American Lithium (CVE:LI) Given New C$0.70 Price Target at National Bank Financial

American Lithium (CVE:LI) had its price target reduced by analysts at National Bank Financial from C$0.95 to C$0.70 in a report issued on Friday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s target price would suggest a potential upside of 8.53% from the company’s previous close.

American Lithium Trading Up 5.7%

Shares of CVE LI traded up C$0.04 during mid-day trading on Friday, hitting C$0.65. The stock had a trading volume of 233,559 shares, compared to its average volume of 324,266. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.45 and a current ratio of 6.66. American Lithium has a 1 year low of C$0.30 and a 1 year high of C$1.29. The business has a 50 day moving average price of C$0.63 and a two-hundred day moving average price of C$0.71. The firm has a market cap of C$164.90 million, a P/E ratio of -5.38 and a beta of 1.76.

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.