American Lithium (CVE:LI) Shares Down 4% - Should You Sell?

American Lithium Corp. (CVE:LI - Get Free Report) shares fell 4% during trading on Friday . The stock traded as low as C$0.35 and last traded at C$0.36. 246,941 shares traded hands during mid-day trading, an increase of 41% from the average session volume of 175,494 shares. The stock had previously closed at C$0.38.

American Lithium Stock Performance

The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.45 and a current ratio of 4.22. The stock's 50-day simple moving average is C$0.35 and its two-hundred day simple moving average is C$0.42. The stock has a market cap of C$83.18 million, a price-to-earnings ratio of -2.52 and a beta of 2.30.

Insiders Place Their Bets

In related 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. 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.