Lithium Americas Corp (LAC) Director Purchases C$93,000.00 in Stock

Lithium Americas Corp (TSE:LAC) Director George R. Ireland acquired 15,000 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was acquired at an average cost of C$6.20 per share, with a total value of C$93,000.00.

Lithium Americas Corp (TSE LAC) opened at C$8.88 on Friday. The company has a market cap of $785.69, a P/E ratio of -15.05 and a beta of 2.03. Lithium Americas Corp has a fifty-two week low of C$3.85 and a fifty-two week high of C$14.06.

Lithium Americas (TSE:LAC) last released its quarterly earnings data on Tuesday, November 14th. The company reported C($0.04) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C($0.05) by C$0.01. Lithium Americas had a negative net margin of 1,204.82% and a negative return on equity of 52.25%. The company had revenue of C$1.33 million during the quarter, compared to the consensus estimate of C$1.95 million.

Several research firms recently commented on LAC. Canaccord Genuity raised shares of Lithium Americas from a “hold” rating to a “speculative buy” rating and cut their price objective for the stock from C$12.00 to C$11.00 in a report on Friday, January 19th. National Bank Financial raised their price objective on shares of Lithium Americas from C$1.90 to C$2.30 and gave the stock an “outperform” rating in a report on Wednesday, October 25th.

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About Lithium Americas

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.

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