Lithium Americas Corp. (NYSE:LAC – Get Free Report) was the target of unusually large options trading on Monday. Stock investors purchased 7,371 call options on the company. This is an increase of 329% compared to the average daily volume of 1,718 call options.
Lithium Americas Stock Performance
Shares of Lithium Americas stock opened at $2.71 on Wednesday. The business has a 50-day moving average of $2.46 and a two-hundred day moving average of $3.57. Lithium Americas has a 1 year low of $2.02 and a 1 year high of $11.50.
Lithium Americas (NYSE:LAC – Get Free Report) last issued its earnings results on Tuesday, August 13th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). On average, sell-side analysts predict that Lithium Americas will post -0.09 EPS for the current fiscal year.
Analysts Set New Price Targets
View Our Latest Analysis on LAC
Hedge Funds Weigh In On Lithium Americas
Several hedge funds and other institutional investors have recently modified their holdings of the business. Banque Cantonale Vaudoise bought a new stake in shares of Lithium Americas during the first quarter worth about $25,000. Mather Group LLC. acquired a new position in Lithium Americas during the 1st quarter worth approximately $26,000. Quent Capital LLC bought a new position in shares of Lithium Americas in the first quarter valued at $48,000. Headlands Technologies LLC increased its holdings in Lithium Americas by 2,332.3% during the 1st quarter. Headlands Technologies LLC now owns 7,686 shares of the company’s stock worth $52,000 after purchasing an additional 7,370 shares in the last quarter. Finally, Fairscale Capital LLC purchased a new position in shares of Lithium Americas during the second quarter valued at approximately $27,000.
About Lithium Americas
Lithium Americas Corp. engages in the exploration and development of lithium properties in the United States and Canada. It holds a 100% interest in the Thacker Pass project located in northern Nevada, as well as investments in exploration properties in the United States and Canada. Lithium Americas Corp.
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