Lithium Americas Corp (LAC) Stock Price Up 9.8%
Lithium Americas Corp (TSE:LAC) rose 9.8% on Thursday . The company traded as high as C$11.36 and last traded at C$10.99. Approximately 647,543 shares changed hands during trading, a decline of 67% from the average daily volume of 1,950,000 shares. The stock had previously closed at C$10.01.
LAC has been the subject of a number of recent analyst reports. Canaccord Genuity lowered shares of Lithium Americas Corp from a “speculative buy” rating to a “hold” rating and raised their price target for the company from C$1.50 to C$1.90 in a report on Wednesday, October 11th. National Bank Financial reaffirmed an “outperform” rating and set a C$1.40 price target on shares of Lithium Americas Corp in a report on Monday, July 24th.
In other news, Director William Thomas Hodgson purchased 70,000 shares of the stock in a transaction that occurred on Monday, September 25th. The stock was acquired at an average cost of C$1.46 per share, with a total value of C$102,200.00. Also, Director Franco Mignacco sold 25,000 shares of the firm’s stock in a transaction on Friday, October 6th. The shares were sold at an average price of C$1.70, for a total transaction of C$42,500.00. Over the last ninety days, insiders have purchased 128,920 shares of company stock valued at $157,228.
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About Lithium Americas Corp
Lithium Americas Corp., formerly Western Lithium USA Corp., is a resource company. The Company is focused on development of two lithium development projects: the Cauchari-Olaroz project, which is located in Jujuy province of Argentina and the Lithium Nevada project, which is located in north-western Nevada, the United States.
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