Lithium Americas (LAC) Stock Price Down 2.9%
Lithium Americas Corp (TSE:LAC) shares fell 2.9% during mid-day trading on Monday . The company traded as low as C$8.35 and last traded at C$8.36. 302,342 shares changed hands during trading, a decline of 54% from the average session volume of 664,416 shares. The stock had previously closed at C$8.61.
A number of brokerages have issued reports on LAC. Canaccord Genuity upgraded shares of Lithium Americas from a “hold” rating to a “speculative buy” rating and decreased their target price for the stock from C$12.00 to C$11.00 in a research report on Friday, January 19th. National Bank Financial increased their target price on shares of Lithium Americas from C$1.90 to C$2.30 and gave the stock an “outperform” rating in a research report on Wednesday, October 25th.
The stock has a market capitalization of $759.15, a price-to-earnings ratio of -14.17 and a beta of 2.03.
In other news, Director Gabriel Rubacha purchased 15,000 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was bought at an average price of C$9.23 per share, with a total value of C$138,450.00. Also, Director George R. Ireland purchased 46,719 shares of the business’s stock in a transaction dated Tuesday, January 30th. The shares were purchased at an average cost of C$6.76 per share, with a total value of C$315,820.44. In the last ninety days, insiders have bought 92,919 shares of company stock valued at $699,694.
COPYRIGHT VIOLATION WARNING: This article was first published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this article on another publication, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The legal version of this article can be viewed at https://theolympiareport.com/2018/02/12/lithium-americas-lac-stock-price-down-2-9.html.
Lithium Americas Company Profile
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.
Receive News & Ratings for Lithium Americas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lithium Americas and related companies with MarketBeat.com's FREE daily email newsletter.