American Lithium (CVE:LI) Trading 1.9% Higher – What’s Next?

American Lithium Corp. (CVE:LI) shares shot up 1.9% during trading on Wednesday . The company traded as high as C$0.57 and last traded at C$0.55. 168,368 shares were traded during trading, a decline of 21% from the average session volume of 214,392 shares. The stock had previously closed at C$0.54.

American Lithium Trading Up 1.9 %

The business’s 50 day moving average is C$0.85 and its two-hundred day moving average is C$0.75. The firm has a market capitalization of C$119.66 million, a P/E ratio of -3.24 and a beta of 2.30. The company has a quick ratio of 1.45, a current ratio of 5.35 and a debt-to-equity ratio of 0.07.

American Lithium (CVE:LI) last released its quarterly earnings results on Wednesday, October 16th. The company reported C($0.03) EPS for the quarter. Analysts expect that American Lithium Corp. will post -0.0691633 EPS for the current year.

Insider Activity

In other American Lithium news, Director George Binninger sold 100,000 shares of the company’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 firm’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 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.