Lithium Americas Corp’s (LAC) Outperform Rating Reiterated at National Bank Financial

Lithium Americas Corp (TSE:LAC)‘s stock had its “outperform” rating reiterated by equities research analysts at National Bank Financial in a research note issued on Monday, July 24th. They currently have a C$1.40 price target on the stock. National Bank Financial’s price target suggests a potential upside of 29.63% from the company’s current price.

Lithium Americas Corp (LAC) traded up 1.89% during trading on Monday, hitting $1.08. 755,143 shares of the company’s stock traded hands. The stock’s market cap is $472.20 million. The company’s 50 day moving average is $0.98 and its 200-day moving average is $0.97. Lithium Americas Corp has a 12 month low of $0.52 and a 12 month high of $1.26.

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In related news, Director John Kanellitsas bought 100,000 shares of the business’s stock in a transaction that occurred on Friday, July 7th. The stock was bought at an average cost of C$0.67 per share, with a total value of C$67,000.00. Also, insider Tracy Hansen sold 50,000 shares of the firm’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of C$0.98, for a total transaction of C$49,000.00. Insiders have bought a total of 400,000 shares of company stock worth $340,000 over the last 90 days.

Lithium Americas Corp Company Profile

Lithium Americas Corp., a resource company, engages in the acquisition, exploration, and development of mineral properties in Nevada. The company explores for lithium deposits. It primarily holds interests in the Cauchari-Olaroz Project located in Jujuy province of Argentina; and the Lithium Nevada Project covering approximately 15,233 hectares of area located in northwestern Nevada.

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