Insider Selling: Lithium Americas (Argentina) (TSE:LAR) Insider Sells C$510,079.83 in Stock

Lithium Americas (Argentina) Corp. (TSE:LAR) insider Ignacio Celorrio sold 50,453 shares of the business’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of C$10.11, for a total transaction of C$510,079.83. Following the completion of the sale, the insider owned 324,110 shares in the company, valued at C$3,276,752.10. The trade was a 13.47% decrease in their ownership of the stock.

Lithium Americas (Argentina) Price Performance

LAR stock opened at C$9.45 on Tuesday. The firm has a market cap of C$1.53 billion, a PE ratio of -18.90 and a beta of 1.71. Lithium Americas has a 12 month low of C$2.36 and a 12 month high of C$12.03. The firm has a 50 day simple moving average of C$9.13 and a 200 day simple moving average of C$6.77.

Wall Street Analysts Forecast Growth

LAR has been the topic of a number of recent research reports. HSBC upgraded Lithium Americas (Argentina) to a “strong-buy” rating in a report on Monday, January 19th. TD Securities raised Lithium Americas (Argentina) to a “strong-buy” rating in a research note on Monday, February 9th. Finally, Scotiabank raised shares of Lithium Americas (Argentina) from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Four equities research analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, Lithium Americas (Argentina) presently has a consensus rating of “Strong Buy”.

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’.