American Lithium (CVE:LI) Stock Price Up 14.9% - Here's What Happened

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 - ) shot up 14.9% during mid-day trading on Thursday . The stock traded as high as C$0.50 and last traded at C$0.50. 254,062 shares changed hands during trading, an increase of 30% from the average session volume of 196,116 shares. The stock had previously closed at C$0.44.

American Lithium Stock Performance

The firm has a market capitalization of C$123.80 million, a P/E ratio of -3.23 and a beta of 1.85. The company's 50 day moving average is C$0.41 and its 200-day moving average is 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.

Insiders Place Their Bets

In other American Lithium news, Director Andrew William Bowering sold 2,000,000 shares of the company's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of C$0.30, for a total transaction of C$600,000.00. Insiders own 9.58% of the company's stock.

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.

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