American Lithium (CVE:LI) Trading Down 3.8%

Shares of American Lithium Corp. (CVE:LI) fell 3.8% on Monday . The company traded as low as C$0.76 and last traded at C$0.76. 31,623 shares were traded during trading, a decline of 85% from the average session volume of 206,955 shares. The stock had previously closed at C$0.79.

Wall Street Analyst Weigh In

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

American Lithium Price Performance

The stock has a 50-day moving average price of C$0.87 and a two-hundred day moving average price of C$1.07. The company has a current ratio of 10.73, a quick ratio of 1.45 and a debt-to-equity ratio of 0.10. The stock has a market cap of C$163.14 million, a price-to-earnings ratio of -3.80 and a beta of 2.36.

American Lithium (CVE:LI) last issued its quarterly earnings results 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). As a group, equities research analysts forecast that American Lithium Corp. will post -0.0691633 EPS for the current year.

Insider Buying and Selling

In other news, Director Andrew William Bowering bought 150,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The shares were purchased at an average cost of C$0.71 per share, with a total value of C$106,500.00. 10.45% of the stock is 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.