Lithium Americas (TSE:LAC) Hits New 12-Month Low – Time to Sell?

Lithium Americas Corp. (TSE:LAC)’s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as C$2.36 and last traded at C$3.64, with a volume of 213288 shares changing hands. The stock had previously closed at C$3.62.

Wall Street Analyst Weigh In

LAC has been the topic of a number of recent research reports. National Bank Financial cut Lithium Americas from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 16th. Evercore ISI raised Lithium Americas to a “strong-buy” rating in a research report on Thursday, April 17th. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$7.50.

Lithium Americas Stock Performance

The company has a debt-to-equity ratio of 0.65, a current ratio of 13.88 and a quick ratio of 52.06. The stock has a 50-day moving average price of C$3.91 and a 200-day moving average price of C$4.33. The firm has a market capitalization of C$550.76 million, a PE ratio of -18.93 and a beta of 1.58.

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.