American Lithium (OTCMKTS:LIACF) Stock Price Down 14.4% - Here's Why

Key Points

• American Lithium Corp. shares fell by 14.4% in mid-day trading, marking a drop from $0.66 to around $0.57.
• The stock has a market capitalization of $117.87 million and a price-to-earnings ratio of -5.14.
• American Lithium primarily focuses on its TLC Claystones project in Nevada, along with its Falchani Lithium and Macusani Uranium projects in Peru.

American Lithium Corp. (OTCMKTS:LIACF - ) shares traded down 14.4% during mid-day trading on Wednesday . The company traded as low as $0.56 and last traded at $0.57. 505,861 shares were traded during mid-day trading, an increase of 17% from the average session volume of 432,060 shares. The stock had previously closed at $0.66.

American Lithium Trading Down 14.4%

The stock has a 50-day simple moving average of $0.44 and a 200-day simple moving average of $0.33. The company has a market capitalization of $117.87 million, a price-to-earnings ratio of -5.14 and a beta of 1.48.

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.

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