Lithium Americas Corp. (TSE:LAC) Senior Officer Edward Grandy Sells 4,894 Shares

Lithium Americas Corp. (TSE:LAC) Senior Officer Edward Grandy sold 4,894 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of C$4.71, for a total value of C$23,051.21.

Lithium Americas Stock Performance

Shares of TSE LAC traded down C$0.02 during trading on Thursday, reaching C$4.69. 98,302 shares of the stock traded hands, compared to its average volume of 711,572. The company has a 50-day moving average of C$5.07 and a 200-day moving average of C$4.16. Lithium Americas Corp. has a 52-week low of C$2.87 and a 52-week high of C$10.59. The stock has a market capitalization of C$1.02 billion, a P/E ratio of -29.31 and a beta of 1.58. The company has a debt-to-equity ratio of 0.69, a current ratio of 20.15 and a quick ratio of 52.06.

Lithium Americas (TSE:LAC) last issued its quarterly earnings data on Tuesday, November 5th. The company reported C($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.03) by C$0.01. Analysts forecast that Lithium Americas Corp. will post 1.3803828 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LAC has been the topic of several research analyst reports. National Bank Financial upgraded Lithium Americas from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. National Bankshares upgraded Lithium Americas from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from C$5.75 to C$7.25 in a report on Thursday, October 17th. BMO Capital Markets upgraded shares of Lithium Americas to a “hold” rating in a report on Wednesday, October 23rd. Finally, Wedbush raised Lithium Americas to a “hold” rating in a research note on Thursday, December 19th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$7.38.

Lithium Americas Company Profile

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.