American Lithium (CVE:LI) Trading Down 4.9% - Here's Why

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.

Shares of American Lithium Corp. (CVE:LI - Get Free Report) were down 4.9% on Friday . The company traded as low as C$0.38 and last traded at C$0.39. Approximately 110,002 shares changed 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 Price Performance

The firm has a market capitalization of C$87.68 million, a P/E ratio of -2.66 and a beta of 2.30. 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 firm has a 50-day moving average of C$0.36 and a 200-day moving average of C$0.40.

Insider Buying and Selling

In other news, Director Andrew William Bowering sold 2,000,000 shares of the firm's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of C$0.30, for a total transaction of C$600,000.00. 9.58% of the stock is currently owned by corporate insiders.

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.