Lithium Americas Corp. (TSE:LAC) Director Purchases C$194,500.00 in Stock

Lithium Americas Corp. (TSE:LACGet Free Report) Director John Kanellitsas bought 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The stock was bought at an average price of C$3.89 per share, with a total value of C$194,500.00.

Lithium Americas Stock Performance

Shares of TSE:LAC traded down C$0.02 on Wednesday, reaching C$4.08. The company’s stock had a trading volume of 722,277 shares, compared to its average volume of 749,086. Lithium Americas Corp. has a 52-week low of C$4.01 and a 52-week high of C$28.88. The company has a debt-to-equity ratio of 0.97, a current ratio of 8.38 and a quick ratio of 52.06. The stock’s 50-day moving average is C$6.42 and its two-hundred day moving average is C$7.15. The stock has a market capitalization of C$886.05 million, a P/E ratio of -58.57 and a beta of 1.58.

Lithium Americas (TSE:LACGet Free Report) last issued its quarterly earnings results on Monday, May 13th. The company reported C($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.01). Lithium Americas had a negative return on equity of 2.11% and a negative net margin of 160.61%. As a group, sell-side analysts forecast that Lithium Americas Corp. will post 1.3803828 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on LAC shares. Eight Capital upgraded shares of Lithium Americas to a “strong-buy” rating in a research note on Tuesday, May 14th. National Bank Financial raised shares of Lithium Americas to a “hold” rating in a research report on Wednesday, June 5th. Finally, National Bankshares set a C$7.00 price target on shares of Lithium Americas and gave the company a “sector perform” rating in a research report on Thursday, June 6th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to, the stock has an average rating of “Moderate Buy” and a consensus target price of C$9.00.

View Our Latest Report on LAC

About Lithium Americas

(Get Free Report)

Lithium Americas Corp. engages in the exploration and development of lithium properties in the United States and Canada. It holds a 100% interest in the Thacker Pass project located in northern Nevada, as well as investments in exploration properties in the United States and Canada. Lithium Americas Corp.

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