American Lithium (CVE:LI) Trading Up 21.4% - What's Next?

Key Points

• American Lithium Corp. shares surged by 21.4% to C$0.68, with trading volume increasing by 459% compared to the average.
• The company's financial metrics reveal a strong current ratio of 4.22 and a low debt-to-equity ratio of 0.06, indicating financial stability.
• Director Andrew William Bowering sold 2 million shares at C$0.30, amounting to C$600,000, while insiders currently hold 9.58% of the stock.

Shares of American Lithium Corp. (CVE:LI - ) were up 21.4% on Wednesday . The stock traded as high as C$0.70 and last traded at C$0.68. Approximately 1,132,065 shares traded hands during mid-day trading, an increase of 459% from the average daily volume of 202,473 shares. The stock had previously closed at C$0.56.

American Lithium Stock Performance

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 50-day simple moving average of C$0.44 and a two-hundred day simple moving average of C$0.39. The company has a market capitalization of C$176.13 million, a price-to-earnings ratio of -4.60 and a beta of 1.85.

Insiders Place Their Bets

In other American Lithium news, Director Andrew William Bowering sold 2,000,000 shares of the company's stock in a transaction dated Thursday, June 26th. The stock was 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.

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