American Lithium (NASDAQ:AMLI) Shares Down 1.7% - Time to Sell?

Shares of American Lithium Corp. (NASDAQ:AMLI - Get Free Report) dropped 1.7% during trading on Monday . The stock traded as low as $0.30 and last traded at $0.30. Approximately 111,685 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 474,469 shares. The stock had previously closed at $0.30.

American Lithium Stock Performance

The company has a market cap of $58.91 million, a price-to-earnings ratio of -2.70 and a beta of 1.41. The stock's fifty day simple moving average is $0.32 and its two-hundred day simple moving average is $0.49.

Hedge Funds Weigh In On American Lithium

An institutional investor recently bought a new position in American Lithium stock. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in shares of American Lithium Corp. (NASDAQ:AMLI - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 161,000 shares of the company's stock, valued at approximately $62,000. Stonehage Fleming Financial Services Holdings Ltd owned approximately 0.07% of American Lithium as of its most recent filing with the SEC. Institutional investors and hedge funds own 7.70% 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 resource properties in the United States. It principally focuses on 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.