Lithium Americas (Argentina) (TSE:LAR) Shares Down 2.1% – Time to Sell?

Lithium Americas (Argentina) Corp. (TSE:LAR)’s share price traded down 2.1% during trading on Thursday. The company traded as low as C$6.14 and last traded at C$6.21. 177,617 shares traded hands during mid-day trading, a decline of 31% from the average daily volume of 255,972 shares. The stock had previously closed at C$6.34.

Lithium Americas (Argentina) Price Performance

The company has a 50-day simple moving average of C$7.88 and a two-hundred day simple moving average of C$10.15. The stock has a market capitalization of C$930.45 million, a price-to-earnings ratio of -16.68 and a beta of 2.71.

Lithium Americas (Argentina) (TSE:LAR) last posted its earnings results on Tuesday, August 11th. The company reported C$0.01 earnings per share (EPS) for the quarter.

About Lithium Americas (Argentina)

Lithium Argentina, in partnership with Ganfeng, operates the Cauchari-Olaroz lithium brine operation in Argentina and is advancing additional lithium resources in the region.