Lithium Americas (TSE:LAC) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Shares of Lithium Americas Corp. (TSE:LAC) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$4.41 and traded as low as C$4.15. Lithium Americas shares last traded at C$4.32, with a volume of 385,897 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. National Bankshares boosted their price target on shares of Lithium Americas from C$7.25 to C$7.50 and gave the company an “outperform” rating in a report on Friday, January 10th. Wedbush raised shares of Lithium Americas to a “hold” rating in a report on Thursday, December 19th. Finally, Cormark raised shares of Lithium Americas to a “moderate buy” rating in a report on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Lithium Americas has an average rating of “Moderate Buy” and a consensus price target of C$7.50.

Lithium Americas Price Performance

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 company’s fifty day simple moving average is C$4.34 and its 200-day simple moving average is C$4.41. The stock has a market cap of C$661.83 million, a P/E ratio of -22.75 and a beta of 1.58.

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.