American Lithium (OTCMKTS:LIACF) Trading Down 5.2% - Should You Sell?

Key Points

• American Lithium Corp. (OTCMKTS:LIACF) shares fell by 5.2% during mid-day trading, reaching a low of $0.27 before last trading at $0.28.
• The company experienced a significant drop in trading volume, with approximately 78,327 shares exchanged, marking an 82% decline from its average daily volume of 432,060 shares.
• American Lithium is currently focused on projects in Nevada and Peru, including the TLC Claystones project and the Falchani Lithium project.

American Lithium Corp. (OTCMKTS:LIACF - Get Free Report)'s share price dropped 5.2% during trading on Wednesday . The company traded as low as $0.27 and last traded at $0.28. Approximately 78,327 shares were traded during trading, a decline of 82% from the average daily volume of 432,060 shares. The stock had previously closed at $0.30.

American Lithium Trading Down 1.9%

The stock has a market cap of $58.91 million, a price-to-earnings ratio of -2.57 and a beta of 1.48. The firm's 50 day moving average is $0.27 and its two-hundred day moving average is $0.28.

American Lithium Company Profile

American Lithium Corp., an exploration stage company, engages in the identification, acquisition, exploration, and development of resource properties in the United States. It principally focuses on the TLC Claystones project covering an area of approximately 5,052 hectares located in the town of Tonopah, Nevada; and the Falchani Lithium project and the Macusani Uranium project located in Puno, Peru.