American Lithium (CVE:LI) Downgraded to Hold Rating by National Bank Financial

American Lithium (CVE:LI) was downgraded by equities research analysts at National Bank Financial from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

Separately, National Bankshares cut American Lithium from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from C$0.80 to C$0.70 in a report on Thursday.

American Lithium Stock Performance

American Lithium stock opened at C$0.56 on Wednesday. American Lithium has a 12-month low of C$0.44 and a 12-month high of C$1.50. The stock has a 50-day simple moving average of C$0.76 and a 200 day simple moving average of C$0.74. The stock has a market capitalization of C$121.83 million, a price-to-earnings ratio of -3.29 and a beta of 2.30. The company has a quick ratio of 1.45, a current ratio of 5.35 and a debt-to-equity ratio of 0.07.

American Lithium (CVE:LI) last posted its quarterly earnings data on Wednesday, October 16th. The company reported C($0.03) earnings per share for the quarter. On average, research analysts anticipate that American Lithium will post -0.0691633 earnings per share for the current fiscal year.

Insider Transactions at American Lithium

In other American Lithium news, Director Andrew William Bowering purchased 131,500 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were bought at an average price of C$0.60 per share, with a total value of C$78,742.20. Also, Director George Binninger sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of C$1.01, for a total value of C$101,000.00. Corporate insiders own 9.58% of the company’s stock.

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.