American Lithium (CVE:LI) Sets New 1-Year Low – Here’s Why

American Lithium Corp. (CVE:LI)’s stock price hit a new 52-week low on Tuesday . The stock traded as low as C$0.44 and last traded at C$0.44, with a volume of 105536 shares. The stock had previously closed at C$0.47.

Analyst Ratings Changes

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

American Lithium Stock Performance

The stock’s 50 day moving average price is C$0.54 and its 200 day moving average price is C$0.70. The company has a market cap of C$97.80 million, a price-to-earnings ratio of -2.96 and a beta of 2.30. The company has a current ratio of 4.22, a quick ratio of 1.45 and a debt-to-equity ratio of 0.06.

Insider Buying and Selling

In other news, Director Andrew William Bowering purchased 131,500 shares of the firm’s stock in a transaction that occurred 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. 9.58% of the stock is owned by corporate insiders.

American Lithium Company Profile

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.