Lithium Americas (Argentina) (TSE:LAR) Trading Up 0.2% – Here’s Why

Shares of Lithium Americas (Argentina) Corp. (TSE:LAR) were up 0.2% on Wednesday . The company traded as high as C$5.37 and last traded at C$5.26. Approximately 325,094 shares were traded during trading, an increase of 52% from the average daily volume of 214,288 shares. The stock had previously closed at C$5.25.

Analysts Set New Price Targets

Several research analysts have commented on LAR shares. Cormark raised Lithium Americas (Argentina) to a “moderate buy” rating in a report on Wednesday, August 20th. National Bank Financial raised Lithium Americas (Argentina) from a “hold” rating to a “strong-buy” rating in a report on Monday, August 11th. Finally, Scotiabank downgraded Lithium Americas (Argentina) from an “outperform” rating to a “hold” rating in a report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy”.

Lithium Americas (Argentina) Trading Up 0.2%

The firm has a market capitalization of C$853.70 million, a P/E ratio of -47.82 and a beta of 1.84. The business has a 50-day moving average of C$5.33 and a 200 day moving average of C$3.99.

About Lithium Americas (Argentina)

Lithium Argentina is a producer of lithium carbonate for use primarily in lithium-ion batteries and electric vehicles. The Company, in partnership with Ganfeng Lithium Co Ltd, is operating the Cauchari-Olaroz lithium brine operation in Argentina and advancing development of additional lithium resources in the region.