Lithium Americas (Argentina) (TSE:LAR) Upgraded at Scotiabank

Scotiabank upgraded shares of Lithium Americas (Argentina) (TSE:LAR) from a hold rating to a strong-buy rating in a research report sent to investors on Monday,Zacks.com reports.

Lithium Americas (Argentina) Stock Up 2.3%

TSE:LAR opened at C$11.61 on Monday. The stock has a fifty day simple moving average of C$7.56 and a 200 day simple moving average of C$5.68. The firm has a market capitalization of C$1.89 billion, a price-to-earnings ratio of -23.22 and a beta of 1.91. Lithium Americas has a 1-year low of C$2.36 and a 1-year high of C$12.03.

Lithium Americas (Argentina) (TSE:LAR) last posted its quarterly earnings data on Monday, November 10th. The company reported C($0.40) EPS for the quarter.

About Lithium Americas (Argentina)

Lithium Argentina is an emerging producer of lithium carbonate for use primarily in lithium-ion batteries and electric vehicles. The Company, in partnership with Ganfeng operates the Cauchari-Olaroz lithium brine operation in the Jujuy province of Argentina and advancing the PPG Project in the Salta province of Argentina. Lithium Argentina currently trades on the Toronto Stock Exchange (‘ TSX ‘) and the New York Stock Exchange (‘ NYSE ‘) under the ticker ‘LAR’.