Lithium Americas Corp (TSE:LAC) Senior Officer Rene James William Leblanc Sells 6,000 Shares

Lithium Americas Corp (TSE:LAC) Senior Officer Rene James William Leblanc sold 6,000 shares of the stock in a transaction on Friday, October 18th. The stock was sold at an average price of C$3.95, for a total value of C$23,700.00. Following the completion of the sale, the insider now directly owns 57,846 shares in the company, valued at C$228,491.70.

Rene James William Leblanc also recently made the following trade(s):

  • On Wednesday, October 23rd, Rene James William Leblanc sold 3,900 shares of Lithium Americas stock. The stock was sold at an average price of C$3.96, for a total value of C$15,444.00.
  • On Monday, October 21st, Rene James William Leblanc sold 6,000 shares of Lithium Americas stock. The stock was sold at an average price of C$3.98, for a total value of C$23,880.00.

Shares of Lithium Americas stock traded up C$0.12 during trading on Wednesday, hitting C$4.07. 38,168 shares of the company’s stock traded hands, compared to its average volume of 127,608. The company has a debt-to-equity ratio of 116.08, a current ratio of 7.88 and a quick ratio of 7.29. Lithium Americas Corp has a 1 year low of C$3.74 and a 1 year high of C$6.43. The stock has a market capitalization of $351.75 million and a P/E ratio of -12.84. The business has a 50-day simple moving average of C$4.15 and a 200-day simple moving average of C$4.88.

Lithium Americas (TSE:LAC) last released its quarterly earnings data on Tuesday, August 13th. The company reported C($0.09) EPS for the quarter, meeting the consensus estimate of C($0.09). The business had revenue of C$1.99 million for the quarter, compared to analysts’ expectations of C$2.08 million. On average, equities analysts predict that Lithium Americas Corp will post -0.28 earnings per share for the current fiscal year.

A number of equities research analysts have recently commented on the company. Roth Capital reissued a “buy” rating on shares of Lithium Americas in a research note on Monday, August 19th. Eight Capital increased their price objective on Lithium Americas from C$13.75 to C$14.00 in a research report on Wednesday, October 2nd.

About Lithium Americas

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 owns a 100% interest in the Thacker Pass lithium project located in Nevada. The company also manufactures and sells organoclay products that are used in complex oil and gas drilling and other applications.

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