Andrew William Bowering Buys 150,000 Shares of American Lithium Corp. (CVE:LI) Stock

American Lithium Corp. (CVE:LI) Director Andrew William Bowering acquired 150,000 shares of the stock in a transaction that occurred on Wednesday, April 24th. The shares were acquired at an average cost of C$0.71 per share, with a total value of C$106,500.00.

American Lithium Stock Down 2.7 %

Shares of LI traded down C$0.02 during mid-day trading on Friday, hitting C$0.72. 155,518 shares of the company’s stock were exchanged, compared to its average volume of 242,684. The company has a quick ratio of 1.45, a current ratio of 10.73 and a debt-to-equity ratio of 0.10. The firm has a fifty day moving average of C$0.94 and a two-hundred day moving average of C$1.30. The stock has a market cap of C$154.56 million, a price-to-earnings ratio of -3.60 and a beta of 2.29. American Lithium Corp. has a twelve month low of C$0.64 and a twelve month high of C$3.09.

Wall Street Analysts Forecast Growth

Separately, Eight Capital reduced their price target on shares of 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.

American Lithium Company Profile

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.