American Lithium (CVE:LI) Shares Up 4.7%

Shares of American Lithium Corp. (CVE:LI - Get Free Report) rose 4.7% during mid-day trading on Friday . The stock traded as high as C$0.92 and last traded at C$0.90. Approximately 97,047 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 236,868 shares. The stock had previously closed at C$0.86.

Wall Street Analyst Weigh In

Separately, Eight Capital dropped their price objective on American Lithium from C$8.40 to C$5.00 and set a "buy" rating on the stock in a research note on Thursday, January 11th.

American Lithium Stock Performance

The stock has a market cap of C$197.49 million, a P/E ratio of -4.60 and a beta of 2.34. The company has a debt-to-equity ratio of 0.10, a current ratio of 10.73 and a quick ratio of 1.45. The stock's 50 day simple moving average is C$0.91 and its two-hundred day simple moving average is C$1.24.

Insider Buying and Selling

In other news, Director Andrew William Bowering acquired 150,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 24th. The stock was acquired at an average cost of C$0.71 per share, for a total transaction of C$106,500.00. Company insiders own 10.45% of the company's stock.

About American Lithium

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.