Shares of American Lithium Corp. (CVE:LI – Get Free Report) hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as C$0.36 and last traded at C$0.36, with a volume of 20,927 shares trading hands. The stock had previously closed at C$0.36.
Wall Street Analyst Weigh In
Separately, National Bank Financial dropped their price objective on shares of American Lithium from C$0.60 to C$0.50 and set a “sector perform” rating on the stock in a research note on Monday. One investment analyst has rated the stock with a Hold rating. According to MarketBeat, the company has an average rating of “Hold” and an average target price of C$0.50.
Read Our Latest Report on American Lithium
American Lithium Price Performance
The company has a market capitalization of C$92.04 million, a PE ratio of -9.00 and a beta of 2.05. The company has a debt-to-equity ratio of 0.10, a current ratio of 5.37 and a quick ratio of 1.45. The stock’s 50 day simple moving average is C$0.43 and its 200-day simple moving average is C$0.49.
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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