American Lithium (CVE:LI) Trading Up 19.6% - Time to Buy?

Key Points

• American Lithium Corp. saw a significant increase in stock price, rising 19.6% to last trade at C$0.67, with trading volume up 364% from its daily average.
• The company has strong financial ratios, including a current ratio of 4.22 and a low debt-to-equity ratio of 0.06, indicating solid liquidity and financial stability.
• Recent insider activity included the sale of 2,000,000 shares by Director Andrew William Bowering, highlighting significant trading among insiders.

American Lithium Corp. (CVE:LI - ) was up 19.6% during trading on Wednesday . The company traded as high as C$0.70 and last traded at C$0.67. Approximately 930,053 shares traded hands during trading, an increase of 364% from the average daily volume of 200,582 shares. The stock had previously closed at C$0.56.

American Lithium Stock Up 23.2%

The company has a current ratio of 4.22, a quick ratio of 1.45 and a debt-to-equity ratio of 0.06. The firm has a market cap of C$176.13 million, a PE ratio of -4.60 and a beta of 1.85. The business's 50-day simple moving average is C$0.44 and its 200 day simple moving average is C$0.39.

Insider Activity

In other news, Director Andrew William Bowering sold 2,000,000 shares of American Lithium 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 value of C$600,000.00. 9.58% of the stock is currently owned by insiders.

American Lithium Company Profile

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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