American Lithium Corp. (
CVE:LI -
Get Free Report) shares shot up 23.2% during mid-day trading on Wednesday . The company traded as high as C$0.70 and last traded at C$0.69. 1,254,379 shares changed hands during mid-day trading, an increase of 513% from the average session volume of 204,531 shares. The stock had previously closed at C$0.56.
American Lithium Stock Performance
The business has a fifty day simple moving average of C$0.44 and a 200-day simple moving average of C$0.39. 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 cap of C$176.13 million, a P/E ratio of -4.60 and a beta of 1.85.
Insider Buying and Selling at American Lithium
In other news, Director Andrew William Bowering sold 2,000,000 shares of the firm's stock in a transaction on 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 owned by insiders.
About American Lithium
(
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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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