American Lithium (NASDAQ:AMLI) Shares Up 2.6%

American Lithium Corp. (NASDAQ:AMLI - Get Free Report)'s stock price traded up 2.6% during mid-day trading on Tuesday . The stock traded as high as $0.44 and last traded at $0.42. 568,608 shares traded hands during trading, an increase of 65% from the average session volume of 343,996 shares. The stock had previously closed at $0.41.

Wall Street Analysts Forecast Growth

AMLI has been the topic of a number of research reports. Roth Mkm lowered their price objective on shares of American Lithium from $5.50 to $3.25 and set a "buy" rating on the stock in a research note on Friday, June 28th. National Bank Financial raised shares of American Lithium to a "strong-buy" rating in a report on Wednesday, June 5th.

American Lithium Price Performance

The company has a market cap of $102.25 million, a PE ratio of -3.36 and a beta of 1.49. The firm has a 50-day simple moving average of $0.42 and a two-hundred day simple moving average of $0.56.

American Lithium (NASDAQ:AMLI - Get Free Report) last posted its quarterly earnings data on Monday, July 15th. The company reported ($0.02) EPS for the quarter. Equities research analysts forecast that American Lithium Corp. will post -0.09 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in American Lithium stock. Clarity Capital Partners LLC acquired a new position in shares of American Lithium Corp. (NASDAQ:AMLI - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 144,726 shares of the company's stock, valued at approximately $159,000. Clarity Capital Partners LLC owned 0.07% of American Lithium at the end of the most recent reporting period. 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.