American Lithium (CVE:LI) Trading Up 9.2% - Here's Why

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 - Get Free Report) were up 9.2% on Thursday . The stock traded as high as C$0.48 and last traded at C$0.48. Approximately 131,746 shares changed hands during mid-day 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 Stock Performance

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 cap of C$126.35 million, a P/E ratio of -3.30 and a beta of 1.85. The business has a fifty day simple moving average of C$0.42 and a 200-day simple moving average of C$0.39.

Insider Activity

In related news, Director Andrew William Bowering sold 2,000,000 shares of the stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of C$0.30, for a total value of C$600,000.00. 9.58% of the stock is currently owned by insiders.

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.