Rene James William Leblanc Sells 6,000 Shares of Lithium Americas Corp (TSE:LAC) Stock

Lithium Americas Corp (TSE:LAC) Senior Officer Rene James William Leblanc sold 6,000 shares of the firm’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of C$3.98, for a total transaction of C$23,880.00. Following the completion of the transaction, the insider now owns 51,846 shares in the company, valued at C$206,347.08.

Rene James William Leblanc also recently made the following trade(s):

  • On Wednesday, October 23rd, Rene James William Leblanc sold 3,900 shares of Lithium Americas stock. The stock was sold at an average price of C$3.96, for a total transaction of C$15,444.00.
  • On Friday, October 18th, Rene James William Leblanc sold 6,000 shares of Lithium Americas stock. The stock was sold at an average price of C$3.95, for a total transaction of C$23,700.00.

TSE:LAC traded up C$0.12 during mid-day trading on Wednesday, hitting C$4.07. The stock had a trading volume of 38,168 shares, compared to its average volume of 127,608. The stock has a market capitalization of $351.75 million and a price-to-earnings ratio of -12.87. The company has a 50 day simple moving average of C$4.15 and a 200-day simple moving average of C$4.88. Lithium Americas Corp has a 52 week low of C$3.74 and a 52 week high of C$6.43. The company has a current ratio of 7.88, a quick ratio of 7.29 and a debt-to-equity ratio of 116.08.

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

LAC has been the topic of a number of recent research reports. Eight Capital raised their price target on shares of Lithium Americas from C$13.75 to C$14.00 in a research report on Wednesday, October 2nd. Roth Capital restated a “buy” rating on shares of Lithium Americas in a research report on Monday, August 19th.

Lithium Americas Company Profile

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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