American Lithium Corp. (CVE:LI) Director Andrew William Bowering Purchases 150,000 Shares of Stock

American Lithium Corp. (CVE:LI) Director Andrew William Bowering bought 150,000 shares of American Lithium stock in a transaction that occurred on Wednesday, April 24th. The stock was bought at an average price of C$0.71 per share, with a total value of C$106,500.00.

American Lithium Stock Down 2.7 %

Shares of LI opened at C$0.72 on Friday. The stock has a market cap of C$154.56 million, a price-to-earnings ratio of -3.60 and a beta of 2.29. The company has a quick ratio of 1.45, a current ratio of 10.73 and a debt-to-equity ratio of 0.10. American Lithium Corp. has a 12 month low of C$0.64 and a 12 month high of C$3.09. The company has a 50-day moving average price of C$0.93 and a two-hundred day moving average price of C$1.29.

Analyst Ratings Changes

Separately, Eight Capital reduced their target price on shares of American Lithium from C$8.40 to C$5.00 and set a “buy” rating for the company in a research note on Thursday, January 11th.

About American Lithium

American Lithium Corp., an exploration and development stage company, engages in the acquisition, exploration, and development of resource properties in the United States. It principally focuses on 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.