American Lithium (CVE:LI) Downgraded to "Hold" Rating by National Bank Financial

National Bank Financial lowered shares of American Lithium (CVE:LI - Free Report) from a strong-buy rating to a hold rating in a research report report published on Wednesday,Zacks.com reports.

Separately, National Bankshares downgraded American Lithium from an "outperform" rating to a "sector perform" rating and decreased their target price for the stock from C$0.80 to C$0.70 in a research report on Thursday.

American Lithium Stock Performance

Shares of LI stock traded up C$0.02 during trading hours on Wednesday, reaching C$0.59. 263,969 shares of the company's stock were exchanged, compared to its average volume of 243,355. American Lithium has a fifty-two week low of C$0.44 and a fifty-two week high of C$1.50. The company has a quick ratio of 1.45, a current ratio of 5.35 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of C$128.36 million, a P/E ratio of -3.47 and a beta of 2.30. The business has a fifty day moving average price of C$0.74 and a 200-day moving average price of C$0.74.

American Lithium (CVE:LI - Get Free Report) last announced its earnings results on Wednesday, October 16th. The company reported C($0.03) earnings per share (EPS) for the quarter. Analysts predict that American Lithium will post -0.0691633 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Andrew William Bowering purchased 131,500 shares of the stock in a transaction on Wednesday, December 11th. The shares were purchased at an average cost of C$0.60 per share, for a total transaction of C$78,742.20. Also, Director George Binninger sold 100,000 shares of American Lithium stock in a transaction on Thursday, November 7th. The shares were sold at an average price of C$1.01, for a total value of C$101,000.00. Corporate insiders own 9.58% of the company's stock.

American Lithium Company Profile

American Lithium Corp., an exploration and development stage company, engages in the acquisition, exploration, and development of mineral properties in North and South America. Its properties include the TLC Lithium Project located in the town of Tonopah, Nevada; and the Falchani Lithium project and the Macusani Uranium project located in Puno, Peru.