Lithium Americas (TSE:LAC) Stock Crosses Below 200-Day Moving Average of $5.05

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.

Lithium Americas (TSE:LAC) last announced its earnings results on Tuesday, August 13th. The company reported C($0.09) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of C($0.09). The business had revenue of C$1.99 million for the quarter, compared to analysts’ expectations of C$2.08 million. As a group, equities research analysts predict that Lithium Americas Corp will post -0.28 earnings per share for the current year.

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.

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