American Lithium (CVE:LI) Stock Price Up 9.2% - Should You Buy?

Key Points

• American Lithium Corp. shares increased by 9.2%, trading at C$0.48, although the trading volume was down by 33% compared to the average.
• The company possesses a debt-to-equity ratio of 0.06 and a market cap of C$126.35 million, indicating a low level of debt relative to equity.
• Director Andrew William Bowering sold 2 million shares at an average price of C$0.30, totaling C$600,000, while insiders own 9.58% of the company's stock.

Shares of American Lithium Corp. (CVE:LI - ) rose 9.2% on Thursday . The company traded as high as C$0.48 and last traded at C$0.48. Approximately 131,746 shares changed hands during trading, a decline of 33% from the average daily volume of 195,308 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 current ratio of 4.22 and a quick ratio of 1.45. The firm has a market cap of C$126.35 million, a price-to-earnings ratio of -3.30 and a beta of 1.85. The business's 50-day moving average price is C$0.41 and its two-hundred day moving average price is C$0.39.

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 that occurred 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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