Lithium Americas (Argentina) (NYSE:LAAC) Shares Down 4.2% – Should You Sell?

Lithium Americas (Argentina) Corp. (NYSE:LAAC) shares were down 4.2% during mid-day trading on Friday . The company traded as low as $5.11 and last traded at $5.20. Approximately 5,469,508 shares traded hands during trading, an increase of 282% from the average daily volume of 1,432,022 shares. The stock had previously closed at $5.43.

Lithium Americas (Argentina) Stock Performance

The company has a market capitalization of $842.05 million, a PE ratio of 0.67 and a beta of 1.35. The company’s 50-day simple moving average is $4.10 and its 200-day simple moving average is $3.06.

About Lithium Americas (Argentina)

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.