Lithium Americas Corp (LAC) Shares Down 13.7%
Lithium Americas Corp (TSE:LAC)’s share price fell 13.7% on Monday . The company traded as low as C$10.91 and last traded at C$12.55. 1,160,189 shares traded hands during trading, an increase of 391% from the average session volume of 236,437 shares. The stock had previously closed at C$11.04.
A number of research firms have weighed in on LAC. National Bank Financial upped their price target on Lithium Americas Corp from C$1.90 to C$2.30 and gave the stock an “outperform” rating in a research report on Wednesday, October 25th. Canaccord Genuity downgraded Lithium Americas Corp from a “speculative buy” rating to a “hold” rating and upped their price target for the stock from C$1.50 to C$1.90 in a research report on Wednesday, October 11th.
In related news, Director William Thomas Hodgson acquired 70,000 shares of the business’s stock in a transaction dated Monday, September 25th. The stock was bought at an average price of C$1.46 per share, with a total value of C$102,200.00. Also, insider Eduard Epshtein sold 50,356 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of C$1.05, for a total value of C$52,873.80. In the last three months, insiders bought 128,920 shares of company stock valued at $157,228 and sold 246,478 shares valued at $95,374.
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Lithium Americas Corp 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.
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