George R. Ireland Purchases 15,000 Shares of Lithium Americas Corp (TSE:LAC) Stock

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

Shares of Lithium Americas Corp (TSE LAC) traded up C$0.42 on Wednesday, hitting C$9.17. 188,639 shares of the stock were exchanged, compared to its average volume of 638,339. The stock has a market capitalization of $774.01, a price-to-earnings ratio of -15.73 and a beta of 2.03. Lithium Americas Corp has a 12-month low of C$3.85 and a 12-month high of C$14.06.

Lithium Americas (TSE:LAC) last posted its quarterly earnings results on Tuesday, November 14th. The company reported C($0.04) EPS for the quarter, beating the 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 for the quarter, compared to analyst estimates of C$1.95 million.

A number of equities analysts recently commented on the stock. Canaccord Genuity raised shares of Lithium Americas from a “hold” rating to a “speculative buy” rating and reduced their price objective for the stock from C$12.00 to C$11.00 in a research note on Friday, January 19th. National Bank Financial lifted their price target 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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