American Lithium Corp. (CVE:LI - Get Free Report) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$0.56 and traded as low as C$0.45. American Lithium shares last traded at C$0.45, with a volume of 169,587 shares trading hands.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the company. National Bankshares downgraded American Lithium from an "outperform" rating to a "sector perform" rating and cut their price target for the stock from C$0.80 to C$0.70 in a research note on Thursday, January 16th. National Bank Financial lowered shares of American Lithium from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 15th.
View Our Latest Stock Report on LI
American Lithium Stock Performance
The firm has a 50-day simple moving average of C$0.54 and a 200-day simple moving average of C$0.70. The company has a quick ratio of 1.45, a current ratio of 4.22 and a debt-to-equity ratio of 0.06. The stock has a market cap of C$101.17 million, a PE ratio of -3.07 and a beta of 2.30.
Insider Buying and Selling
In other American Lithium news, Director Andrew William Bowering acquired 131,500 shares of the company's stock in a transaction that occurred on Wednesday, December 11th. The stock was bought at an average price of C$0.60 per share, with a total value of C$78,742.20. 9.58% of the stock is currently owned by insiders.
About American Lithium
(
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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.
Further Reading
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