Lithium Americas (Argentina) (NYSE:LAAC) Trading 14.7% Higher – What’s Next?

Lithium Americas (Argentina) Corp. (NYSE:LAAC)’s share price traded up 14.7% during mid-day trading on Wednesday . The company traded as high as $5.34 and last traded at $5.07. 12,044,621 shares traded hands during trading, an increase of 741% from the average session volume of 1,432,022 shares. The stock had previously closed at $4.42.

Lithium Americas (Argentina) Stock Performance

The company has a market capitalization of $821.00 million, a price-to-earnings ratio of 0.65 and a beta of 1.35. The business’s 50-day simple moving average is $3.31 and its 200-day simple moving average is $2.55.

Lithium Americas (Argentina) Company Profile

Lithium Americas (Argentina) Corp. operates as a resource company. The company explores for lithium deposits. The company owns interests in the Cauchari-Olaroz project located in Jujuy province of Argentina. It also has a pipeline of development and exploration stage projects, including the Pastos Grandes project and the Sal de la Puna project located in Salta Province in northwestern Argentina.