Lithium Americas (Argentina) (TSE:LAR) Insider Ignacio Celorrio Sells 50,453 Shares of Stock

Lithium Americas (Argentina) Corp. (TSE:LAR) insider Ignacio Celorrio sold 50,453 shares of the business’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of C$10.11, for a total transaction of C$510,079.83. Following the sale, the insider directly owned 324,110 shares in the company, valued at C$3,276,752.10. This trade represents a 13.47% decrease in their ownership of the stock.

Lithium Americas (Argentina) Stock Performance

Shares of LAR traded up C$0.42 during trading hours on Friday, hitting C$9.45. The stock had a trading volume of 217,671 shares, compared to its average volume of 331,798. Lithium Americas has a fifty-two week low of C$2.36 and a fifty-two week high of C$12.03. The firm has a 50-day moving average price of C$9.09 and a 200 day moving average price of C$6.69. The firm has a market capitalization of C$1.53 billion, a price-to-earnings ratio of -18.90 and a beta of 1.71.

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

Analysts Set New Price Targets

LAR has been the subject of a number of research reports. HSBC upgraded shares of Lithium Americas (Argentina) to a “strong-buy” rating in a report on Monday, January 19th. TD Securities raised Lithium Americas (Argentina) to a “strong-buy” rating in a research report on Monday, February 9th. Finally, Scotiabank upgraded shares of Lithium Americas (Argentina) from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Four analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

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’.