Lithium Americas Corp (TSE:LAC) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.05 and traded as low as $4.07. Lithium Americas shares last traded at $4.09, with a volume of 50,430 shares traded.
Separately, Roth Capital reiterated a “buy” rating on shares of Lithium Americas in a research report on Monday, August 19th.
The company has a 50-day simple moving average of C$4.36 and a 200-day simple moving average of C$5.05. The firm has a market cap of $374.01 million and a PE ratio of -12.62. The company has a debt-to-equity ratio of 116.08, a current ratio of 7.88 and a quick ratio of 7.29.
About Lithium Americas (TSE:LAC)
Lithium Americas Corp. operates as a resource company in the United States. The company explores for lithium deposits. It primarily holds interests in the Cauchari-Olaroz Project located in Jujuy province of Argentina; and owns a 100% interest in the Thacker Pass lithium project located in Nevada. The company also manufactures and sells organoclay products that are used in complex oil and gas drilling and other applications.
Further Reading: Quantitative Easing
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