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American Lithium (NASDAQ:AMLI) Stock Price Up 7.4% - Time to Buy?

American Lithium logo with Basic Materials background

Key Points

  • American Lithium Corp. saw its shares rise by 7.4%, reaching a last traded price of $0.30, although trading volume was significantly lower than average.
  • The company's market capitalization stands at $64.40 million with a PE ratio of -2.96 and a beta of 1.41.
  • American Lithium focuses on the acquisition and development of resource properties, primarily the TLC Lithium Project in Nevada and projects in Peru.
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American Lithium Corp. (NASDAQ:AMLI - Get Free Report) traded up 7.4% on Tuesday . The company traded as high as $0.30 and last traded at $0.30. 46,016 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 615,549 shares. The stock had previously closed at $0.28.

American Lithium Stock Performance

The business has a 50 day moving average price of $0.27 and a two-hundred day moving average price of $0.28. The company has a market cap of $62.14 million, a P/E ratio of -2.85 and a beta of 1.41.

American Lithium Company Profile

(Get Free Report)

American Lithium Corp., an exploration and development stage company, engages in the acquisition, exploration, and development of resource properties in the United States. It principally focuses on 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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