Lithium Americas (TSE:LAC) Share Price Crosses Below 200-Day Moving Average of $4.65

Lithium Americas Corp (TSE:LAC) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.65 and traded as low as $3.74. Lithium Americas shares last traded at $3.80, with a volume of 35,879 shares traded.

A number of equities research analysts recently weighed in on the company. Roth Capital restated a “buy” rating on shares of Lithium Americas in a research note on Monday, August 19th. Eight Capital upped their price objective on Lithium Americas from C$13.75 to C$14.00 in a research note on Wednesday, October 2nd.

The company has a debt-to-equity ratio of 71.10, a quick ratio of 9.80 and a current ratio of 10.09. The stock has a market capitalization of $338.28 million and a PE ratio of 6.99. The business has a 50 day moving average of C$3.99 and a two-hundred day moving average of C$4.64.

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.

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