Lithium Americas (TSE:LAC) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Lithium Americas Corp. (TSE:LAC)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$4.51 and traded as low as C$3.92. Lithium Americas shares last traded at C$4.02, with a volume of 281,984 shares.

Analysts Set New Price Targets

LAC has been the subject of several research analyst reports. National Bankshares boosted their price objective on Lithium Americas from C$7.25 to C$7.50 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Cormark raised Lithium Americas to a “moderate buy” rating in a research report on Friday, January 17th. Finally, Evercore ISI raised shares of Lithium Americas to a “strong-buy” rating in a research report on Thursday, April 17th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$7.50.

Lithium Americas Stock Performance

The firm has a fifty day simple moving average of C$3.97 and a 200 day simple moving average of C$4.51. The company has a current ratio of 13.88, a quick ratio of 52.06 and a debt-to-equity ratio of 0.65. The stock has a market cap of C$611.62 million, a price-to-earnings ratio of -21.03 and a beta of 1.58.

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.