Lithium Americas (TSE:LAC) Shares Pass Above 200-Day Moving Average – Time to Sell?

Shares of Lithium Americas Corp. (TSE:LAC) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$4.37 and traded as high as C$4.59. Lithium Americas shares last traded at C$4.43, with a volume of 546,554 shares traded.

Analyst Ratings Changes

Several brokerages have recently weighed in on LAC. Wedbush raised Lithium Americas to a “hold” rating in a research note on Thursday, December 19th. Cormark raised Lithium Americas to a “moderate buy” rating in a research note on Friday, January 17th. Finally, National Bankshares increased their price objective on Lithium Americas from C$7.25 to C$7.50 and gave the company an “outperform” rating in a research note on Friday, January 10th. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Lithium Americas has a consensus rating of “Moderate Buy” and a consensus price target of C$7.50.

Lithium Americas Trading Up 1.8 %

The company has a 50 day moving average of C$4.39 and a 200 day moving average of C$4.38. The company has a debt-to-equity ratio of 0.65, a quick ratio of 52.06 and a current ratio of 13.88. The stock has a market capitalization of C$674.00 million, a price-to-earnings ratio of -23.17 and a beta of 1.58.

About Lithium Americas

Lithium Americas Corp. engages in the exploration and development of lithium properties in the United States and Canada. It holds a 100% interest in the Thacker Pass project located in northern Nevada, as well as investments in exploration properties in the United States and Canada. Lithium Americas Corp.