American Lithium (CVE:LI) Given New C$0.70 Price Target at National Bank Financial

Key Points

• National Bank Financial lowered its price target on American Lithium from C$0.95 to C$0.70 and kept a "sector perform" rating, implying about a 8.53% upside from the current share price.
• Shares traded at C$0.65 mid-day (233,559 shares), with a market cap of C$164.90M, a negative P/E of -5.38, low debt-to-equity (0.03), and a one‑year range of C$0.30–C$1.29.

American Lithium (CVE:LI - Get Free Report) had its target price dropped by equities research analysts at National Bank Financial from C$0.95 to C$0.70 in a research report issued on Friday,BayStreet.CA reports. The firm presently has a "sector perform" rating on the stock. National Bank Financial's target price would indicate a potential upside of 8.53% from the stock's current price.

American Lithium Price Performance

American Lithium stock traded up C$0.04 during mid-day trading on Friday, hitting C$0.65. 233,559 shares of the company traded hands, compared to its average volume of 324,266. American Lithium has a one year low of C$0.30 and a one year high of C$1.29. The stock has a market cap of C$164.90 million, a price-to-earnings ratio of -5.38 and a beta of 1.76. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.45 and a current ratio of 6.66. The stock has a fifty day moving average price of C$0.63 and a 200-day moving average price of C$0.71.

About American Lithium

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. The company was formerly known as Menika Mining Ltd. and changed its name to American Lithium Corp. in April 2016. American Lithium Corp. was incorporated in 1974 and is headquartered in Vancouver, Canada.

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