American Lithium (OTCMKTS:LIACF) Shares Down 7.4% - Here's Why

Key Points

• American Lithium Corp. shares fell by 7.4%, trading at $0.31, which is a significant decrease from the previous close of $0.34.
• The company's trading volume dropped by 55%, with about 193,058 shares changing hands compared to an average of 432,060 shares.
• American Lithium specializes in the exploration and development of resource properties in the U.S., primarily focusing on its projects in Nevada and Peru.

American Lithium Corp. (OTCMKTS:LIACF - )'s stock price dropped 7.4% on Monday . The company traded as low as $0.31 and last traded at $0.31. Approximately 193,058 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 432,060 shares. The stock had previously closed at $0.34.

American Lithium Stock Performance

The firm has a market capitalization of $64.73 million, a price-to-earnings ratio of -2.82 and a beta of 1.48. The business's 50-day moving average is $0.29 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.