American Lithium (CVE:LI) Reaches New 12-Month Low – Here’s What Happened

American Lithium Corp. (CVE:LI)’s stock price hit a new 52-week low during trading on Wednesday . The stock traded as low as C$0.44 and last traded at C$0.44, with a volume of 200667 shares. The stock had previously closed at C$0.45.

Analyst Ratings Changes

Several research analysts recently commented on LI shares. National Bankshares cut American Lithium from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from C$0.80 to C$0.70 in a research report on Thursday, January 16th. National Bank Financial cut American Lithium from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 15th.

American Lithium Price Performance

The company’s 50-day moving average price is C$0.55 and its two-hundred day moving average price is C$0.71. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.22 and a quick ratio of 1.45. The company has a market capitalization of C$100.04 million, a P/E ratio of -3.03 and a beta of 2.30.

Insider Activity at American Lithium

In other news, Director Andrew William Bowering bought 131,500 shares of the firm’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. 9.58% of the stock is owned by company insiders.

American Lithium Company Profile

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.