American Lithium Corp. (CVE:LI – Get Free Report)’s share price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$0.61 and traded as low as C$0.59. American Lithium shares last traded at C$0.64, with a volume of 181,169 shares trading hands.
Wall Street Analyst Weigh In
Separately, National Bank Financial cut their price objective on American Lithium from C$0.95 to C$0.70 and set a “sector perform” rating for the company in a research note on Friday, April 17th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$0.70.
Get Our Latest Stock Analysis on LI
American Lithium Trading Down 1.6%
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. The company was formerly known as Menika Mining Ltd. and changed its name to American Lithium Corp. in April 2016. American Lithium Corp. was incorporated in 1974 and is headquartered in Vancouver, Canada.
Read More
Receive News & Ratings for American Lithium Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Lithium and related companies with MarketBeat.com's FREE daily email newsletter.
