American Lithium (CVE:LI) Stock Price Down 33% – What’s Next?

American Lithium Corp. (CVE:LI)’s stock price traded down 33% during trading on Wednesday . The stock traded as low as C$0.57 and last traded at C$0.59. 507,443 shares changed hands during trading, an increase of 161% from the average session volume of 194,703 shares. The stock had previously closed at C$0.88.

American Lithium Stock Down 30.7 %

The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.45 and a current ratio of 5.35. The firm has a fifty day simple moving average of C$0.99 and a 200-day simple moving average of C$0.79. The company has a market capitalization of C$132.71 million, a PE ratio of -5.18 and a beta of 2.30.

American Lithium (CVE:LI) last issued its earnings results on Wednesday, October 16th. The company reported C($0.03) EPS for the quarter. Equities research analysts anticipate that American Lithium Corp. will post -0.0691633 EPS for the current fiscal year.

Insider Buying and Selling at American Lithium

In other news, Director George Binninger sold 100,000 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of C$1.01, for a total value of C$101,000.00. Also, Director Andrew William Bowering sold 50,000 shares of the business’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of C$1.11, for a total value of C$55,500.00. Insiders have sold 210,000 shares of company stock valued at $186,500 in the last quarter. Corporate insiders own 9.58% 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 mineral properties in North and South America. Its properties include 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.