American Lithium (OTCMKTS:LIACF) Stock Price Down 7.4% - Here's What Happened

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 - Get Free Report)'s stock price traded down 7.4% on Monday . The stock traded as low as $0.31 and last traded at $0.31. 193,058 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 432,060 shares. The stock had previously closed at $0.34.

American Lithium Stock Performance

The firm has a market cap of $70.76 million, a P/E ratio of -3.08 and a beta of 1.48. The stock's 50 day simple moving average is $0.30 and its 200 day simple moving average is $0.28.

About American Lithium

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.