Lithium Americas Corp (LAC) Given New C$1.90 Price Target at National Bank Financial

Lithium Americas Corp (TSE:LAC) had its price target raised by National Bank Financial from C$1.65 to C$1.90 in a research note released on Thursday. They currently have an outperform rating on the stock.

Shares of Lithium Americas Corp (TSE LAC) traded up 3.11% during trading on Thursday, hitting $1.66. 1,465,530 shares of the company were exchanged. Lithium Americas Corp has a 1-year low of $0.52 and a 1-year high of $1.80. The stock’s market capitalization is $725.79 million. The company has a 50 day moving average of $1.18 and a 200-day moving average of $1.00.

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In other Lithium Americas Corp news, insider Tracy Hansen sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of C$0.98, for a total value of C$49,000.00. Also, Director John Kanellitsas bought 100,000 shares of the company’s stock in a transaction on Friday, July 7th. The stock was purchased at an average cost of C$0.67 per share, for a total transaction of C$67,000.00. Over the last three months, insiders acquired 453,920 shares of company stock worth $386,978 and sold 271,478 shares worth $101,874.

Lithium Americas Corp Company Profile

Lithium Americas Corp., formerly Western Lithium USA Corp., is a resource company. The Company is focused on development of two lithium development projects: the Cauchari-Olaroz project, which is located in Jujuy province of Argentina and the Lithium Nevada project, which is located in north-western Nevada, the United States.

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