Lithium Americas (Argentina) (NYSE:LAAC) Trading 3.9% Higher – Still a Buy?

Posted by Samantha Reynolds on Dec 14th, 2024

Lithium Americas (Argentina) Corp. (NYSE:LAAC – Get Free Report)’s share price traded up 3.9% during trading on Thursday . The stock traded as high as $3.17 and last traded at $3.16. 854,971 shares were traded during trading, a decline of 43% from the average session volume of 1,488,520 shares. The stock had previously closed at $3.04.

Lithium Americas (Argentina) Price Performance

The company has a fifty day simple moving average of $3.36 and a two-hundred day simple moving average of $3.19. The company has a market capitalization of $498.74 million, a P/E ratio of 0.40 and a beta of 1.31.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LAAC. Fairscale Capital LLC bought a new stake in shares of Lithium Americas (Argentina) in the second quarter valued at approximately $31,000. Fifth Third Bancorp grew its position in Lithium Americas (Argentina) by 67.9% in the 2nd quarter. Fifth Third Bancorp now owns 9,895 shares of the company’s stock worth $32,000 after purchasing an additional 4,000 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new position in shares of Lithium Americas (Argentina) during the 2nd quarter worth about $36,000. Legacy Capital Group California Inc. acquired a new position in shares of Lithium Americas (Argentina) during the third quarter valued at about $36,000. Finally, Sanctuary Advisors LLC acquired a new stake in Lithium Americas (Argentina) during the third quarter worth about $40,000. 49.17% of the stock is currently owned by institutional investors and hedge funds.

Lithium Americas (Argentina) Company Profile

(Get Free Report)

Lithium Americas (Argentina) Corp. operates as a resource company. The company explores for lithium deposits. The company owns interests in the Cauchari-Olaroz project located in Jujuy province of Argentina. It also has a pipeline of development and exploration stage projects, including the Pastos Grandes project and the Sal de la Puna project located in Salta Province in northwestern Argentina.