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American Lithium (NASDAQ:AMLI) Trading Up 7.4% - Here's Why

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.
  • MarketBeat previews the top five stocks to own by September 1st.

Shares of American Lithium Corp. (NASDAQ:AMLI - Get Free Report) were up 7.4% on Tuesday . The company traded as high as $0.30 and last traded at $0.30. Approximately 46,016 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 615,549 shares. The stock had previously closed at $0.28.

American Lithium Trading Down 5.2%

The company has a market cap of $61.02 million, a price-to-earnings ratio of -2.80 and a beta of 1.41. The stock has a 50 day moving average price of $0.27 and a two-hundred day moving average price of $0.29.

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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