Lithium Americas Corp. (TSE:LAC) Senior Officer Sells C$23,051.21 in Stock

Lithium Americas Corp. (TSE:LAC) Senior Officer Edward Grandy sold 4,894 shares of Lithium Americas stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of C$4.71, for a total transaction of C$23,051.21.

Lithium Americas Stock Performance

TSE:LAC traded down C$0.02 on Thursday, hitting C$4.69. The stock had a trading volume of 98,302 shares, compared to its average volume of 711,572. The business’s 50-day simple moving average is C$5.07 and its two-hundred day simple moving average is C$4.16. Lithium Americas Corp. has a 52-week low of C$2.87 and a 52-week high of C$10.59. The company has a quick ratio of 52.06, a current ratio of 20.15 and a debt-to-equity ratio of 0.69. The stock has a market cap of C$1.02 billion, a price-to-earnings ratio of -29.31 and a beta of 1.58.

Lithium Americas (TSE:LAC) last released its earnings results on Tuesday, November 5th. The company reported C($0.02) earnings per share for the quarter, beating the consensus estimate of C($0.03) by C$0.01. As a group, research analysts predict that Lithium Americas Corp. will post 1.3803828 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on LAC. Wedbush raised Lithium Americas to a “hold” rating in a research note on Thursday, December 19th. National Bankshares upgraded shares of Lithium Americas from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from C$5.75 to C$7.25 in a report on Thursday, October 17th. BMO Capital Markets raised shares of Lithium Americas to a “hold” rating in a research note on Wednesday, October 23rd. Finally, National Bank Financial raised Lithium Americas from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Lithium Americas currently has an average rating of “Moderate Buy” and a consensus target price of C$7.38.

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.