Lithium Americas (Argentina) (NYSE:LAAC) Stock Price Up 8.4% – What’s Next?

Lithium Americas (Argentina) Corp. (NYSE:LAAC)’s share price traded up 8.4% on Monday . The company traded as high as $3.10 and last traded at $3.10. 696,221 shares changed hands during trading, a decline of 33% from the average session volume of 1,045,211 shares. The stock had previously closed at $2.86.

Lithium Americas (Argentina) Stock Performance

The company has a market cap of $505.22 million, a PE ratio of 0.40 and a beta of 1.35. The company’s 50 day moving average price is $3.14 and its 200-day moving average price is $3.03.

Institutional Trading of Lithium Americas (Argentina)

Several hedge funds have recently made changes to their positions in LAAC. Fairscale Capital LLC purchased a new stake in Lithium Americas (Argentina) in the 2nd quarter worth about $31,000. Legacy Capital Group California Inc. bought a new position in Lithium Americas (Argentina) during the third quarter worth about $36,000. Vanguard Personalized Indexing Management LLC purchased a new position in shares of Lithium Americas (Argentina) in the second quarter worth about $36,000. Sanctuary Advisors LLC bought a new stake in shares of Lithium Americas (Argentina) in the third quarter valued at approximately $40,000. Finally, Johnson Investment Counsel Inc. purchased a new stake in shares of Lithium Americas (Argentina) during the 2nd quarter valued at approximately $44,000. 49.17% of the stock is currently owned by institutional investors.

Lithium Americas (Argentina) Company Profile

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.