American Lithium (CVE:LI) Shares Down 4.9% - Here's What Happened

Key Points

• American Lithium Corp. (CVE:LI) shares fell by 4.9%, trading at C$0.39 after reaching a low of C$0.38, with a 42% decrease in volume compared to the average.
• The company reported a market capitalization of C$86.55 million and a PE ratio of -2.62, indicating a challenging financial environment.
• Director Andrew William Bowering sold 2,000,000 shares at an average price of C$0.30, totaling C$600,000, with insiders holding 9.58% of the company's stock.

American Lithium Corp. (CVE:LI - ) was down 4.9% during mid-day trading on Friday . The stock traded as low as C$0.38 and last traded at C$0.39. Approximately 110,002 shares traded hands during trading, a decline of 42% from the average daily volume of 189,979 shares. The stock had previously closed at C$0.41.

American Lithium Stock Performance

The firm's 50-day moving average price is C$0.36 and its two-hundred day moving average price is C$0.40. The company has a quick ratio of 1.45, a current ratio of 4.22 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of C$86.55 million, a PE ratio of -2.62 and a beta of 2.30.

Insider Transactions at American Lithium

In related news, Director Andrew William Bowering sold 2,000,000 shares of the firm's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of C$0.30, for a total value of C$600,000.00. Corporate insiders own 9.58% of the company's stock.

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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