American Lithium (CVE:LI) Trading Up 5.3% - Time to Buy?

Key Points

• American Lithium Corp. (CVE:LI) shares increased by 5.3% on Tuesday, trading at C$0.50 with a market capitalization of C$126.35 million.
• Director Andrew William Bowering sold 2,000,000 shares for C$600,000 at an average price of C$0.30, with insiders owning 9.58% of the stock.
• The company's quick ratio is 1.45 and its debt-to-equity ratio is a low 0.06, indicating strong liquidity and low leverage.

Shares of American Lithium Corp. (CVE:LI - Get Free Report) rose 5.3% during mid-day trading on Tuesday . The stock traded as high as C$0.50 and last traded at C$0.50. Approximately 203,901 shares traded hands during mid-day trading, an increase of 3% from the average daily volume of 197,662 shares. The stock had previously closed at C$0.47.

American Lithium Trading Up 1.0%

The company has a market capitalization of C$126.35 million, a price-to-earnings ratio of -3.30 and a beta of 1.85. The company has a fifty day moving average of C$0.43 and a 200-day moving average of C$0.39. The company has a current ratio of 4.22, a quick ratio of 1.45 and a debt-to-equity ratio of 0.06.

Insider Buying and Selling at American Lithium

In other news, Director Andrew William Bowering sold 2,000,000 shares of the business's 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 corporate 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.