Lithium Americas (TSE:LAC) Stock Passes Below 200 Day Moving Average – Here’s What Happened

Lithium Americas Corp. (TSE:LAC)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$4.44 and traded as low as C$4.13. Lithium Americas shares last traded at C$4.18, with a volume of 255,817 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Wedbush raised Lithium Americas to a “hold” rating in a research note on Thursday, December 19th. National Bankshares increased their price target on Lithium Americas from C$7.25 to C$7.50 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Finally, Cormark raised shares of Lithium Americas to a “moderate buy” rating in a report on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$7.50.

Lithium Americas Trading Down 1.9 %

The company’s 50 day moving average price is C$4.32 and its 200 day moving average price is C$4.44. The firm has a market cap of C$635.96 million, a PE ratio of -21.86 and a beta of 1.58. The company has a debt-to-equity ratio of 0.65, a current ratio of 13.88 and a quick ratio of 52.06.

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.