Lithium Americas (TSE:LAC) Stock Price Passes Below 200 Day Moving Average of $32.67

Lithium Americas Corp. (TSE:LAC – Get Rating) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$32.67 and traded as low as C$27.40. Lithium Americas shares last traded at C$27.70, with a volume of 530,684 shares.

Analyst Ratings Changes

Separately, Pi Financial restated a “buy” rating and set a C$40.00 price objective on shares of Lithium Americas in a research note on Wednesday, March 8th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$39.67.

Lithium Americas Stock Performance

The stock has a market capitalization of C$4.18 billion, a P/E ratio of -30.78 and a beta of 1.60. The company has a debt-to-equity ratio of 31.74, a quick ratio of 52.06 and a current ratio of 52.06. The company’s fifty day simple moving average is C$30.54 and its two-hundred day simple moving average is C$32.67.

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.