American Lithium (NASDAQ:AMLI) Trading 19.6% Higher - Time to Buy?

Key Points

• American Lithium Corp. shares surged by 19.6%, trading at $0.82 after previously closing at $0.68.
• Trading volume saw a significant increase, with 1,454,275 shares changing hands, marking a 136% rise from the average session volume.
• The company focuses on lithium and uranium projects, including the TLC Lithium Project in Nevada and the Falchani Lithium project in Peru.

American Lithium Corp. (NASDAQ:AMLI - ) shares traded up 19.6% on Friday . The company traded as high as $0.82 and last traded at $0.82. 1,454,275 shares changed hands during mid-day trading, an increase of 136% from the average session volume of 615,549 shares. The stock had previously closed at $0.68.

American Lithium Trading Up 19.6%

The company has a 50 day moving average price of $0.38 and a 200 day moving average price of $0.30. The firm has a market cap of $177.75 million, a PE ratio of -8.16 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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