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

American Lithium Corp. (CVE:LI - Get Free Report) reached a new 52-week low during trading on Monday . The stock traded as low as C$0.29 and last traded at C$0.33, with a volume of 225644 shares changing hands. The stock had previously closed at C$0.36.

Analyst Ratings Changes

LI has been the subject of several analyst reports. National Bank Financial cut shares of American Lithium from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 15th. National Bankshares lowered shares of American Lithium from an "outperform" rating to a "sector perform" rating and lowered their price objective for the stock from C$0.80 to C$0.70 in a research note on Thursday, January 16th.

American Lithium Stock Up 8.8 %

The stock has a market cap of C$83.18 million, a P/E ratio of -2.52 and a beta of 2.30. The firm has a 50 day simple moving average of C$0.43 and a 200-day simple moving average of C$0.67. The company has a quick ratio of 1.45, a current ratio of 4.22 and a debt-to-equity ratio of 0.06.

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.