Lithium Americas (TSE:LAC) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

Lithium Americas Corp. (TSE:LAC) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$4.44 and traded as low as C$4.13. Lithium Americas shares last traded at C$4.18, with a volume of 255,817 shares.

Analyst Ratings Changes

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

Lithium Americas Price Performance

The stock has a market cap of C$628.35 million, a PE ratio of -21.60 and a beta of 1.58. The company has a current ratio of 13.88, a quick ratio of 52.06 and a debt-to-equity ratio of 0.65. The business has a fifty day simple moving average of C$4.28 and a two-hundred day simple moving average of C$4.45.

About Lithium Americas

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.