American Lithium Corp. (CVE:LI – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Monday. The stock traded as low as C$0.32 and last traded at C$0.33, with a volume of 97,043 shares trading hands. The stock had previously closed at C$0.34.
Analyst Upgrades and Downgrades
Separately, National Bank Financial cut their price target on shares of American Lithium from C$0.60 to C$0.50 and set a “sector perform” rating on the stock in a report on Monday, October 19th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$0.50.
View Our Latest Analysis on LI
American Lithium Stock Performance
The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.45 and a current ratio of 5.66. The company has a market cap of C$83.09 million, a PE ratio of -8.12 and a beta of 2.05. The company’s 50 day moving average price is C$0.41 and its 200-day moving average price is C$0.53.
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.
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