American Lithium Corp. (CVE:LI - Get Free Report) shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$0.42 and traded as low as C$0.35. American Lithium shares last traded at C$0.35, with a volume of 157,606 shares traded.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on LI shares. National Bank Financial cut shares of American Lithium from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 15th. National Bankshares cut shares of American Lithium from an "outperform" rating to a "sector perform" rating and dropped their price objective for the stock from C$0.80 to C$0.70 in a research note on Thursday, January 16th.
Get Our Latest Stock Analysis on LI
American Lithium Stock Performance
The company has a current ratio of 4.22, a quick ratio of 1.45 and a debt-to-equity ratio of 0.06. The stock's 50 day moving average price is C$0.41 and its two-hundred day moving average price is C$0.65. The firm has a market capitalization of C$74.19 million, a PE ratio of -2.25 and a beta of 2.30.
American Lithium Company Profile
(
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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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