American Lithium Corp. (CVE:LI - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$0.44 and last traded at C$0.44, with a volume of 200667 shares traded. The stock had previously closed at C$0.45.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on LI shares. National Bank Financial cut American Lithium from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 15th. National Bankshares downgraded shares of American Lithium from an "outperform" rating to a "sector perform" rating and lowered their price target for the stock from C$0.80 to C$0.70 in a report on Thursday, January 16th.
Check Out Our Latest Report on LI
American Lithium Price Performance
The company has a market cap of C$101.17 million, a P/E ratio of -3.07 and a beta of 2.30. The stock's 50-day moving average price is C$0.54 and its 200-day moving average price is C$0.70. The company has a current ratio of 4.22, a quick ratio of 1.45 and a debt-to-equity ratio of 0.06.
Insider Transactions at American Lithium
In other news, Director Andrew William Bowering bought 131,500 shares of the company's stock in a transaction on Wednesday, December 11th. The shares were 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
(
Get Free Report)
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.
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