Lithium Americas Corp. (LAC) Director William Thomas Hodgson Buys 3,500 Shares

Lithium Americas Corp. (TSE:LAC) Director William Thomas Hodgson bought 3,500 shares of the business’s stock in a transaction dated Monday, April 23rd. The shares were bought at an average cost of C$6.98 per share, for a total transaction of C$24,430.00.

Shares of Lithium Americas traded down C$0.10, hitting C$8.32, during midday trading on Friday, reports. The company had a trading volume of 267,579 shares, compared to its average volume of 408,179. Lithium Americas Corp. has a 12 month low of C$3.90 and a 12 month high of C$14.06.

Lithium Americas (TSE:LAC) last released its quarterly earnings results on Thursday, March 29th. The company reported C($0.01) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C($0.05) by C$0.04. Lithium Americas had a negative return on equity of 52.25% and a negative net margin of 1,204.82%. The firm had revenue of C$0.57 million for the quarter, compared to the consensus estimate of C$1.36 million.

LAC has been the topic of a number of recent research reports. Canaccord Genuity upgraded Lithium Americas from a “hold” rating to a “speculative buy” rating and lowered their target price for the company from C$12.00 to C$11.00 in a research note on Friday, January 19th. Eight Capital raised Lithium Americas from a “neutral” rating to a “buy” rating and dropped their target price for the stock from C$13.60 to C$13.00 in a report on Friday, April 6th.

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 the Lithium Nevada Project covering approximately 15,233 hectares of area located in northwestern Nevada.

Insider Buying and Selling by Quarter for Lithium Americas (TSE:LAC)

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