American Lithium (CVE:LI) Downgraded to Hold Rating by National Bank Financial

American Lithium (CVE:LI) was downgraded by equities research analysts at National Bank Financial from a “strong-buy” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

Separately, National Bankshares cut American Lithium from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from C$0.80 to C$0.70 in a research report on Thursday.

American Lithium Stock Performance

CVE:LI opened at C$0.57 on Wednesday. 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 has a twelve month low of C$0.44 and a twelve month high of C$1.51. The stock has a market cap of C$124.01 million, a P/E ratio of -3.35 and a beta of 2.30. The firm’s fifty day simple moving average is C$0.76 and its 200 day simple moving average is C$0.74.

American Lithium (CVE:LI) last announced its quarterly earnings results on Wednesday, October 16th. The company reported C($0.03) earnings per share (EPS) for the quarter. As a group, research analysts predict that American Lithium will post -0.0691633 EPS for the current year.

Insider Buying and Selling at American Lithium

In related news, Director Andrew William Bowering purchased 131,500 shares of American Lithium stock in a transaction on Wednesday, December 11th. The stock was acquired at an average price of C$0.60 per share, for a total transaction of C$78,742.20. Also, Director George Binninger sold 100,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of C$1.01, for a total value of C$101,000.00. Company 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.