American Lithium (CVE:LI) Shares Down 13.3% - Time to Sell?

Key Points

• American Lithium Corp. shares dropped 13.3% during mid-day trading, falling from the previous close of C$0.75 to a low of C$0.61. This significant drop has raised questions about whether it's time to sell.
• The stock's trading volume surged 196% compared to its average daily volume, with approximately 634,803 shares exchanged.
• American Lithium has a market capitalization of C$171.02 million and operates projects in North and South America, including lithium and uranium properties in Nevada and Peru.

American Lithium Corp. (CVE:LI - ) shares dropped 13.3% during mid-day trading on Friday . The company traded as low as C$0.61 and last traded at C$0.65. Approximately 634,803 shares traded hands during trading, an increase of 196% from the average daily volume of 214,405 shares. The stock had previously closed at C$0.75.

American Lithium Trading Down 10.7%

The stock has a market cap of C$171.02 million, a P/E ratio of -4.47 and a beta of 1.85. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.45 and a current ratio of 4.22. The stock has a 50-day moving average price of C$0.45 and a 200-day moving average price of C$0.40.

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.

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