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

Lithium Americas Corp. (TSE:LAC) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$4.41 and traded as low as C$4.15. Lithium Americas shares last traded at C$4.32, with a volume of 385,897 shares changing hands.

Wall Street Analysts Forecast Growth

LAC has been the topic of several recent analyst reports. Wedbush raised shares of Lithium Americas to a “hold” rating in a report on Thursday, December 19th. National Bankshares increased their price objective on shares of Lithium Americas from C$7.25 to C$7.50 and gave the company an “outperform” rating in a report on Friday, January 10th. Finally, Cormark raised shares of Lithium Americas to a “moderate buy” rating in a research note on Friday, January 17th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$7.50.

Lithium Americas Stock Up 3.6 %

The firm has a 50-day moving average of C$4.37 and a two-hundred day moving average of C$4.41. The company has a market capitalization of C$657.26 million, a PE ratio of -22.60 and a beta of 1.58. The company has a quick ratio of 52.06, a current ratio of 13.88 and a debt-to-equity ratio of 0.65.

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.