Lithium Americas (LAC) Sets New 52-Week High at $7.10

Lithium Americas Corp. (TSE:LAC) reached a new 52-week high during trading on Friday . The stock traded as high as C$7.10 and last traded at C$6.96, with a volume of 235078 shares. The stock had previously closed at C$6.90.

Several equities research analysts have recently commented on LAC shares. Canaccord Genuity upgraded 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. Eight Capital upgraded Lithium Americas from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from C$13.60 to C$13.00 in a research note on Friday, April 6th.

Lithium Americas (TSE:LAC) last issued its quarterly earnings results on Thursday, March 29th. The company reported C($0.01) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C($0.05) by C$0.04. Lithium Americas had a negative return on equity of 52.25% and a negative net margin of 1,204.82%. The business had revenue of C$0.57 million during the quarter, compared to analyst estimates of C$1.36 million.

In other Lithium Americas news, Director Franco Mignacco sold 15,000 shares of the stock in a transaction on Wednesday, April 11th. The stock was sold at an average price of C$7.22, for a total value of C$108,300.00.

Lithium Americas Company Profile

Lithium Americas Corp. operates as a resource company in the United States. The company explores for lithium deposits. It primarily holds interests in the Cauchari-Olaroz Project located in Jujuy province of Argentina; and the Lithium Nevada Project covering approximately 15,233 hectares of area located in northwestern Nevada.

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