American Lithium (CVE:LI) Shares Down 11.8% - Should You Sell?

Key Points

• American Lithium Corp. shares fell by 11.8%, trading as low as C$0.85 before closing at C$0.90 amidst increased trading volume, marking a 69% rise from average session volumes.
• The company has a market cap of C$229.73 million and a PE ratio of -6.00, indicating it is not currently profitable.
• American Lithium is focused on the exploration and development of mineral properties, including lithium and uranium projects in Nevada and Peru.

American Lithium Corp. (CVE:LI - )'s share price traded down 11.8% during mid-day trading on Thursday . The company traded as low as C$0.85 and last traded at C$0.90. 464,887 shares traded hands during trading, an increase of 69% from the average session volume of 274,700 shares. The stock had previously closed at C$1.02.

American Lithium Price Performance

The company has a debt-to-equity ratio of 0.06, a current ratio of 4.22 and a quick ratio of 1.45. The stock's fifty day moving average is C$0.58 and its 200-day moving average is C$0.44. The stock has a market cap of C$229.73 million, a PE ratio of -6.00 and a beta of 2.05.

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.

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