Franco Mignacco Sells 25,000 Shares of Lithium Americas Corp (LAC) Stock
Lithium Americas Corp (TSE:LAC) Director Franco Mignacco sold 25,000 shares of the company’s stock in a transaction dated Friday, October 6th. The shares were sold at an average price of C$1.70, for a total transaction of C$42,500.00.
Shares of Lithium Americas Corp (LAC) opened at 1.69 on Friday. The company’s 50-day moving average is $1.50 and its 200-day moving average is $1.10. Lithium Americas Corp has a 52-week low of $0.52 and a 52-week high of $1.80. The firm’s market cap is $738.90 million.
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A number of research analysts have recently commented on LAC shares. National Bank Financial reaffirmed an “outperform” rating and set a C$1.40 price objective on shares of Lithium Americas Corp in a research note on Monday, July 24th. Canaccord Genuity downgraded shares of Lithium Americas Corp from a “speculative buy” rating to a “hold” rating and upped their price objective for the company from C$1.50 to C$1.90 in a research note on Wednesday.
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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