Lithium Americas (TSE:LAC) Trading Down 27.8%

Lithium Americas Corp. (TSE:LAC)’s share price fell 27.8% during mid-day trading on Thursday . The company traded as low as C$6.42 and last traded at C$6.61. 804,613 shares were traded during trading, an increase of 34% from the average session volume of 600,825 shares. The stock had previously closed at C$9.16.

Wall Street Analysts Forecast Growth

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

Lithium Americas Stock Up 1.1 %

The stock’s 50-day moving average price is C$7.83 and its two-hundred day moving average price is C$8.65. The stock has a market capitalization of C$1.05 billion, a PE ratio of -216.00 and a beta of 1.58. The company has a debt-to-equity ratio of 0.97, a quick ratio of 52.06 and a current ratio of 8.38.

Lithium Americas (TSE:LAC) last announced its quarterly earnings data on Friday, March 15th. The company reported C($0.11) EPS for the quarter, missing the consensus estimate of C($0.04) by C($0.07). As a group, analysts expect that Lithium Americas Corp. will post 1.3803828 EPS for the current fiscal year.

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.