Lithium Ionic (CVE:LTH) Upgraded at Cormark

Cormark upgraded shares of Lithium Ionic (CVE:LTH) to a moderate buy rating in a research note issued to investors on Thursday,Zacks.com reports.

Several other analysts have also weighed in on the company. BMO Capital Markets upped their target price on Lithium Ionic from C$1.25 to C$1.50 and gave the company an “outperform” rating in a report on Monday, September 22nd. Canaccord Genuity Group upped their target price on Lithium Ionic from C$1.80 to C$2.15 and gave the company a “speculative buy” rating in a report on Thursday, September 18th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$1.83.

Lithium Ionic Stock Performance

Lithium Ionic stock opened at C$0.83 on Thursday. The firm has a market capitalization of C$131.62 million, a price-to-earnings ratio of -11.86 and a beta of 0.83. Lithium Ionic has a fifty-two week low of C$0.50 and a fifty-two week high of C$1.15. The stock’s fifty day moving average is C$0.74 and its two-hundred day moving average is C$0.71.