American Lithium (CVE:LI) Shares Down 9.7%

American Lithium Corp. (CVE:LIGet Free Report) fell 9.7% during mid-day trading on Monday . The stock traded as low as C$1.02 and last traded at C$1.02. 149,621 shares were traded during mid-day trading, a decline of 38% from the average session volume of 240,438 shares. The stock had previously closed at C$1.13.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Eight Capital cut their target price on American Lithium from C$8.40 to C$5.00 and set a “buy” rating for the company in a research note on Thursday, January 11th. National Bankshares dropped their price target on shares of American Lithium from C$7.10 to C$4.60 in a research note on Wednesday, November 1st.

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American Lithium Price Performance

The company has a 50 day moving average of C$1.49 and a 200 day moving average of C$1.74. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.45 and a current ratio of 10.73. The stock has a market capitalization of C$214.66 million, a price-to-earnings ratio of -5.00 and a beta of 2.12.

American Lithium (CVE:LIGet Free Report) last posted its quarterly earnings results on Tuesday, January 16th. The company reported C($0.04) EPS for the quarter. As a group, equities research analysts anticipate that American Lithium Corp. will post -0.0691633 EPS for the current year.

American Lithium Company Profile

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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.

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