Lithium Americas Corp (LAC) Stock Price Up 3.6%
Lithium Americas Corp (TSE:LAC) rose 3.6% during trading on Wednesday . The stock traded as high as C$1.76 and last traded at C$1.75. Approximately 1,197,275 shares were traded during trading, a decline of 10% from the average daily volume of 1,327,590 shares. The stock had previously closed at C$1.69.
LAC has been the topic of several recent research reports. Canaccord Genuity downgraded shares of Lithium Americas Corp from a “speculative buy” rating to a “hold” rating and lifted their target price for the stock from C$1.50 to C$1.90 in a research report on Wednesday, October 11th. National Bank Financial restated an “outperform” rating and issued a C$1.40 price target on shares of Lithium Americas Corp in a research report on Monday, July 24th.
The stock’s market cap is $769.51 million. The stock has a 50-day moving average price of $1.53 and a 200 day moving average price of $1.10.
In other news, Director Jonathan David Evans bought 50,000 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were purchased at an average price of C$0.84 per share, for a total transaction of C$42,000.00. Also, insider Eduard Epshtein sold 50,356 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of C$1.05, for a total transaction of C$52,873.80. In the last 90 days, insiders bought 323,920 shares of company stock worth $331,178 and sold 296,478 shares worth $144,374.
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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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