Lithium Americas (Argentina) (TSE:LAR) Sets New 52-Week High – Time to Buy?

Lithium Americas (Argentina) Corp. (TSE:LAR)’s stock price hit a new 52-week high on Thursday . The company traded as high as C$9.99 and last traded at C$9.84, with a volume of 413410 shares changing hands. The stock had previously closed at C$9.63.

Lithium Americas (Argentina) Price Performance

The stock’s fifty day simple moving average is C$7.07 and its 200-day simple moving average is C$5.40. The stock has a market cap of C$1.60 billion, a P/E ratio of -19.68 and a beta of 1.91.

Lithium Americas (Argentina) (TSE:LAR) last posted its earnings results on Monday, November 10th. The company reported C($0.40) EPS for the quarter.

Lithium Americas (Argentina) Company Profile

Lithium Argentina is an emerging producer of lithium carbonate for use primarily in lithium-ion batteries and electric vehicles. The Company, in partnership with Ganfeng operates the Cauchari-Olaroz lithium brine operation in the Jujuy province of Argentina and advancing the PPG Project in the Salta province of Argentina. Lithium Argentina currently trades on the Toronto Stock Exchange (‘ TSX ‘) and the New York Stock Exchange (‘ NYSE ‘) under the ticker ‘LAR’.