American Lithium (CVE:LI) Stock Price Down 14.7% - What's Next?

Key Points

• American Lithium Corp. experienced a significant share price decline of 14.7% in mid-day trading, falling to C$0.64 after closing at C$0.75.
• The trading volume surged by 301% from average levels, with approximately 871,200 shares exchanged during the trading session.
• The company maintains a strong financial position with a current ratio of 4.22 and a low debt-to-equity ratio of 0.06.

American Lithium Corp. (CVE:LI - )'s share price dropped 14.7% during mid-day trading on Friday . The company traded as low as C$0.60 and last traded at C$0.64. Approximately 871,200 shares changed hands during mid-day trading, an increase of 301% from the average daily volume of 217,454 shares. The stock had previously closed at C$0.75.

American Lithium Stock Down 9.3%

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$173.57 million, a price-to-earnings ratio of -4.53 and a beta of 1.85. The stock has a 50 day moving average of C$0.45 and a 200 day moving average 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.