Lithium Americas (TSE:LAC) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

Lithium Americas Corp. (TSE:LAC)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$4.31 and traded as low as C$4.28. Lithium Americas shares last traded at C$4.37, with a volume of 597,383 shares.

Analyst Ratings Changes

LAC has been the topic of several research analyst reports. BMO Capital Markets raised Lithium Americas to a “hold” rating in a research note on Wednesday, October 23rd. Wedbush raised Lithium Americas to a “hold” rating in a research note on Thursday, December 19th. National Bankshares increased their price objective on Lithium Americas from C$7.25 to C$7.50 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Finally, Cormark raised Lithium Americas to a “moderate buy” rating in a research note on Friday, January 17th. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$7.50.

Lithium Americas Price Performance

The company has a market cap of C$664.87 million, a PE ratio of -22.86 and a beta of 1.58. 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 50 day moving average of C$4.50 and a 200-day moving average of C$4.31.

Lithium Americas Company Profile

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.