American Lithium (NASDAQ:AMLI) Stock Price Down 3.1% - Should You Sell?

Key Points

• American Lithium Corp. (NASDAQ:AMLI) saw its stock price decline by 3.1% during mid-day trading, with shares falling to $0.30 from a previous close of $0.31.
• The company's trading volume decreased by 75% from its average, with only 152,841 shares changing hands, indicating reduced investor interest.
• American Lithium focuses on exploration and development of lithium and uranium properties in the United States and Peru, primarily the TLC Lithium Project in Nevada.

American Lithium Corp. (NASDAQ:AMLI - ) traded down 3.1% during mid-day trading on Wednesday . The company traded as low as $0.29 and last traded at $0.30. 152,841 shares changed hands during trading, a decline of 75% from the average session volume of 615,549 shares. The stock had previously closed at $0.31.

American Lithium Trading Down 3.1%

The stock's fifty day moving average price is $0.28 and its 200-day moving average price is $0.28. The firm has a market cap of $65.24 million, a price-to-earnings ratio of -2.99 and a beta of 1.41.

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.

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