Lithium Americas (TSE:LAC) Stock Passes Below 200 Day Moving Average of $33.18

Lithium Americas Corp. (TSE:LAC – Get Rating)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$33.18 and traded as low as C$31.76. Lithium Americas shares last traded at C$32.03, with a volume of 850,466 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Evercore ISI began coverage on shares of Lithium Americas in a report on Wednesday, November 16th. They issued a “buy” rating and a C$35.00 price target for the company.

Lithium Americas Price Performance

The company has a current ratio of 52.06, a quick ratio of 52.06 and a debt-to-equity ratio of 31.74. The company has a market capitalization of C$4.84 billion, a P/E ratio of -32.68 and a beta of 1.60. The business’s fifty day moving average price is C$29.86 and its 200-day moving average price is C$33.18.

Lithium Americas Company Profile

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Lithium Americas Corp. operates as a resource company in the United States and Argentina. The company explores for lithium deposits. It owns interests in the Cauchari-Olaroz project located in Jujuy province of Argentina; Thacker Pass project located in north-western Nevada; and Pastos Grandes project located in the Salta province of Argentina.