Lithium Americas (Argentina) (TSE:LAR) Hits New 1-Year High – What’s Next?

Lithium Americas (Argentina) Corp. (TSE:LAR) reached a new 52-week high during trading on Thursday . The company traded as high as C$9.99 and last traded at C$9.84, with a volume of 413410 shares trading hands. The stock had previously closed at C$9.63.

Lithium Americas (Argentina) Price Performance

The stock has a 50-day moving average price of C$7.22 and a 200-day moving average price of C$5.48. The company has a market capitalization of C$1.58 billion, a P/E ratio of -19.46 and a beta of 1.91.

Lithium Americas (Argentina) (TSE:LAR) last released its earnings results on Monday, November 10th. The company reported C($0.40) earnings per share for the quarter.

About Lithium Americas (Argentina)

Lithium Argentina is an emerging producer of lithium carbonate for use primarily in lithium-ion batteries and electric vehicles. The Company, in partnership with Ganfeng operates the Cauchari-Olaroz lithium brine operation in the Jujuy province of Argentina and advancing the PPG Project in the Salta province of Argentina. Lithium Argentina currently trades on the Toronto Stock Exchange (‘ TSX ‘) and the New York Stock Exchange (‘ NYSE ‘) under the ticker ‘LAR’.