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

Lithium Americas Corp. (TSE:LAC)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred 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.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on LAC. Cormark upgraded shares of Lithium Americas to a “moderate buy” rating in a research note on Friday, January 17th. Wedbush upgraded shares of Lithium Americas to a “hold” rating in a research note on Thursday, December 19th. Finally, National Bankshares boosted their price objective on shares of Lithium Americas from C$7.25 to C$7.50 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Three research analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$7.50.

Lithium Americas Price Performance

The stock’s 50-day moving average is C$4.34 and its 200-day moving average is C$4.41. The firm has a market cap of C$661.83 million, a P/E ratio of -22.75 and a beta of 1.58. The company has a quick ratio of 52.06, a current ratio of 13.88 and a debt-to-equity ratio of 0.65.

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.