Stocks of Lithium Americas Corp (NewCo) (NYSE:LAC) traded higher last session on Wall Street, up 2.28% to $3.14.
LAC stock price is now 11.38% away from the 50-day moving average and 4.91% away from the 200-day moving average. The market capitalization of the company currently stands at $687.25M.
On December 19, 2024, Wedbush recently initiated its ‘Neutral’ rating on the stock quoting a target price of $5, while ‘National Bank Financial’ rates the stock as ‘Outperform’
In other news, GRANDY EDWARD, Sr VP, GC & Secretary sold 23 shares of the company’s stock on Apr 17 ’25. The stock was sold for $62 at an average price of $2.68. Upon completion of the transaction, the Sr VP, GC & Secretary now directly owns 151,155 shares in the company, valued at $0.47 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 03 ’25, Director BROWN MICHAEL JOHN bought 1,000 shares of the business’s stock. A total of $2,710 was incurred on buying the stock at an average price of $2.71. This leaves the insider owning 5,101 shares of the company worth $16017.14. A total of 15.65% of the company’s stock is owned by insiders.
During the past 12 months, Lithium Americas Corp (NewCo) has had a low of $2.02 and a high of $5.20. As of last week, the company has a debt-to-equity ratio of 0.03, a current ratio of 10.33, and a quick ratio of 10.33.
The company reported revenue of $10.93 million for the quarter, compared to $14.5 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -24.64 percent.
