American Lithium (CVE:LI) Reaches New 12-Month Low – Here’s What Happened

American Lithium Corp. (CVE:LI)’s share price hit a new 52-week low on Wednesday . The stock traded as low as C$0.44 and last traded at C$0.44, with a volume of 200667 shares. The stock had previously closed at C$0.45.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. National Bankshares cut shares of American Lithium from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from C$0.80 to C$0.70 in a research note on Thursday, January 16th. National Bank Financial cut American Lithium from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 15th.

American Lithium Stock Performance

The company has a market capitalization of C$100.04 million, a price-to-earnings ratio of -3.03 and a beta of 2.30. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.45 and a current ratio of 4.22. The firm has a fifty day moving average price of C$0.55 and a 200-day moving average price of C$0.71.

Insider Buying and Selling at American Lithium

In other news, Director Andrew William Bowering acquired 131,500 shares of the stock in a transaction on Wednesday, December 11th. The stock was acquired at an average cost of C$0.60 per share, for a total transaction of C$78,742.20. 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.