Lithium Americas (TSE:LAC) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Shares of Lithium Americas Corp. (TSE:LAC) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$4.33 and traded as low as C$3.95. Lithium Americas shares last traded at C$3.95, with a volume of 149,376 shares.

Analyst Ratings Changes

LAC has been the topic of several recent analyst reports. National Bankshares lifted their price objective on shares of Lithium Americas from C$7.25 to C$7.50 and gave the company an “outperform” rating in a research report on Friday, January 10th. Cormark raised shares of Lithium Americas to a “moderate buy” rating in a report on Friday, January 17th. Finally, Wedbush upgraded Lithium Americas to a “hold” rating in a research report on Thursday, December 19th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Lithium Americas presently has an average rating of “Moderate Buy” and an average price target of C$7.50.

Lithium Americas Stock Down 2.8 %

The company has a market cap of C$584.23 million, a PE ratio of -20.08 and a beta of 1.58. The company has a fifty day moving average of C$4.45 and a two-hundred day moving average of C$4.34. The company has a debt-to-equity ratio of 0.65, a quick ratio of 52.06 and a current ratio of 13.88.

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.