Ignacio Celorrio Sells 50,453 Shares of Lithium Americas (Argentina) (TSE:LAR) Stock

Lithium Americas (Argentina) Corp. (TSE:LAR) insider Ignacio Celorrio sold 50,453 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of C$10.11, for a total transaction of C$510,079.83. Following the sale, the insider owned 324,110 shares in the company, valued at C$3,276,752.10. The trade was a 13.47% decrease in their ownership of the stock.

Lithium Americas (Argentina) Price Performance

TSE:LAR traded up C$0.42 during trading hours on Friday, hitting C$9.45. The stock had a trading volume of 217,671 shares, compared to its average volume of 331,798. The firm has a market capitalization of C$1.53 billion, a price-to-earnings ratio of -18.90 and a beta of 1.71. Lithium Americas has a one year low of C$2.36 and a one year high of C$12.03. The company has a 50 day simple moving average of C$9.09 and a two-hundred day simple moving average of C$6.69.

Lithium Americas (Argentina) (TSE:LAR) last announced its quarterly earnings data on Monday, November 10th. The company reported C($0.40) EPS for the quarter.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Scotiabank upgraded shares of Lithium Americas (Argentina) from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. HSBC upgraded Lithium Americas (Argentina) to a “strong-buy” rating in a research note on Monday, January 19th. Finally, TD Securities upgraded shares of Lithium Americas (Argentina) to a “strong-buy” rating in a research report on Monday, February 9th. Four investment analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, Lithium Americas (Argentina) presently has an average rating of “Strong Buy”.

Lithium Americas (Argentina) Company Profile

Lithium Argentina is an emerging producer of lithium carbonate for use primarily in lithium-ion batteries and electric vehicles. The Company, in partnership with Ganfeng operates the Cauchari-Olaroz lithium brine operation in the Jujuy province of Argentina and advancing the PPG Project in the Salta province of Argentina. Lithium Argentina currently trades on the Toronto Stock Exchange (‘ TSX ‘) and the New York Stock Exchange (‘ NYSE ‘) under the ticker ‘LAR’.