Edward Grandy Sells 4,894 Shares of Lithium Americas Corp. (TSE:LAC) Stock

Lithium Americas Corp. (TSE:LAC) Senior Officer Edward Grandy sold 4,894 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of C$4.71, for a total value of C$23,051.21.

Lithium Americas Stock Performance

Lithium Americas stock opened at C$4.54 on Friday. The company has a current ratio of 20.15, a quick ratio of 52.06 and a debt-to-equity ratio of 0.69. The firm has a market cap of C$989.72 million, a P/E ratio of -28.38 and a beta of 1.58. Lithium Americas Corp. has a 1-year low of C$2.87 and a 1-year high of C$10.59. The firm has a 50-day moving average of C$5.05 and a 200-day moving average of C$4.17.

Lithium Americas (TSE:LAC) last released its quarterly earnings data on Tuesday, November 5th. The company reported C($0.02) earnings per share for the quarter, topping the consensus estimate of C($0.03) by C$0.01. Sell-side analysts expect that Lithium Americas Corp. will post 1.3803828 EPS for the current year.

Analyst Upgrades and Downgrades

LAC has been the subject of a number of research reports. Wedbush raised shares of Lithium Americas to a “hold” rating in a research note on Thursday, December 19th. National Bankshares upped their price target on shares of Lithium Americas from C$7.25 to C$7.50 and gave the company an “outperform” rating in a research report on Friday. BMO Capital Markets raised Lithium Americas to a “hold” rating in a research note on Wednesday, October 23rd. Finally, National Bank Financial upgraded Lithium Americas from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$7.50.

About Lithium Americas

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.