American Lithium (CVE:LI) Trading Down 12% - What's Next?

Key Points

• American Lithium Corp. shares fell by 12%, reaching a low of C$0.60 before closing at C$0.66, with trading volume increasing significantly to nearly 965,000 shares.
• The company, which engages in the exploration and development of mineral properties, has a market cap of C$173.57 million and a negative PE ratio of -4.53.
• American Lithium's property portfolio includes key projects like the TLC Lithium Project in Nevada and lithium and uranium projects in Peru.

Shares of American Lithium Corp. (CVE:LI - ) were down 12% on Friday . The company traded as low as C$0.60 and last traded at C$0.66. Approximately 964,850 shares were traded during mid-day trading, an increase of 343% from the average daily volume of 217,853 shares. The stock had previously closed at C$0.75.

American Lithium Trading Down 9.3%

The stock has a market cap of C$173.57 million, a PE ratio of -4.53 and a beta of 1.85. The stock has a 50-day moving average of C$0.45 and a 200 day moving average of C$0.40. The company has a quick ratio of 1.45, a current ratio of 4.22 and a debt-to-equity ratio of 0.06.

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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