American Lithium (CVE:LI) Share Price Crosses Below Fifty Day Moving Average of $0.59

American Lithium Corp. (CVE:LI)’s stock price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$0.59 and traded as low as C$0.50. American Lithium shares last traded at C$0.52, with a volume of 94,532 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. National Bank Financial raised American Lithium to a “strong-buy” rating in a research report on Thursday, June 6th. National Bankshares set a C$1.50 price target on American Lithium and gave the stock an “outperform” rating in a research report on Thursday, June 6th.

American Lithium Stock Down 1.9 %

The firm has a market cap of C$113.13 million, a price-to-earnings ratio of -3.06 and a beta of 2.22. The company has a debt-to-equity ratio of 0.07, a current ratio of 5.35 and a quick ratio of 1.45. The stock has a 50-day moving average of C$0.59 and a 200-day moving average of C$0.79.

American Lithium (CVE:LI) last issued its earnings results on Monday, July 15th. The company reported C($0.03) earnings per share for the quarter. Sell-side analysts predict that American Lithium Corp. will post -0.0691633 EPS for the current fiscal year.

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.