American Lithium (NASDAQ:AMLI) Trading Down 0.3% - Here's What Happened

Key Points

• American Lithium Corp. (NASDAQ:AMLI) experienced a slight decline of 0.3%, trading between $0.34 and $0.36, with a total of 327,370 shares exchanged—significantly lower than its average volume.
• The company's current market capitalization stands at $77.85 million, with a P/E ratio of -3.57 and it carries a beta of 1.41, indicating higher volatility compared to the market.
• American Lithium is primarily focused on exploration and development of lithium and uranium resources, particularly through its TLC Lithium Project in Nevada and other projects in Peru.

American Lithium Corp. (NASDAQ:AMLI - Get Free Report)'s stock price was down 0.3% during mid-day trading on Thursday . The stock traded as low as $0.34 and last traded at $0.36. Approximately 327,370 shares were traded during trading, a decline of 47% from the average daily volume of 615,549 shares. The stock had previously closed at $0.36.

American Lithium Price Performance

The firm has a market cap of $77.91 million, a price-to-earnings ratio of -3.58 and a beta of 1.41. The firm has a 50 day moving average price of $0.31 and a 200-day moving average price of $0.28.

American Lithium Company Profile

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.