American Lithium Corp. (CVE:LI – Get Free Report) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$0.57 and traded as low as C$0.48. American Lithium shares last traded at C$0.48, with a volume of 323,198 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, National Bank Financial dropped their price objective on American Lithium from C$0.95 to C$0.70 and set a “sector perform” rating on the stock in a report on Friday, April 17th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, American Lithium presently has an average rating of “Hold” and a consensus target price of C$0.70.
Get Our Latest Analysis on American Lithium
American Lithium Stock Down 5.9%
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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