Lithium Americas Corp (TSE:LAC)’s share price dropped 6.2% during trading on Monday . The stock traded as low as C$9.04 and last traded at C$9.09. Approximately 322,383 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 636,721 shares. The stock had previously closed at C$9.69.
LAC has been the subject of several research reports. Canaccord Genuity raised shares of Lithium Americas from a “hold” rating to a “speculative buy” rating and dropped their price objective for the company from C$12.00 to C$11.00 in a research note on Friday, January 19th. National Bank Financial increased their price objective on shares of Lithium Americas from C$1.90 to C$2.30 and gave the company an “outperform” rating in a research note on Wednesday, October 25th.
The firm has a market cap of $804.28, a P/E ratio of -15.41 and a beta of 2.03.
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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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