Lithium Americas Corp (LAC) Director Acquires C$314,050.00 in Stock
Lithium Americas Corp (TSE:LAC) Director George R. Ireland acquired 55,000 shares of the firm’s stock in a transaction dated Thursday, September 20th. The stock was bought at an average cost of C$5.71 per share, with a total value of C$314,050.00.
TSE LAC opened at C$6.32 on Friday. Lithium Americas Corp has a twelve month low of C$4.58 and a twelve month high of C$14.06.
Lithium Americas (TSE:LAC) last released its quarterly earnings results on Tuesday, August 14th. The company reported C($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.08) by C($0.02). The business had revenue of C$1.10 million during the quarter, compared to analyst estimates of C$1.39 million. Lithium Americas had a negative return on equity of 52.25% and a negative net margin of 1,204.82%.
Lithium Americas Company Profile
Lithium Americas Corp. operates as a resource company in the United States. The company explores for lithium deposits. It primarily holds interests in the Cauchari-Olaroz Project located in Jujuy province of Argentina; and the Lithium Nevada Project covering approximately 15,233 hectares of area located in northwestern Nevada.
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