Lithium Americas (LAC) Sets New 1-Year High at $13.90

Lithium Americas Corp (TSE:LAC) hit a new 52-week high on Tuesday . The company traded as high as C$13.90 and last traded at C$13.26, with a volume of 679476 shares changing hands. The stock had previously closed at C$12.34.

LAC has been the topic of a number of analyst reports. Canaccord Genuity lowered Lithium Americas from a “speculative buy” rating to a “hold” rating and lifted their price objective for the company from C$1.50 to C$1.90 in a report on Wednesday, October 11th. National Bank Financial lifted their price objective on Lithium Americas from C$1.90 to C$2.30 and gave the company an “outperform” rating in a report on Wednesday, October 25th.

In other news, Director Franco Mignacco sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of C$1.70, for a total transaction of C$42,500.00. Also, Director Gabriel Rubacha purchased 15,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were purchased at an average cost of C$9.61 per share, for a total transaction of C$144,150.00. Insiders acquired a total of 108,920 shares of company stock worth $397,828 in the last ninety days.

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Lithium Americas 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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