Lithium Americas Corp (LAC) Shares Down 5.9%

Lithium Americas Corp (TSE:LAC) traded down 5.9% during trading on Monday . The stock traded as low as C$1.96 and last traded at C$1.99. 1,526,934 shares traded hands during mid-day trading, a decline of 11% from the average session volume of 1,723,610 shares. The stock had previously closed at C$2.11.

A number of brokerages recently commented on LAC. National Bank Financial lifted their price objective on Lithium Americas Corp from C$1.90 to C$2.30 and gave the stock an “outperform” rating in a research note on Wednesday, October 25th. Canaccord Genuity lowered Lithium Americas Corp from a “speculative buy” rating to a “hold” rating and lifted their target price for the stock from C$1.50 to C$1.90 in a report on Wednesday, October 11th.

The stock has a 50 day moving average of $1.72 and a 200-day moving average of $1.18. The company’s market cap is $883.19 million.

In related news, Director Franco Mignacco sold 25,000 shares of Lithium Americas Corp stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of C$1.70, for a total value of C$42,500.00. Also, insider Eduard Epshtein sold 50,356 shares of Lithium Americas Corp stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of C$1.05, for a total transaction of C$52,873.80. In the last three months, insiders have acquired 128,920 shares of company stock worth $157,228 and have sold 246,478 shares worth $95,374.

COPYRIGHT VIOLATION WARNING: This piece was originally posted by Community Financial News and is the property of of Community Financial News. If you are viewing this piece on another domain, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this piece can be accessed at

About Lithium Americas Corp

Lithium Americas Corp., formerly Western Lithium USA Corp., is a resource company. The Company is focused on development of two lithium development projects: the Cauchari-Olaroz project, which is located in Jujuy province of Argentina and the Lithium Nevada project, which is located in north-western Nevada, the United States.

What are top analysts saying about Lithium Americas Corp? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Lithium Americas Corp and related companies.


Leave a Reply

share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit