Lithium Americas (TSE:LAC) Shares Cross Above 50 Day Moving Average of $4.59
Lithium Americas Corp (TSE:LAC)’s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $4.59 and traded as high as $5.11. Lithium Americas shares last traded at $4.93, with a volume of 204,929 shares changing hands.
Separately, Eight Capital boosted their price target on shares of Lithium Americas from C$13.75 to C$14.00 in a research report on Wednesday, October 2nd.
The company has a debt-to-equity ratio of 71.10, a current ratio of 10.09 and a quick ratio of 9.80. The firm has a market capitalization of $470.18 million and a P/E ratio of 9.25. The firm’s fifty day moving average price is C$4.66 and its 200-day moving average price is C$4.40.
Lithium Americas Company Profile (TSE:LAC)
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 owns a 100% interest in the Thacker Pass lithium project located in Nevada. The company also manufactures and sells organoclay products that are used in complex oil and gas drilling and other applications.
Further Reading: Do You Need a Fiduciary?
Receive News & Ratings for Lithium Americas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lithium Americas and related companies with MarketBeat.com's FREE daily email newsletter.