Friday, January 19th. The stock was acquired at an average price of C$4.54 per share, with a total value of C$45,400.00. Corporate insiders own 0.38% of the company’s stock.

Lithium Americas Company Profile

Lithium Americas Corp. engages in the exploration and development of lithium properties in the United States and Canada. It holds a 100% interest in the Thacker Pass project located in northern Nevada, as well as investments in exploration properties in the United States and Canada. Lithium Americas Corp.