Lithium Americas Corp (TSE:LAC) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$3.92 and last traded at C$3.93, with a volume of 123356 shares traded. The stock had previously closed at C$4.08.
Separately, BMO Capital Markets restated a “market perform” rating and issued a C$6.00 price objective on shares of Lithium Americas in a research report on Tuesday, October 30th.
The company has a quick ratio of 7.23, a current ratio of 8.56 and a debt-to-equity ratio of 11.55.
Lithium Americas (TSE:LAC) last posted its quarterly earnings data on Tuesday, November 13th. The company reported C($0.11) earnings per share for the quarter, missing the consensus estimate of C($0.09) by C($0.02). The business had revenue of C$1.86 million for the quarter, compared to analysts’ expectations of C$1.44 million. Analysts expect that Lithium Americas Corp will post -0.330000009705883 earnings per share for the current fiscal year.
In other Lithium Americas news, Director John Kanellitsas bought 25,000 shares of Lithium Americas stock in a transaction dated Monday, October 29th. The shares were bought at an average price of C$3.60 per share, with a total value of C$90,000.00. Also, Director Jonathan David Evans bought 8,500 shares of Lithium Americas stock in a transaction dated Wednesday, October 17th. The stock was acquired at an average cost of C$4.08 per share, for a total transaction of C$34,680.00. Insiders acquired a total of 41,500 shares of company stock valued at $158,280 in the last 90 days.