American Lithium (CVE:LI) Shares Down 3.8%

American Lithium Corp. (CVE:LI)’s share price traded down 3.8% during mid-day trading on Monday . The stock traded as low as C$0.76 and last traded at C$0.76. 31,623 shares traded hands during trading, a decline of 85% from the average session volume of 206,955 shares. The stock had previously closed at C$0.79.

Analyst Ratings Changes

A number of research firms have weighed in on LI. National Bankshares set a C$1.50 target price on shares of American Lithium and gave the stock an “outperform” rating in a research note on Thursday, June 6th. National Bank Financial upgraded American Lithium to a “strong-buy” rating in a research report on Thursday, June 6th.

American Lithium Price Performance

The stock has a market cap of C$164.21 million, a P/E ratio of -3.80 and a beta of 2.36. The business has a 50-day simple moving average of C$0.87 and a 200 day simple moving average of C$1.05. The company has a current ratio of 10.73, a quick ratio of 1.45 and a debt-to-equity ratio of 0.10.

American Lithium (CVE:LI) last posted its quarterly earnings data on Thursday, May 30th. The company reported C($0.03) earnings per share for the quarter, missing the consensus estimate of C($0.02) by C($0.01). On average, analysts forecast that American Lithium Corp. will post -0.0691633 earnings per share for the current year.

Insider Activity

In other American Lithium news, Director Andrew William Bowering purchased 150,000 shares of the firm’s stock in a transaction on Wednesday, April 24th. The stock was acquired at an average price of C$0.71 per share, for a total transaction of C$106,500.00. 10.45% of the stock is currently owned by company insiders.

American Lithium Company Profile

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.