American Lithium (CVE:LI) Trading 14.9% Higher - What's Next?

Key Points

• American Lithium Corp. (CVE:LI) experienced a stock price surge of 14.9%, trading at C$0.50 during mid-day on Thursday, with a trading volume increase of 30% compared to the average session.
• The company has a market capitalization of C$123.8 million and notable financial metrics such as a P/E ratio of -3.23 and a low debt-to-equity ratio of 0.06.
• Insider trading activity included Director Andrew William Bowering selling 2,000,000 shares at an average price of C$0.30, indicating significant insider confidence in the stock.

American Lithium Corp. (CVE:LI - Get Free Report) shares were up 14.9% on Thursday . The company traded as high as C$0.50 and last traded at C$0.50. Approximately 254,062 shares were traded during trading, an increase of 30% from the average daily volume of 196,116 shares. The stock had previously closed at C$0.44.

American Lithium Price Performance

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 business's fifty day simple moving average is C$0.42 and its 200 day simple moving average is C$0.39. The stock has a market cap of C$126.35 million, a price-to-earnings ratio of -3.30 and a beta of 1.85.

Insider Activity

In other news, Director Andrew William Bowering sold 2,000,000 shares of the stock in a transaction that occurred 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 currently owned by insiders.

American Lithium Company Profile

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.