American Lithium (CVE:LI) Reaches New 1-Year Low - Should You Sell?

Shares of American Lithium Corp. (CVE:LI - Get Free Report) hit a new 52-week low on Monday . The stock traded as low as C$0.42 and last traded at C$0.42, with a volume of 210094 shares traded. The stock had previously closed at C$0.42.

Wall Street Analyst Weigh In

A number of research firms have issued reports on LI. National Bank Financial cut American Lithium from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 15th. National Bankshares lowered shares of American Lithium from an "outperform" rating to a "sector perform" rating and decreased their price target for the company from C$0.80 to C$0.70 in a report on Thursday, January 16th.

American Lithium Price Performance

The company has a current ratio of 4.22, a quick ratio of 1.45 and a debt-to-equity ratio of 0.06. The company has a market capitalization of C$96.67 million, a P/E ratio of -2.93 and a beta of 2.30. The stock has a 50 day moving average price of C$0.52 and a 200 day moving average price of C$0.70.

Insiders Place Their Bets

In other American Lithium news, Director Andrew William Bowering purchased 131,500 shares of the company's stock in a transaction dated Wednesday, December 11th. The stock was purchased at an average price of C$0.60 per share, with a total value of C$78,742.20. 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.